Resolutions-2019-094

I ffin/ 4369S') 25/ Auth BPA GO CT LA RF','i'OLUTION NO, 2019- 094 ResohAk) n approvinj., Bond PUrcha, se. Afire mnent Or the sale ( if IN& theretuidu WHEREAS, it has bemi pnMoscd that the Uty Mer OR) the Loan Agreernent and the Oly heivrofore Imaposal to enter Wo as lowi agremnent ( Me ' Iman Qvonmu" I pumuant to th(.,, provisions of Section 38124A of the CIde oF Ioiva, and to Wroxv intnicy thereunder in a princ, ipal aniot.int not to exceed S1501000 fior the purpose ( I paying tht; um[ to dud Men, of' constructing street, storm water dmhwgq sidewalk, sanitary scivu and 1mater system inqwovenwrits and acquiting and installing street lighling, AgnaUzation and Qvigu, vuld Innivant N) la", and a rwdce WAY puNished, the C05' COLUICil has held as pUbhc hcaring on such proposal on . 1 tj[ly 2, 20l 9; and VRIHREAS, as Prclindnary Official Statc. nient ( the, " R. O, S.") has pecan prepared to fia' Cifitate the sale of" Gcneral Obligation Corporate 11upose Honds, Sca- ics 200A ( thc, " Bonds") in evideins of the Wigivth) n of the Uty urxkr the LoanAgreeni= Emd the C WWI has made, provision lb" he app-oval of the P. O. S, and haus aU1hOT'iZCd itS tisc by Nortfiland Sccajri tics, hlc ( the " Underwitter"), as 11- 1c t.1nderwriter cap than issmince ol' the 13onds; and warp 1FREASpy a c(,n' tajn Bond Purchase Agreement ( Te " Bond Pumlam; Agwenwnr) has been prepued to set Ibi-th the tenns of the Bonds a1K1 INS Luiderstanding; between the Oty and the, Undcnivrhcn, % vith rcspoct to the purchitse thcreof and it is noiv necesury to nuke pnwidwi W, the apInuval orthe Bond I1tjr(,,,, hase Agreement and its exectition and dcfivcry; NOW, 1111AUTORE, It Is ltesolvcxi by the Oty Nurwil oftlux City of UP11n, W", as 01OWS: Section 1. ' Ile CILY Unincil licn.,. by approvc,,s thc Bond Purc.ham., Agr(.., eincnit in substantially thc, florrn as has bc,(. n,i pnNeWed to Ific City Coun(.,°fl, The M,a.yor and thc City Clerk 11- C -) Yr authorized U) cxemAc tN: Bond Pumhaw Agee enwnt on behOr or on! Ch y and to d(.,Iivci- the sainc to the Under% x6tei% Section 2. Ftn- ther action %vith rc. spcct to the mdhmizaticmi of die Wan Agrecinmit and the issimncc or the Bonds is hemby aQourned to the City COLHICH iriecting sc-hedi.dal Or AL]IgUst 20, 2019 Scctk) n 3. All rus( TANns anxi onkxs or pans thereof in conffict xith the provisions, orthis rewAuti( m, to the extent of' such conflicL are 1wreby reywalml. 1 DORS,&, XWHUP"J'' AY, A' JT0RJ1,, T,,YS, il [ j:, MOH, Q S, IOWA