Resolutions-2019-096

I HIn/ 43698425/ ks W CP LA R FSOLLY] JON NO, 2019- 096 Rewilumorl authorizi. ngrnnd approving a wnlnin Loan Agruerncnt, pmviding hor the issuaruic of $4000MOO ( kneral Obligation C.orporate 111.11- posc Bonds, Sc.ric.s 200 9A, and proWng Rw the, levy oftaxc,,s to pay the sanle W11FAFAS, it has bemi pnTosal that the Uty Mer inh) Ific Loan Agrecmc.nt and th,c Uty heretoibre 1woposm! to cnkx irntnr as loan agreement ( duo " I xmn AgreemmU71 pumum U) Me provisions, of' Section 38124A of 11n: Ade or Iowa, and to borrow rn0n(.,,y thcreunder in an. not to emwed $ 4, 50("( principal aniount WO Rm- the purpose of' paying W amt to that exleM, of' constructing slrcct, slorm water drainaq; MdewWk, sardtary sc\ vcr and watcr syNteni hi-iprovcmenls and acquh- ing anti inns ralhng street lighting, signal i zation and signaly: ( the Qects'), and pursuant to law and as nodee duly publish(-xi, the Ctry Council has 110d a. public hearing mi such proposal mi July 2, 2019; and WHIAREA& V a Prelindnap/ Official Stalerric,,nt ( the has been pnqmrcd k) 1kilitate dic sic or Wnck ( Nigation At-pmate Purpose Honds, Series 2019A ( thc " Llonds") in evidaiu; of Be ( AHWHAn N' the Wy under the Loan Agreement, and the Crty Council has made proAdon nfpnn the aplwoval orthe 1011k and has Wiorized its use, by Northland Securities, lnc ( the " L'IndenvAce), as the Werwriter of the oftfic, 13onds, and WHEREAS, a ecitairl Wint Purchase, Agreernent ( thc " Tiond llurchxs(,a Agreernent") has bccn I'n,cpared to sc,t Ruth the tcnns or Hm lkmds and No unk, roanIng between the Uty and the UnderAvriter with t to the resj,,)c%,,, purch, ase thereof and the City (, 7oUnCH hw.; aj,:)proved the 13ond purchase Agrceinant and We PWAMI RW its executioill and de'livery; and NN-71IFTEAS, it is now necessary ki make final provision fior the approval of the Loan and to authoriz(,,,1he issuance of tint: 13onds; NoMn 1111011FORIL A It Resolvcd by die Uty WWI of the ( 11 of Win, as Adlows: Scc, fion 1. This (" iry C.ouncil hereby detcr-mines to enter into 11-rc lLoanrn Agi-cernent, with the Undcrwriter, in substantial1y the 11irm its has been placcd on Me mol the Chy Unmcn, providing fior as han to the ( Ty in the ptincipal amount or $ 4jO%00% Is the puqmse or pUrlioses set finth in the prewable hcra) f, T'he Mayor and City Clak arc Imnly aWhorized and direcled to sign the Loan Agreerneni on behalf orthe ( 03y, and theLowi AInwnwnt k hemby appuval. 2, DORSF Y As 5fUl NHN Un ATRMN HY IMS MOMAJOWA