ANKENY CITY COUNCIL

Regular Agenda

May 18, 2020
5 : 30 PM

Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem

Council Members: Bobbi Bentz, Jeff Perry, Kelly Whiting, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
Item Reviewed by Legal Counsel
SUBJECT:
$3,375,000 Water Revenue Bonds, Series 2020B
EXECUTIVE SUMMARY:

The proposed resolutions authorize and provide for the issuance of $3,375,000 Water Revenue Bonds, Series 2020B, including approval of the tax exemption certificate, continuing disclosure certificate and appointing UMB Bank, N.A. as the paying agent, bond registrar and transfer agent. 

FISCAL IMPACT: No
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to adopt <strong>RESOLUTION </strong>appointing UMB Bank, N.A. of West Des Moines, Iowa, to serve as paying agent, bond registrar, and transfer agent, approving the paying agent and bond registrar and transfer agent agreement and authorizing the execution of the agreement.

Action: Consider motion to adopt <strong>RESOLUTION </strong>authorizing and providing for the issuance and securing the payment of $3,375,000 Water Revenue Bonds, Series 2020B, of the City of Ankeny, State of Iowa, under the provisions of the City Code of Iowa, and providing for a method of payment of the bonds, approval of tax exemption certificate and approval of the continuing disclosure certificate.

ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Paying Agent, Bond Registrar and Transfer Agent Agreement
Resolution
Tax Exemption Certificate
Continuing Disclosure Certificate