HomeMy WebLinkAbout2023-124 (Call Of Outstanding General Obligation Capital Outlay & Refunding Bonds, Series 2012A)City of Stillwater
Washington County, Minnesota
RESOLUTION 2023-124
RESOLUTION AUTHORIZING THE CALL OF THE OUTSTANDING GENERAL
OBLIGATION CAPITAL OUTLAY AND REFUNDING BONDS, SERIES 2012A
WHEREAS, by a resolution duly adopted on March 20, 2012 (the "Resolution"),
the City issued $6,355,000 original principal amount of General Obligation Capital
Outlay and Refunding Bonds, Series 2012A, dated April 1, 2012 (the "Bonds"). The
City determines to call the $1,010,000 principal amount of the Bonds which are the
2024 through 2026 maturities (the "Outstanding Bonds") on November 1, 2023, at a
price of par plus accrued interest.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Stillwater, Minnesota, as follows:
1. The City Council hereby determines to prepay on November 1, 2023, the
Outstanding Bonds and the interest due thereon.
2. U.S. Bank Trust Company, National Association, Saint Paul, Minnesota,
the bond registrar and paying agent for the principal and interest on the
Bonds, is hereby authorized and directed to cause the Notice of Call for
Redemption attached hereto as Exhibit A to be given in accordance with
the provisions of the Resolution.
Adopted by the Stillwater City Council this 19th day of September, 2023
CITY OF STILL TER
Ted oz owski, Mayor
ATTEST:
y'z
Beth Wolf, City Clerk _
EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
GENERAL OBLIGATION CAPITAL OUTLAY AND
REFUNDING BONDS, SERIES 2012A
CITY OF STILLWATER, WASHINGTON COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Stillwater,
Washington County, Minnesota, there have been called for redemption and prepayment
on
November 1, 2023
those outstanding bonds of the City designated General Obligation Capital Outlay and
Refunding Bonds, Series 2012A, dated April 1, 2012, having stated maturity dates in the
years 2024 through 2026 and totaling $1,010,000 in principal amount and having
CUSIP numbers listed below:
Year
Amount
CUSIP Number*
2024
$330,000
860745 EP9
2025
$335,000
860745 EQ7
2026
$345,000
860745 ER5
The bonds are being called at a price of par plus accrued interest to November 1, 2023,
on which date all interest on the bonds will cease to accrue. Holders of the bonds
hereby called for redemption are requested to present their bonds for payment at the
office of U.S. Bank Trust Company, National Association, Attention: Paying Agent
Services, 60 Livingston Ave, EP-MN-WS3C, Saint Paul, Minnesota 55107.
Dated: September 19, 2023,
BY ORDER OF THE CITY COUNCIL
CITY OF STILLWATER, MINNESOTA
/s/ Beth Wolf
City Clerk
The City shall not be responsible for the selection of or use of the CUSIP
numbers, nor is any representation made as to their correctness indicated in the
notice. They are included solely for the convenience of the holder.