Resolution 93-14
t/3-/1
A RESOLUTION providing for the redemption of certain
outstanding obligations of the City; and resolving
other matters incident and related to the
redemption of such obligations.
WHEREAS, pursuant to ordinances passed and adopted by the City
Council of the City of Wylie, Texas, the following described
obligations were duly authorized to be issued and are currently
outstanding, to wit:
(1) City of Wylie, Texas, Waterworks and Sewer
System Revenue Bonds, Series 1971, dated March 1, 1971,
aggregating in principal amount $80,000, and scheduled to
mature on June 1, 1994 through June 1, 1996;
(2) City of Wylie, Texas, Waterworks and Sewer
System Revenue Bonds, Series 1980, dated March 1, 1980,
aggregating in principal amount $390,000, and scheduled
to mature on June 1, 1997 through June 1, 2005;
(3) City of Wylie, Texas, Waterworks and Sewer
System Revenue Bonds, Series 1986, dated July 1, 1986,
aggregating in principal amount $130,000, and scheduled
to mature on June 1, 1994 through June 1, 2006;
(4) City of Wylie, Texas, General Obligation Bonds,
Series 1986, dated August 15, 1986, aggregating in
principal amount $1,280,000, and scheduled to mature on
February 15, 1997 through February 15, 2006;
(5) City of Wylie, Texas, Tax and Waterworks and
Sewer System Limited Pledge Revenue Certificates of
Obligation, Series 1988, dated May 15, 1988, aggregating
in principal amount $910,000, and scheduled to mature on
February 15, 1999 through February 15, 2008; and
(6) City of Wylie, Texas, Tax and Waterworks and.
Sewer System Limited Pledge Revenue Certificates of
Obligation, Series 1990, dated February 15, 1990,
aggregating in principal amount $2,375,000, and
scheduled to mature on February 15, 2001 through
February 15, 2010;
AND WHEREAS, the above identified obligations were authorized,
issued, sold and delivered subject to the right and authority of
the City to redeem the same prior to maturity, as provided in the
respective authorizing ordinances and in said obligations; and
0109076
WHEREAS, in connection with the advance refunding of the above
described obligations, the Council hereby finds and determines that
obligations of the respective series should be redeemed prior to
their maturities on the dates and in the manner hereinafter
provided and in accordance with the requirements prescribed
therefor and notice of redemption of such obligations should be
approved and authorized to be given at this time by the Council;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS:
SECTION 1: The bonds of that series known as "City of Wylie,
Texas, Waterworks and Sewer System Revenue Bonds, Series 1971",
dated March 1, 1971, being bonds numbered 53 through 68, each in
the denomination of $5,000, and maturing in the years 1994 through
1996, and aggregating in principal amount $80,000, shall be
redeemed and the same are hereby called for redemption on
December 1, 1993, at the price of par and accrued interest to the
date of redemption. The City Secretary is hereby authorized and
directed to cause a notice of redemption to be filed with
Ameritrust Texas National Association (successor paying agent to
Mercantile National Bank at Dallas), the "paying agent", which
notice of redemption shall be substantially in the form and content
of Exhibit A attached hereto and incorporated herein by reference
as a part of this resolution for all purposes.
SECTION 2: The bonds of that series known as "City of Wylie,
Texas, Waterworks and Sewer System Revenue Bonds, Series 1980",
dated March 1, 1980, being bonds numbered 3 through 80, each in the
denomination of $5,000, and maturing in the years 1997 through
2005, and aggregating in principal amount $390,000, shall be
redeemed and the same are hereby called for redemption on June 1,
1995, at the price of par and accrued interest to the date of
redemption. The City Secretary is hereby authorized and directed
to cause a notice of redemption to be filed with Ameritrust Texas
National Association (successor paying agent to Mercantile National
Bank at Dallas), the "paying agent", which notice of redemption
shall be substantially in the form and content of Exhibit B
attached hereto and incorporated herein by reference as a part of
this resolution for all purposes.
SECTION 3: The bonds of that series known as "City of Wylie,
Texas, Waterworks and Sewer System Revenue Bonds, Series 1986",
dated July 1, 1986, maturing in the years 1994 through 2006, and
aggregating in principal amount $130,000, shall be redeemed and the
same are hereby called for redemption on December 1, 1993, at the
price of par and accrued interest to the date of redemption. The
City Secretary is hereby authorized and directed to file a copy of
this resolution, together with a suggested form of notice of
0109076
-2-
redemption to be sent to bondholders, with Ameritrust Texas
National Association (successor paying agent/registrar to MBank
Dallas, N.A.), in accordance with the redemption provisions
applicable to such bonds; such suggested form of notice of
redemption being attached hereto as Exhibit C and incorporated
herein by reference as a part of this resolution for all purposes.
SECTION 4: The bonds of that series known as "City of Wylie,
Texas, General Obligation Bonds, Series 1986", dated August 15,
1986, maturing in the years 1997 through 2006, and aggregating in
principal amount $1,280,000, shall be redeemed and the same are
hereby called for redemption on February 15, 1996, at the price of
par and accrued interest to the date of redemption. The City
Secretary is hereby authorized and directed to file a copy of this
resolution, together with a suggested form of notice of redemption
to be sent to bondholders, with Ameritrust Texas National
Association (successor paying agent/registrar to MBank Dallas,
N.A.), in accordance with the redemption provisions applicable to
such bonds; such suggested form of notice of redemption being
attached hereto as Exhibit D and incorporated herein by reference
as a part of this resolution for all purposes.
SECTION 5: The certificates of obligation of that series known
as "city of Wylie, Texas, Tax and Waterworks and Sewer System
Limited Pledge Revenue certificates of Obligation, Series 1988,
dated May 15, 1988, maturing in the years 1999 through 2008, and
aggregating in principal amount $910,000, shall be redeemed and the
same are hereby called for redemption on February 15, 1998, at the
price of par and accrued interest to the date of redemption. The
City Secretary is hereby authorized and directed to file a copy of
this resolution, together with a suggested form of notice of
redemption to be sent to bondholders, with Ameritrust Texas
National Association (successor paying agent/registrar to MTrust
Corp National Association), in accordance wi th the redemption
provisions applicable to such obligations; such suggested form of
notice of redemption being attached hereto as Exhibit E and
incorporated herein by reference as a part of this resolution for
all purposes.
SECTION 6: The certificates of obligation of that series known
as "City of Wylie, Texas, Tax and Waterworks and Sewer System
Limited Pledge Revenue certificates of Obligation, Series 1990,
dated February 15, 1990, maturing in the years 2001 through 2010,
and aggregating in principal amount $2,375,000, shall be redeemed
and the same are hereby called for redemption on February 15, 2000,
at the price of par and accrued interest to the date of redemption.
The City Secretary is hereby authorized and directed to file a copy
of this resolution, together with a suggested form of notice of
redemption to be sent to bondholders, with Ameritrust Texas
National Association (successor paying agent/registrar to MTrust
0109076
-3-
Corp National Association), in accordance with the redemption
provisions applicable to such obligations; such suggested form of
notice of redemption being attached hereto as Exhibit F and
incorporated herein by reference as a part of this resolution for
all purposes.
SECTION 7: The redemption of the obligations described above
being associated with the advance refunding of such obligations,
the approval, authorization and arrangements herein gi ven and
provided for the redemption of such obligations on the redemption
dates designated therefor and in the manner provided shall be
irrevocable upon the issuance and delivery of the "City of Wylie,
Texas, Tax and Waterworks and Sewer System Surplus Revenue
Refunding Bonds, Series 1993", dated August 1, 1993, and the City
Secretary is hereby authorized and directed to make all
arrangements necessary to notify the holders of such obligations of
the City's decision to redeem such obligations on the dates and in
the manner herein provided and in accordance with the ordinances
authorizing the issuance of the obligations.
PASSED AND ADOPTED, this August 19, 1993.
CIfY OF WYLIE'/E.XAS
!_"//4J- Il 4!hi1;
/Mayor Pro Tem
( ;
./
ATTEST:
~ '4~-/-d1-/
City Se ret ry
(city Seal)
0109076
-4-
EXHIBIT A
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BONDS
SERIES 1971
DATED MARCH 1, 1971
NOTICE IS HEREBY GIVEN that the City of Wylie, Texas has
called for redemption on December 1, 1993, the bonds of the series
described above and further identified as follows:
Bonds numbered 53 through 68, each in the denomination
of $5,000, aggregating in principal amount $80,000,
and scheduled to mature on June 1 in each of the years
1994 through 1996.
NOTICE IS FURTHER GIVEN that due and proper arrangements
have been made for providing Ameritrust Texas National Association
(successor paying agent to Mercantile National Bank at Dallas),
the paying agent for such bonds, with sufficient funds to pay the
redemption price of such bonds. Such bonds shall cease to bear
interest from and after such redemption date.
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution passed by the City Council of the city of
Wylie, Texas.
WITNESS MY OFFICIAL SIGNATURE, this the 19th day of August,
1993.
City Secretary
City of Wylie, Texas
The above and foregoing Notice of Redemption was duly
received and filed with Ameritrust Texas National Association,
this
AMERITRUST TEXAS NATIONAL
ASSOCIATION, Dallas, Texas
By:
Title:
(Bank Seal)
0109006
EXHIBIT B
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BONDS
SERIES 1980
DATED MARCH 1, 1980
NOTICE IS HEREBY GIVEN that the City of Wylie, Texas has
called for redemption on June 1, 1995, the bonds of the series
described above and further identified as follows:
Bonds numbered 3 through 80, each in the denomination
of $5,000, aggregating in principal amount $390,000,
and scheduled to mature on June 1 in each of the years
1997 through 2005.
NOTICE IS FURTHER GIVEN that due and proper arrangements
have been made for providing Ameritrust Texas National Association
(successor paying agent to Mercantile National Bank at Dallas),
the paying agent for such bonds, with sufficient funds to pay the
redemption price of such bonds. Such bonds shall cease to bear
interest from and after such redemption date.
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution passed by the City Council of the city of
Wylie, Texas.
WITNESS MY OFFICIAL SIGNATURE, this the 19th day of August,
1993.
City Secretary
City of Wylie, Texas
The above and foregoing Notice of Redemption was duly
received and filed with Ameritrust Texas National Association,
this
AMERITRUST TEXAS NATIONAL
ASSOCIATION, Dallas, Texas
By:
Title:
(Bank Seal)
0109006
EXHIBIT C
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
WATERWORKS AND SEWER SYSTEM REVENUE BONDS,
SERIES 1986
DATED JULY 1, 1986
NOTICE IS HEREBY GIVEN that all bonds of the above series
maturing on and after June 1, 1994 and aggregating in principal
amount $130,000 have been called for redemption on December 1,
1993 at the redemption price of par and accrued interest to the
date of redemption, such bonds being identified as follows:
Year of
Maturitv
Principal Amount
Outstandinq
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
$ 5,000
5,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
15,000
15,000
15,000
ALL SUCH BONDS shall become due and payable on December 1,
1993, and interest thereon shall cease to accrue from and after
said redemption date and payment of the redemption price of said
bonds shall be paid to the registered owners of the bonds only
upon presentation and surrender of such bonds to the principal
office of Ameritrust Texas National Association (successor paying
agent/registrar to MBank Dallas, N.A.).
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution by the city Council of the City of Wylie,
Texas.
AMERITRUST TEXAS NATIONAL
ASSOCIATION,
as Paying Agent/Registrar
Address: P. O. Box 2320
Dallas, Texas 75221-2320
0109006
EXHIBIT D
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
GENERAL OBLIGATION BONDS,
SERIES 1986
DATED AUGUST 15, 1986
NOTICE IS HEREBY GIVEN that all bonds of the above series
maturing on and after February 15, 1997 and aggregating in
principal amount $1,280,000 have been called for redemption on
February 15, 1996 at the redemption price of par and accrued
interest to the date of redemption, such bonds being identified as
follows:
Year of
Maturitv
Principal Amount
Outstandinq
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
$ 85,000
95,000
100,000
110,000
120,000
130,000
140,000
155,000
165,000
180,000
ALL SUCH BONDS shall become due and payable on February 15,
1996, and interest thereon shall cease to accrue from and after
said redemption date and paYment of the redemption price of said
bonds shall be paid to the registered owners of the bonds only
upon presentation and surrender of such bonds to the principal
office of Ameritrust Texas National Association (successor paying
agent/registrar to MBank Dallas, N.A.).
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said bonds and
pursuant to a resolution by the City Council of the City of Wylie,
Texas.
AMERITRUST TEXAS NATIONAL
ASSOCIATION,
as Paying Agent/Registrar
Address: P. O. Box 2320
Dallas, Texas 75221-2320
0109006
EXHIBIT E
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
TAX AND WATERWORKS AND SEWER SYSTEM
LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATION
SERIES 1988
DATED MAY 15, 1988
NOTICE IS HEREBY GIVEN that all certificates of the above
series maturing on and after February 15, 1999 and aggregating in
principal amount $910,000 have been called for redemption on
February 15, 1998 at the redemption price of par and accrued
interest to the date of redemption, such certificates being
identified as follows:
Year of
Maturitv
Principal Amount
outstanding
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
$ 60,000
65,000
70,000
80,000
85,000
90,000
100,000
110,000
120,000
130,000
ALL SUCH CERTIFICATES shall become due and payable on
February 15, 1998, and interest thereon shall cease to accrue from
and after said redemption date and payment of the redemption price
of said certificates shall be paid to the registered owners of the
obligations only upon presentation and surrender of such
certificates to the principal office of Ameritrust Texas National
Association, Dallas, Texas (successor paying agent/registrar to
MTrust Corp, National Association).
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said certificates and
pursuant to a resolution by the City Council of the City of Wylie,
Texas.
AMERITRUST TEXAS NATIONAL
ASSOCIATION,
as Paying Agent/Registrar
Address: P. o. Box 2320
Dallas, Texas 75221-2320
0109006
EXHIBIT F
NOTICE OF REDEMPTION
CITY OF WYLIE, TEXAS,
TAX AND WATERWORKS AND SEWER SYSTEM
LIMITED PLEDGE REVENUE CERTIFICATES OF OBLIGATION
SERIES 1990
DATED FEBRUARY 15, 1990
NOTICE IS HEREBY GIVEN that all certificates of the above
series maturing on and after February 15, 2001 and aggregating in
principal amount $2,375,000 have been called for redemption on
February 15, 2000 at the redemption price of par and accrued
interest to the date of redemption, such certif icates being
identified as follows:
Year of
Maturitv
Principal Amount
outstanding
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$ 175,000
175,000
200,000
200,000
225,000
250,000
250,000
275,000
300,000
325,000
ALL SUCH CERTIFICATES shall become due and payable on
February 15, 2000, and interest thereon shall cease to accrue from
and after said redemption date and payment of the redemption price
of said certificates shall be paid to the registered owners of the
obligations only upon presentation and surrender of such
certificates to the principal office of Ameritrust Texas National
Association, Dallas, Texas (successor paying agent/registrar" to
MTrust Corp, National Association).
THIS NOTICE is issued and given pursuant to the terms and
conditions prescribed for the redemption of said certificates and
pursuant to a resolution by the city Council of the City of Wylie,
Texas.
AMERITRUST TEXAS NATIONAL
ASSOCIATION,
as Paying Agent/Registrar
Address: P. O. Box 2320
Dallas, Texas 75221-2320
0109006