Loading...
HomeMy WebLinkAboutResolution - HRA 2002-04 - Call of Certain Outstanding Lease Revenue Bonds - 12/17/2002 HOUSING AND REDEVELOPMENT AUTHORITY • IN AND FOR THE CITY OF EDEN PR A 1RM HENNEPIN COUNTY,NHNNESOTA BRA RESOLUTION 2002-04 RESOLUTION AUTHORIZING CALL OF CERTAIN OUTSTANDING LEASE REVENUE BONDS BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Eden Prairie,Minnesota(the"Authority"), as follows: Section 1. The Authority has issued bonds as follows: Aggregate Principal Issue Original Principal Amount Outstanding $1,415,000 Lease Revenue Bonds(City Hall Project), Series $930,000 1993A(the Series 1993A Bonds) dated May 1, 1993 Section 2. The Series 1993A Bonds maturing in the years 2004 through 2012 are subject to prepayment on February 1,2003 at a price equal to the principal amount and accrued interest to the date of redemption upon notice of call for redemption thereof mailed not less than • 30 days before the date specified for redemption to the bank at which principal and interest are payable and to the holder of each bond,if known. Section 3. The Authority has determined that there exists sufficient moneys in the debt service fund established for the Series 1993A Bonds to prepay the$930,000 aggregate principal amount of the Series 1993A Bonds maturing in the years 2004 through 2012. Section 4. The City Finance Director is authorized and directed, on behalf of the Authority,to cause U.S. Bank National Association, in St. Paul,Minnesota, the bank at which principal and interest on the Series 1993A Bonds is payable,to cause the Notice of Redemption attached hereto as Exhibit A to be mailed in accordance with Section 2. Section 5. No further action shall be required of the Authority or the City Council to complete the prepayment of the Series 1993A Bonds. ADOPTED by the Housing and Redevelopment Authority in and for the City of Eden Prairie,Minnesota this 17th day of December,2002. By: y T - s, it ATTE • By: Scott H.Neal,Executi e Dire r EDIT A NOTICE OF REDEMPTION $1,415,000 Lease Revenue Bonds, Series 1993A Dated: May 1, 1993 • City of Eden Prairie,Hennepin County,Minnesota Notice is hereby given that all Bonds of the above issue which mature on February 1 in the following years and amounts: CUSIP Year Principal Amount Interest Rate Number* 2004 $85,000 5.60% 279525 CG2 2005 85,000 5.70 279525 CHO 2006 90,000 5.75 279525 06 2007 95,000 5.80 279525 CK3 2008 100,000 5.85 279525 CLl 2009 110,000 5.90 279525 CM9 2010 115,000 6.00 279525 CN7 2011 120,000 6.00 279525 CP2 2012 130,000 6.00 279525 CQO are called for redemption and prepayment on February 1,2003. The Bonds will be redeemed at a price of 100% of their principal amount plus accrued interest to the date of redemption. Holders of such Bonds should present them for payment on or before said date, on which date they will cease to bear interest. • A form W-9 Payer's Request for Taxpayer Identification Number,must be completed and Y q � P returned with the called bond or 31%of the bond redemption proceeds will be withheld. Payment of bonds to be redeemed will be made on and after February 1, 2003,by submitting said bond along with the completed form W-9 to U.S. Bank National Association(as successor Paying Agent to First Trust National Association), at the following address: By Mail or Courier Service: By Registered or Certified Mail: In Person,By Hand: U.S.Bank N.A. U.S.Bank N.A. U.S.Bank N.A. Corporate Trust-Debt Mgmt Corporate Trust-Debt Mgmt Corporate Trust-Debt Mgmt CM-9705 180 East Fifth Street 180 East Fifth Street P.O.Box 70870 St.Paul,MN 55101 St.Paul,MN 55101 St.Paul,MN 55170-9705 If you request payment of principal and/or interest via wire transfer,please be advised there is a wire transfer fee which will be deducted from your payment. Dated: December 17, 2002. BY ORDER OF THE CITY COUNCIL CITY OF EDEN PRAIRIE,MINNESOTA Kathleen Porta, City Clerk • *The Registrar shall not be responsible for the selection or use of the CUSIP numbers,nor is any representation made as to their correctness indicated in this Notice of Redemption or on any Bond. They are included solely for convenience of the Holders.