HomeMy WebLinkAboutRESOLUTIONS-1980-039-R-80RESOLUTION NO. 39-R-80
RESOLUTION confirming sale of $5,000,000 Water
Revenue Bonds, Series 1980, of the City of
Evanston, Cook County, Illinois, designating
• the paying agent therefor and directing the
Comptroller of said City to deliver the same
to the purchaser thereof.
WHEREAS, the City of Evanston', Cook County, Illinois,
has heretofore been authorized to issue $5,000,000 Water Revenue
Bonds, Series 1980, of said City, in accordance with the provi-
sions of Ordinance No. 25-0-80 entitled:
"AN ORDINANCE authorizing and providing for the
issue of $5,000,000 Water Revenue Bonds, Series
1980, of the City of Evanston, Cook County,
Illinois, for the purpose of defraying the cost
of improving and extending the present water-
works system of said City, prescribing all the
details of said bonds, and providing for the
collection, segregation and distribution of the
revenue of the waterworks system of said City."
adopted by the City Council of said City on April 8, 1980;
and
WHEREAS, said bonds in the principal amount of $5,000,000
have been advertised for sale and the bid of
Kidder, Peabody & Company, Inc.
to purchase said bonds
at a price of $ 4, 900, 046.00 plus accrued interest on said bonds from
May--1, 1980 to date of delivery has been determined to conform to
all of the terms of the Official Notice of Sale and has been deter-
mined to be the best bid submitted for said bonds; and
WHEREAS, the FirstBank of Evanston
, in the City of Evanston Illinois,
has been agreed upon between the City and the purchaser as paying
agent for said bonds; and
•
r
�i:•T•^.+^,:.."'...'"T•�x^3:..."...'"�'nT...».G`.,F':�.�'w�'.".1t.:Z.`-^f.+-�«4^�.^'.;t: •"' xS r, w'rv..-.� .�... _"h.
.Na e,.A 4 «. �:R �.y:� 'ar•' �'._ .."ti"e'r• � y " ,! • ^,J„'' P bLi
•a+yam,'. . ''0. .. a ' ' r .`�'.-4 _ r -
�=">n"."».� �',���ldi»h.t%.s"i...^.i.�h+ F"..�' 'ry',`M'%2".. �TM.«.,""�`.•4*,FS::?>.:.�'wa'a #H�".v..
WHEREAS, in Section 11 of said Ordinance No. 25-0-80 ,
the City Council agreed to adopt a resolution fixing the rates of
interest the bonds are to bear, designating the paying agent and
• directing the officers of the City to execute and deliver the
•
bonds to the purchaser:
NOW, THEREFORE, Be It and It Is Hereby Resolved by the
City Council of the City of Evanston, Cook County, Illinois, as
follows:
Section 1. The $5,000,000 Water Revenue Bonds, Series
1980, of the City of Evanston, Cook County, Illinois, authorized
to be issued by Ordinance No. 25-0-80 entitled:
"AN ORDINANCE authorizing and providing for the
issue of $5,000,000 Water Revenue Bonds, Series
1980, of the City of Evanston, Cook County,
Illinois, for the purpose of defraying the cost
of improving and extending the present water-
works system of said -City, prescribing all the
details of said bonds, and providing for the
collection, segregation and distribution of the
revenue of the waterworks system of said City."
adopted by the City Council on Ar)ril 8, 1980, shall be ex-
ecuted by the officials of said City in the manner and form as
provided for in and by said ordinance. Said bonds shall be dated
May 1, 1980, be numbered from 1 to 1000, inclusive, of the denom-
ination of $5,000 each, and become due serially on January 1 of
the years, in the amounts and bearing interest as follows:
-2-
a
' .. • - _ j :4��1 "' �. .b r t, jjf'".. .a., ': z.-r" 4, +� ..•,a `" y _:^'�:. f �,y :'�"";
t 'xP5``'' z a'a w � k' t"` .,y ', �. � � :�' ` _g �;' �. 'w - �l': `�' -�„i,r .+a v� `,•� �ase
�"i}-r•+ «r.:u.r a.�..,.'sn tk, x� � 6..r,�`-..+i .».... .►' •a.+1.:: l.,.,,.„.. _ H t 'T*
C..`�.�'.:;.�.,r'�3;;""su.iw""-6
:.y. v "+� ` �'-^-w Js r •Y., c: i d.^. ..,, ' �'1'.lAi •� E,w. '.� � .. .:n ? 'r".
1x '�y'..s +'t. ` ��.. '.^i ...J.�. tit .. e.. �� %� ¢ trv+.' k,. / ,'1•��,,.ar:T•"i'"r."Jw�. a `'`'"
e a
Serial
Numbers,
Principal
Year of
Rate of
Both Inclusive
Amount
Maturity
Interest
1
to
10
$ 50,000
1985
6.90%
11
to
20
50,000
1986
6.90%
21
to
30
50,000
1987
6.90%
• 31
to
50
100,000
1988
6.90%
51
to
70
100,000
1989
6.90%
71
to
90
100,000
1990
6.90%
91
to
110
100,000
1991
6.90%
111
to
130
100,000
1992
6.70%
131
to
160
150,000
1993
6.80%
161
to
200
200,000
1994
6.90%
201
to
240
200,000
1995
6.90%
241
to
300
300,000
1996
7.00%
301
to
360
300,000
1997
7.00%
361
to
430
350,000
1998
7.00%
431
to
500
350,000
1999
7.00%
501
to
570
350,000
2000
7.00%
571
to
640
350,000
2001
7.00%
641
to
710
350,000
2002
7.00%
711
to
780
350,000
2003
7.00%
781
to
850
350,000
2004
7.00%
851
to
920
350,000
2005
7.00%
921
to
1000
400,000
2006
7.00%
Section 2. The FirstBank of Evanston
in the City of Evanston Illinois,
shall be and the same is hereby confirmed as paying agent for said
ibonds.
Section 3. The officials of said City shall be and they
are hereby ordered and directed to have said bonds in the principal
amount of $5,000,000 printed for delivery to said purchaser, and
to execute said bonds. Upon execution thereof, said bonds shall be
deposited with the Comptroller and be by him delivered to the pur-
chaser thereof, namely, Kidder, PPabnL\/ & r.nmranY I ar
, upon receipt of the purchase price there-
for in accordance with the terms of the bid submitted by said pur-
chaser and accepted by the City.
Section 4. This resolution shall be in full force and
effect immediately upon its passage.
0 ATTEST�
/city Clerk
RWS:rd -3-
" �� �:.'aF'..ri-,.tf..-
� 1 .ai`°,.,+• 9:..�kaa.�3.tw k'-114. ;.�,yy
`M^+... Y* �
- � . .� �pF 1 r �' �' n� r .r•: r ^ .
w.F?$'
....-....� ..."�1+.,.-i.� .
5.,."�".rf•f '�, 'd'��%•_ '�4 , w...
ax c.
=r�`,� i°�.—�i�•.'4.'^"":.:.:=�.,�=5:.:,,.c:.`T`�n:�,v...
_
R,i-�s.Ci'�'5::� �""i.:+�+a...:.3c�`^�'... f y� ,K.::ar �,: �.
�:.iR'a�\ 'hIr'�•�
'`"' . f :K ;, kyP�Y _ .A., i �K ham, nQ-N r�� cnT�;'*.��`n � _)_�� .z^.• w �." ` •'1
_ ! • • 'hp•�+^` . a^." +. •.5.
~y~.a1' •'+,
"�': ^F; > . -
.. rN.C. i.'`•'^'�w'"^'"'N `'.•''� , .a'�1�•
1,•. �t'o�•• _�
,' . .r R , , '^ .. ' ._ ,;'�a