Advertisement of Sale of BondsTHE CITY OF Dubuque
au
DUB E
1
Masterpiece on the Mississippi
2007
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: $2,935,000 General Obligation Bonds, Series 2009A
$11,175,000 General Obligation Urban Renewal Bonds, Series 2006 and
$9,500,000 General Obligation Refunding Bonds, Series 2009C
DATE: October 1, 2009
The sale of $2,935,000 General Obligation Bonds, Series 2009A; $11,175,000 General
Obligation Urban Renewal Bonds, Series 20096; and $9,500,000 General Obligation
Refunding Bonds, Series 2009C will be held Monday, October 5, 2009 at 11:00 a.m.
The results will be brought to the October 5th City Council meeting. A letter from
Attorney William Noth detailing information on the bond sale is attached.
~ ~ 1
,,
Michael C. Van Milligen
~~~{'
MCVM:jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
Ken TeKippe, Finance Director
AHL.ERS ~ GOONEY, P.C.
ATTORNEYS AT LAW
100 COURT AVENUE • SUITE 600
DES MOINES, IOWA 50309-2231
PHONE 515-243-7611
FAX: 515-243-2149
WWW.AHLERSLAW.COM
WILLIAM J. NO (H
WNOTH@AHLERSLAW.COM
September 23. 2009
By Overnight Delivery
Mr. Ken TeKippe
Finance Officer
City of Dubuque
50 West 13th Street
Dubuque, Iowa 52001-4864
Direct Dial:
(515)246-0332
RE: $2,935,000 General Obligation Bonds, Series 2009A
$11,175,000 General Obligation Urban Renewal Bonds. Series 200913
$9,500,000 General Obligation Refunding Bonds, Series 20090
Dear Mr. TeKippe:
With this letter I am enclosing proceedings for the sale date (October 5th), in each
case covering minutes of the reception of bids and form of resolution awarding the Bonds
to the best bidders.
In each case, sealed, facsimile and electronic bids for the Bonds should be
received by the Finance Director and listed in the minutes. After a final call for sealed
and facsimile bids, the electronic bids should then be reviewed and the best bid recorded.
Only sealed, facsimile and electronic bids are permitted by the terms oi~sale. No other
bids should be considered. All bids should then be referred to the Council for award ol~
the Bonds.
Alternative bids may be received for the Series 2009A and 200913 Bonds, thereby
allowing the City to determine if the "Build America Bond" taxable bond option is more
favorable than regular tax-exempt rates.
Acceptance of the best bid can be made by execution of the applicable bid loan.
September 23, 2009
Page 2
I also am enclosing a resolution authorizing redemption of the General Obligation
Bonds, Series 2001 and General Obligation Bonds, Series 2002, and approving the forms
of notices of redemption to be issued by the Registrar (Wells Fargo Bank).
I/xtra copies of the proceedings are enclosed to be completed as the originals and
returned to us for our transcript of the action taken.
Should you have any questions, please feel free to contact ine.
Yours very truly,
William J. Noth
WJN:dc
encl.
cc: Jenny Larson (w/encl.)
Barry Lindahl (w/encl.)
Tionna Pooler (w/encl.)
DCORNfLlJ631389.1 /MSWord\10422.092
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Dubuque, Iowa.
Date of Meeting: October 5, 2009.
Time of Meeting: 6:30 o'clock P.M.
Place of Meeting: Historic Federal Building, 350 West 6th Street, Dubuque,
Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body will meet at the date, time and place above set out. The tentative agenda for said
meeting is as follows: .
$2,935,000 General Obligation Bonds, Series 2009A
$11,175,000 General Obligation Urban Renewal Bonds, Series 20096
$9,500,000 General Obligation Refunding Bonds, Series 2009C
X Resolutions directing sale.
Such additional matters as are set forth on the additional 11 page(s) attached hereto.
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
,~
ity Clerk, Dubuque, Iowa
-1-
2009
The Finance Director of Dubuque, Iowa, met in the office of the Finance Director,
City Hall, Dubuque, Iowa, at o'clock _.M., on the above date, to open sealed
bids received, access facsimile bids and electronic bids and to refer the sale of the
Bonds to the best and most favorable bidders for cash, subject to approval by the City
Council at o'clock .IVI. on the above date.
The following persons were present:
Absent:
********
m2®
This being the time and place for the opening of bids for the sale of $2,935,000
General Obligation Bonds, Series 2009A, the meeting was opened for the receipt of
bids for the Bonds. The following actions were taken:
1. Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidders:
None
2. The Finance Officer then declared the time for filing of sealed bids to be closed
and that the sealed bids be opened. The sealed bids were opened and
announced.
3. Electronic bids received were accessed and announced as follows:
Name & Address of Bidders:
Wells Fargo Advisors - St. Louis, Missouri
Wells Fargo Brokerage Services, LLC -Minneapolis, Minnesota
Northland Securities, Inc. -Minneapolis, Minnesota
Morgan Keegan & Co., Inc. -Memphis, Tennessee
4. The best bid was determined to be as follows:
Name & Address of Bidder: Wells Fargo Advisors - St. Louis, Missouri
Wells Fargo Brokerage Services, LLC -Minneapolis, Minnesota
Principal Amount: $2,935,000.00
True Interest Cost: $1,108,063.57
True Interest Rate: 3.2912%
All bids were then referred to the Council for action in accordance with the Notice
of Sale.
-3-
This being the time and place for the opening of bids for the sale of $11,175,000
General Obligation Urban Renewal Bonds, Series 2009B, the meeting was opened for
the receipt of bids for the Bonds. The following actions were taken:
1. Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidders:
None
2. The Finance Officer then declared the time for filing of sealed bids to be closed
and that the sealed bids be opened. The sealed bids were opened and
announced.
3. Electronic bids received were accessed and announced as follows:
Name & Address of Bidders:
Robert W. Baird ~ Co., Inc. -Milwaukee, Wisconsin
C.L. King & Associates -New York, New York
Coastal Securities -Houston, Texas
Loop Capital Markets, LLC -New York, New York
Kildare Capital -Philadelphia, Pennsylvania
Samco Capital Markets, Inc. -Houston, Texas
Country Club Bank, N.A. -Kansas City, Missouri
Cronin & Co., Inc. -Minneapolis, Minnesota
Isaak Bond Investments, Inc: -Denver, Colorado
Charles Schwab ~ Co. -San Francisco, California
Bernardi Securities, Inc. -Chicago, Illinois
M & I Bank -Milwaukee, Wisconsin
Edward D. Jones ~ Co. - St. Louis, Missouri
UMB Bank, n.a. -Kansas City, Missouri
Stifel Nicolaus ~ Co., Inc. -Minneapolis, Minnesota
Wells Fargo Advisors - St Louis, Missouri
Wells Fargo Brokerage Services, LLC -Minneapolis, Minnesota
FTN Financial Capaital Markets -Memphis, Tennessee
Morgan Keegan & Co., Inc. -Memphis, Tennessee
-4-
4. The best bid was determined to be as follows:
Name ~ Address of Bidder:
Robert W. Baird & Co., Inc. -Milwaukee, Wisconsin
C.L. King & Associates -New York, New York
Coastal Securities -Houston, Texas
Loop Capital Markets, LLC -New York, New York
Kildare Capital -Philadelphia, Pennsylvania
Samco Capital Markets, Inc. -Houston, Texas
Country Club Bank, N.A. -Kansas City, Missouri
Cronin & Co., Inc. -Minneapolis, Minnesota
Isaak Bond Investments, Inc. -Denver, Colorado
Charles Schwab & Co. -San Francisco, California
Bernardi Securities, Inc. -Chicago, Illinois
M & I Bank -Milwaukee, Wisconsin
Edward D. Jones & Co. - St. Louis, Missouri
UMB Bank, n.a. -Kansas City, Missouri
Principal Amount: $11,175,000.00
True Interest Cost: $4,190,734.38
True Interest Rate: 3.2325%
All bids were then referred to the Council for action in accordance with the Notice
of Sale.
-5-
This being the time and place for the opening of bids for the sale of $9,500,000
General Obligation Refunding Bonds, Series 2009C, the meeting was opened for the
receipt of bids for the Bonds. The following actions were taken:
Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidde
None
2. The Finance Officer then declared the time for filing of sealed bids to be closed
and that the sealed bids be opened. The sealed bids were opened and
announced.
3. Electronic bids received were accessed and announced as follows:
Name ~ Address of Bidders:
Piper Jaffray & Co. -Leawood, Kansas
Robert W. Baird & Co., Inc. -Milwaukee, Wisconsin
C.L. King & Associates -New York, New York
Coastal Securities -Houston, Texas
Loop Capital Markets, LLC -New York, New York
Kildare Capital -Philadelphia, Pennsylvania
Samco Capital Markets, Inc. -Houston, Texas
Country Club Bank, N.A. -Kansas City, Missouri
Cronin ~ Co., Inc. -Minneapolis, Minnesota
Isaak Bond Investments, Inc. -Denver, Colorado
Charles Schwab & Co. -San Francisco, California
M & I Bank -Milwaukee, Wisconsin
Edward D. Jones & Co. - St. Louis, Missouri
UMB Bank, n.a. -Kansas City, Missouri
Northern Trust -Chicago, Illinois
Suntrust Robinson Humphrey -Atlanta, Georgie
First Trust Portfolios, L.P. -Chicago, Illinois
Stephens, Inc. -Little rock, Arkansas
4. The best bid was determined to be as follows:
Name ~ Address of Bidder: Piper Jaffray & Co. -Leawood, Kansas
Principal Amount: $9,500,000
True Interest Cost: $1,663,007.19
True Interest Rate: 2.6456%
All bids were then referred to the Council for action in accordance with the Notice
of Sale.
®6-
October 6, 2009
The City Council of Dubuque, Iowa, met in regular session, in the Historic
Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 o'clock P.M., on the
above date. There were present Mayor Roy D. Buol in the chair, and the following
named Council Members:
Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick,
Dirk Voetberg
Absent: None
*~*~~~
-7-
Council Member Jones introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF GENERAL OBLIGATION BONDS, SERIES
2009A" and moved its adoption. Council Member Voetberg seconded the motion fo
adopt. The roll was called and the vote was,
AYES: Braig, Buol, Connors, Jones, Lynch, Resnick, Voetberg
NAYS: None
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 398-09
RESOLUTION DIRECTING SALE OF GENERAL
OBLIGATION BONDS, SERIES 2009A
WHEREAS, pursuant to notice as required by law, bids have been received at
public sale for the Bonds described as follows and the best bid received is determined
to be the following:
GENERAL OBLIGATION BONDS, SERIES 2009A:
Bidder: Wells Fargo Advisors of St. Louis, Missouri
Wells Fargo Brokerage Services, LLC -Minneapolis, Minnesota
the terms of said bid being:
Purchase Price: $2,905,650.00
Principal Amount: $2,935,000.00
True Interest Rate: 3.291
True Interest Cost: $1,108,063.57
-~-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the bid for the Series 2009A Bonds as above set out is hereby
determined to be the best and most favorable bid received and, said Series 2009A
Bonds are hereby awarded based on said bid.
Section 2. That the form of contract for the sale of said Series 2009A Bonds is
hereby approved and the Mayor and City Clerk are authorized to execute and attest the
same on behalf of the City.
Section 3. That the notice of the sale of the Series 2009A Bonds heretofore
given and all acts of the City Clerk and Finance Officer done in furtherance of the sale
of said Series 2009A Bonds are hereby ratified and approved.
PASSED AND APPROVED, this 5t"day ~f October, 2009.
Mayor
ATTEST:
ity Clerk
ag_
Council Member Jones introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF GENERAL OBLIGATION URBAN RENEWAL
BONDS, SERIES 20096" and moved its adoption. Council Member Voetberg seconded
the motion to adopt. The roll was called and the vote was,
AYES: Braig, Buol, Connors, Jones, Lynch, Resnick, Voetberg
NAYS: None
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 399-09
RESOLUTION DIRECTING SALE OF GENERAL
OBLIGATION URBAN RENEWAL BONDS, SERIES 20096
WHEREAS, pursuant to notice as required by law, bids have been received at
public sale for the Bonds described as follows and the best bid received is determined
to be the following:
GENERAL OBLIGATION URBAN RENEWAL BONDS, SERIES 20096:
Bidder: Robert W. Baird & Co., Inc. of Milwaukee, Wisconsin, et al
the terms of said bid being:
Purchase Price: $11,092,136.40
Principal Amount: $11,175,000.00
True Interest Rate: 3.2325%
True Interest Cost: $4,190,734.33
-10-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the bid for the Series 20096 Bonds as above set out is hereby
determined to be the best and most favorable bid received and, said Series 20098
Bonds are hereby awarded based on said bid.
Section 2. That the form of contract for the sale of said Series 20096 Bonds is
hereby approved and the Mayor and City Clerk are authorized to execute and attest the
same on behalf of the City.
Section 3. That the notice of the sale of the Series 20098 Bonds heretofore
given and all acts of the City Clerk and Finance Officer done in furtherance of the sale
of said Series 20096 Bonds are hereby ratified and approved.
PASSED AND APPROVED, this 5t" da~"r of October, 2009.
~~1
Mayor
ATTEST:
f~ ~
~~~~~ r
ity Clerk
-10-
Council Member Jones introduced the following Resolution entitled
"RESOLUTION DIRECTING SALE OF GENERAL OBLIGATION REFUNDING BONDS,
SERIES 2009C" and moved its adoption. Council Member Voetberg seconded the
motion to adopt. The roll was called and the vote was,
AYES: Braig, Buol, Connors, Jones, Lynch, Resnick, Voetberg
NAYS: None
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 400-09
RESOLUTION DIRECTING SALE OF GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2009C
WHEREAS, pursuant to notice as required by law, bids have been received at
public sale for the Bonds described as follows and the best bid received is determined
to be the following:
GENERAL OBLIGATION REFUNDING BONDS, SERIES 2009C:
Bidder: Piper Jaffray & Co. of Leawood, Kansas
the terms of said bid being:
Purchase Price: $9,439,795.62
Principal Amount: $8,885,000.00
True Interest Rate: 2.6592%
True Interest Cost: $1,581,869.17
-12-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. That the bid for the Series 2009C Bonds as above set out is hereby
determined to be the best and most favorable bid received and, said Series 2009C
Bonds are hereby awarded based on said bid.
Section 2. That the form of contract for the sale of said Series 2009C Bonds is
hereby approved and the Mayor and City Clerk are authorized to execute and attest the
same on behalf of the City.
Section 3. That the notice of the sale of the Series 2009C Bonds heretofore
given and all acts of the City Clerk and Finance Officer done in furtherance of the sale
of said Series 2009C Bonds are hereby ratified and approved.
PASSED AND APPROVED, this 5th day of October, 2009.
Mayor
ATTEST:
ity Clerk
-12-
CI-
CERTIFICATE
STATE OF IOWA )
SS
COUNTY OF DUBUQUE )
I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the meeting held on the date
indicated in the attachment, which proceedings remain in full force and effect, and have
not been amended or rescinded in any way; that meeting and all action thereat was duly
and publicly held in accordance with a notice of meeting and tentative agenda, a copy of
which was timely served on each member of the Council and posted on a bulletin board
or other prominent place easily accessible to the public and clearly designated for that
purpose at the principal office of the Council (a copy of the face sheet of said agenda
being attached hereto) pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by said
law and with members of the public present in attendance; I further certify that the
individuals named therein were on the date thereof duly and lawfully possessed of their
respective city offices as indicated therein, that no Council vacancy existed except as
may be stated in said proceedings, and that no controversy or litigation is pending,
prayed or threatened involving the incorporation, organization, existence or boundaries
of the City or the right of the individuals named therein as officers to their respective
positions.
WITNESS my hand and the seal of said Municipality hereto affixed this 6t" day of
October, 2009.
pity Clerk, Dubuque, Iowa
SEAL
DCORNELL/ 631374.1- /MSWord\10422.092
-14-
Council Member Jones introduced the following Resolution entitled
"RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION BONDS, SERIES 2001, DATED DECEMBER 15, 2001, AND THE
GENERAL OBLIGATION BONDS, SERIES 2002, DATED DECEMBER 15, 2001, OF
THE CITY OF DUBUQUE, IOWA, AND DIRECTING NOTICE OF REDEMPTION," and
moved its adoption. Council Member Voetberg seconded the motion to adopt. The roll
was called and the vote was,
AYES: Braig, Buol, Connors, Jones, Lynch, Resnick, Voetberg
NAYS: None
Whereupon, the Mayor declared the resolution duly adopted as follows:
RESOLUTION NO. 401-09
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING
GENERAL OBLIGATION BONDS, SERIES 2001, DATED DECEMBER
15, 2001, AND THE GENERAL OBLIGATION BONDS, SERIES 2002,
DATED DECEMBER 15, 2001, OF THE CITY OF DUBUQUE, IOWA,
AND DIRECTING NOTICE OF REDEMPTION
WHEREAS, the City did by Resolution No. 537-01 approved on December 17,
2001, authorize the issuance of $9,500,000 General Obligation Bonds, Series 2001,
dated December 15, 2001 (the "Series 2001 Bonds"); and
WHEREAS, the City did by Resolution No. 540-01 approved December 17, 2001,
authorize the issuance of $2,860,000 General Obligation Bonds, Series 2002, dated
December 15, 2001 (the "Series 2002 Bonds"); and
WHEREAS, the Series 2001 Bonds and the Series 2002 Bonds maturing after
June 1, 2009 are redeemable in any order of maturity upon giving notice in the manner
provided in the resolutions authorizing the issuance of the Series 2001 Bonds and the
Series 2002 Bonds; and
WHEREAS, it is deemed necessary and advisable that all of the Series 2001
Bonds and the Series 2002 Bonds be so redeemed and notices of redemption be given.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA:
Section 1. The outstanding General Obligation Bonds, Series 2001, dated
December 15, 2001, maturing after June 1, 2009 in the principal amount of $7,325,000,
shall be redeemed on November 11, 2009.
-3-
Section 2. The outstanding General Obligation Bonds, Series 2002, dated
December 15, 2001, maturing after June 1, 2009 in the principal amount of $2,080,000,
shall be redeemed on November 11, 2009.
Wells Fargo Bank, N.A., as Registrar and Paying Agent for the Series 2001
Bonds and the Series 200.2 Bonds, is hereby authorized and directed to cause notices
of such redemption to be given not less than thirty (30) days prior to the redemption
date.
Section 2. The Finance Officer is hereby authorized and directed to cause to be
deposited with Wells Fargo Bank, N.A., from the proceeds of the General Obligation
Refunding Bonds, Series 2009C, an amount sufficient to pay all principal and interest on
the redeemed Series 2001 Bonds and the Series 2002 Bonds to the date of redemption.
Section 3. That the form of such notices be substantially as follows:
-4-
NOTICE OF THE CALL OF BONDS FOR REDEMPTION
TO THE HOLDERS OF THE FOLLOWING DESCRIBED BONDS:
Please take notice that the Bonds described below have been called for
redemption. Owners of the Bonds should present their Bonds for payment on the
Redemption Date.
Issuer: City of Dubuque, Iowa
riginal Issue AtYa®ur~t: $9,500,000
B®nd Issue: General Obligation Bonds, Series 2001
®ated ®ate: December 15, 2001
Rederrapti®n ®ate: November 11, 2009
Redernpti®n Price: Par, plus accrued interest
Bonds Called for Redemption
Principal Interest Maturity
Amount Rate Date
$530,000 4.125% June 1, 2010
545,000 4.250 June 1, 2011
560,000 4.350 June 1, 2012
560,000 4.450 June 1, 2013
550,000 4.550 June 1, 2014
575,000 4.600 June 1, 2015
590,000 4.700 June 1, 2016
620,000 4.750 June 1, 2017
650,000 4.750 June 1, 2018
680,000 4.800 June 1, 2019
715,000 4.875 June 1, 2020
750,000 4.900 June 1, 2021
CUSIP
Numbers
263867 QA4
263867 QB2
263867 QCO
263867 QD8
263867 QE6
263867 QF3
263867 QG 1
263867 QH9
263867 QJ5
263867 QK2
263867 QLO
263867 QM8
No representation is made as to the accuracy of the CUSIP numbers printed
herein or on the Bonds.
-5-
The above Bonds should be presented to Wells Fargo Bank, N.A., 666 Walnut
Street, Des Moines, Iowa 50309, telephone (515/245-8504). This represents a full call
of the outstanding obligations. All interest will cease to accrue on the Redemption Date.
Wells Fargo Bank, National Association
(End of Notice)
-6-
NOTICE OF THE CALL OF BONDS FOR REDEMPTION
TO THE HOLDERS OF THE FOLLOWING DESCRIBED BONDS:
Please take notice that the Bonds described below have been called for
redemption. Owners of the Bonds should present their Bonds for payment on the
Redemption Date.
6ssuer: City of Dubuque, Iowa
rigirta9 Issue Amount: $2,860,000
®rad Issue: General Obligation Bonds, Series 2002
ated ®ate: December 15, 2001
Redemption ®ate: November 11, 2009
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
Principal Interest Maturity CUSIP
Amount Rate Date Numbers
$130,000 4.20% June 1, 2010 263867 QUO
135,000 4.30 June 1, 2011 263867 QV8
140,000 4.45 June 1, 2012 263867 QW6
145,000 4.50 June 1, 2013 263867 QX4
160,000 4.55 June 1, 2014 263867 QY2
170,000 4.60 June 1, 2015 263867 QZ9
175,000 4.70 June 1, 2016 263867 RA3
185,000 4.75 June 1, 2017 263867 RB1
195,000 4.80 June 1, 2018 263867 RC9
205,000 4.85 June 1, 2019 263867 RD7
215,000 4.90 June 1, 2020 263867 RE5
225,000 4.95 June 1, 2021 263867 RF2
-7-
No representation is made as to the accuracy of the CUSIP numbers printed
herein or on the Bonds.
The above Bonds should be presented to Wells Fargo Bank, N.A., 666 Walnut
Street, Des Moines, Iowa 50309, telephone (515/245-8504). This represents a full call
of the outstanding obligations. All interest will cease to accrue on the Redemption Date.
Wells Fargo Bank, National Association
(End of Notice)
_g®
PASSED AND APPROVED this 5t"day of October, 2009.
e?
Ma
ATTEST:
,. . ~ ~~ ~
City Clerk
-9-
CIS®3
CERTIFICATE
STATE OF IOWA )
SS
COUNTY OF DUBUQUE )
I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the meeting held on the date
indicated in the attachment, which proceedings remain in full force and effect, and have
not been amended or. rescinded in any way; that meeting and all action thereat was duly
and publicly held in accordance with a notice of meeting and tentative agenda, a copy of
which was timely served on each member of the Council and posted on a bulletin board
or other prominent place easily accessible to the public and clearly designated for that
purpose at the principal office of the Council (a copy of the face sheet of said agenda
being attached hereto) pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by said
law and with members of the public present in attendance; I further certify that the
individuals named therein were on the date thereof duly and lawfully possessed of their
respective city offices as indicated therein, that no Council vacancy existed except as
may be stated in said proceedings, and that no controversy or litigation is pending,
prayed or threatened involving the incorporation, organization, existence or boundaries
of the City or the right of the individuals named therein as officers to their respective
positions.
WITNESS my hand and the seal of said Municipality hereto affixed this 6t" day of
October, 2009.
i
pity Clerk, Dubuque, Iowa
SEAL
DCORNELL/ 631384.1 /MSWord\10422.092
-10-
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Dubuque, Iowa.
Date of Meeting: October 5, 2009.
Time of Meeting: 6:30 o'clock P.M.
Place of Meeting: Historic Federal Building, 350 West 6th Street, Dubuque,
Iowa.
X Resolution Authorizing the Redemption of Outstanding General Obligation
Bonds, Series 2001, dated December 15, 2001, and the General
Obligation Bonds, Series 2002, dated December 15, 2001
Such additional matters as are set forth on the additional 11 page(s) attached hereto.
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
City Clerk, Dubuque, Iowa
_1_
October 6, 2009
The City Council of Dubuque, Iowa, met in regular session, in the Historic
Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 o'clock P.M., on the
above date. There were present Mayor Roy D. Buol in the chair, and the following
named Council Members:
Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick,
Dirk Voetberg
Absent: None
®2e