Sale of $29,395,000 Tax Exempt General Obligation Bonds, Series 2021A and $12,495,000 Taxable General Obligation Bonds, Series 2021BCopyrighted
May 3, 2021
City of Dubuque Action Items # 4.
City Council Meeting
ITEM TITLE: Proceedings for Directing Sale of $29,395,000 Tax Exempt General
Obligation Bonds, Series 2021A and $12,495,000 Taxable General
Obligation Bonds, Series 2021 B and Awarding Bonds to Best Bidder
SUMMARY: City Manager recommending City Council approval of the suggested
proceedings for directing sale of the $29,395,000 Tax Exempt General
Obligation Bonds, Series 2021 A and $12,495,000 Taxable General
Obligation Bonds, Series 2021 B and awarding bonds to the best bidder.
RESOLUTION Directing sale of $29,395,000* (subject to adjustment per
terms of offering) General Obligation Bonds, Series 2021A
RESOLUTION Directing Sale of $12,945,000* (subject to adjustment
per terms of offering) Taxable General Obligation Bonds, Series 2021 B
RESOLUTION Authorizing the Redemption of Outstanding General
Obligation Urban Renewal Bonds, Series 2012A, of the City of
Dubuque, State of Iowa, dated March 15, 2012, and directing notice be
given
RESOLUTION Authorizing the Redemption of Outstanding General
Obligation Bonds, Series 2012B, of the City of Dubuque, State of Iowa,
dated March 15, 2012, and directing notice be given
RESOLUTION Authorizing the Redemption of Outstanding General
Obligation Bonds, Series 2012E, of the City of Dubuque, State of Iowa,
Dated December 10, 2012, and directing notice be given
RESOLUTION Authorizing the Redemption of Outstanding General
Obligation Urban Renewal Bonds, Series 2012H, of the City of
Dubuque, State of Iowa, dated December 10, 2012, and directing notice
be given
RESOLUTION Authorizing the Redemption of Outstanding Taxable
General Obligation Bonds, Series 2012C, of the City of Dubuque, State
of Iowa, dated June 28, 2012, and directing notice be given
RESOLUTION Authorizing the Redemption of Outstanding Taxable
General Obligation Bonds, Series 2012F, of the City of Dubuque, State
of Iowa, dated December 10, 2012, and directing notice be given
RESOLUTION Authorizing the Redemption of Outstanding General
Obligation Capital Loan Notes, Series 201413, of the City of Dubuque,
State of Iowa, dated December 8, 2014, and directing notice be given
RESOLUTION Authorizing the Redemption of Outstanding Taxable
General Obligation Capital Loan Notes, Series 2014C, of the City of
Dubuque, State of Iowa, dated December8, 2014, and directing notice
be given
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description
Type
MVM Memo
City Manager Memo
Staff Memo
Staff Memo
Bond Counsel Letter
Supporting Documentation
Series 2021A Resolution
Resolutions
Series 2021 B Resolution
Resolutions
Series 2012A Redemption Resolution
Resolutions
Series 2012B Redemption Resolution
Resolutions
Series 2012E Redemption Resolution
Resolutions
Series 2012H Redemption Resolution
Resolutions
Series 2012C Redemption Resolution
Resolutions
Series 2012F Redemption Resolution
Resolutions
Series 2014B Redemption Resolution
Resolutions
Series 2014C Redemption Resolution
Resolutions
THE C
Dubuque
DUUB-.'&--FE
All-AmericaCity
. ti ��,
Masterpiece on the Mississippi
12-2013
2017*2019
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Proceedings for Directing Sale of $29,395,000 Tax Exempt General
Obligation Bonds, Series 2021A and $12,495,000 Taxable General
Obligation Bonds, Series 2021 B and Awarding Bonds to Best Bidder
DATE: April 26, 2021
Director of Finance and Budget Jennifer Larson recommends City Council Approval of
the suggested proceedings for directing sale of the $29,395,000 Tax Exempt General
Obligation Bonds, Series 2021A and $12,495,000 Taxable General Obligation Bonds,
Series 2021 B and awarding bonds to the best bidder.
The bond sale will be held on May 3, 2021 at 10:00 a.m. The results will be brought to
the May 3rd City Council meeting. A letter from attorney Kristin Billingsley Cooper
detailing information on the bond sale proceedings is enclosed.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
. /� k�4 ZA-:�4�
Michael C. Van Milligen
JML
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Cassie Ross, Assistant Director of Finance
THE C
Dubuque
DUUB-.'&--FE
All-AmericaCity
. ti ��,
Masterpiece on the Mississippi
12-2013
2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Director of Finance and Budget
SUBJECT: Proceedings for Directing Sale of $29,395,000 Tax Exempt General
Obligation Bonds, Series 2021A and $12,495,000 Taxable General
Obligation Bonds, Series 2021 B and Awarding Bonds to Best Bidder
DATE: April 26, 2021
DISCUSSION
The purpose of this memorandum is to recommend directing sale of the $29,395,000
Tax Exempt General Obligation Bonds, Series 2021A and $12,495,000 Taxable
General Obligation Bonds, Series 2021 B and awarding bonds to the best bidder.
The bond sale will be held on May 3, 2021 at 10:00 a.m. The results will be brought to
the May 3rd City Council meeting. A letter from attorney Kristin Billingsley Cooper
detailing information on the bond sale proceedings is enclosed.
RECOMMENDATION
I respectfully recommend the adoption of the enclosed resolutions to award the sale of
the bonds and redemption of the refunded bonds.
JML
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Cassie Ross, Assistant Director of Finance
Ahlers & Cooney, P.C.
Attorneys at Law
AHLERS COONEY
100 Court Avenue, Suite 600
A T T 0 R N E Y 5 Des Moines, Iowa 50309-2231
Phone: 515-243-7611
Fax: 515-243-2149
www.ahlerslaw.com
April 26, 2021
VIA E-MAIL
Ms. Jenny Larson
Director of Finance & Budget
City of Dubuque
50 West 13th Street
Dubuque, Iowa 52001
Kristin B. Cooper
515.246.0330
kcooper@ahlerslaw.com
RE: Dubuque, Iowa - $29,395,000* (Subject to Adjustment Pursuant to Terms of
Offering) General Obligation Bonds, Series 2021A; and $12,945,000* (Subject to
Adjustment Pursuant to Terms of Offering) Taxable General Obligation Bonds,
Series 2021B
Dear Jenny:
We have now prepared procedures for the sale date (May 3, 2021) covering minutes of
the reception of bids at 10:00 A.M. and the form of resolutions awarding the Bonds to the best
bidder. Sealed bids for the above -referenced Bonds should be received and listed in the minutes.
Any bids received by fax should be sealed in an envelope and opened with the sealed bids. After
a final call for sealed bids, the bids should then be opened and the best bid recorded. Only sealed
bids are permitted by the terms of sale. No oral bids should be considered. Once any sealed bids
have been first opened, the PARITY® electronic bid system can be accessed and the best such
bid noted. All bids should then be referred to the Council for award of the Bonds at the 6:30
P.M. meeting.
We have also prepared proceedings to be adopted by the Council calling:
• $2,665,000 General Obligation Urban Renewal Bonds, Series 2012A
• $4,515,000 General Obligation Bonds, Series 2012B
• $1,965,000 General Obligation Bonds, Series 2012E
• $1,410,000 General Obligation Urban Renewal Bonds, Series 2012H
• $14,820,000 General Obligation Bonds, Series 2014B
• $4,465,000 Taxable General Obligation Bonds, Series 2012C
• $140,000 Taxable General Obligation Bonds, Series 2012F
• $6,885,000 Taxable General Obligation Capital Loan Notes, Series 2014C
WISHARD & BAILY - 1888; GUERNSEY & BAILY - 1893; BAILY & STIPP - 1901; STIPP, PERRY, BANNISTER & STARZINGER - 1914; BANNISTER, CARPENTER,
AHLERS & COONEY - 1950; AHLERS, COONEY, DORWEILER, ALLBEE, HAYNIE & SMITH - 1974; AHLERS, COONEY, DORWEILER, HAYNIE, SMITH & ALLBEE, P.C. - 1990
April 26, 2021
Page 2
These Resolutions should be adopted only after proposals are accepted for the sale
of the 2021 General Obligation Bonds. According to the provisions of the resolutions
authorizing issuance of the refunded Bonds/Notes, notice must be given at least thirty (30) days
prior to the redemption date. Wells Fargo, N.A., as the Registrar and Paying Agent, is
responsible for sending the redemption notices. The Refunded Bonds will be called on June 4,
2021 and the Notices of Call must be sent by May 4, 2021.
Wells Fargo, N.A. should also send a copy of the Notices to the purchasers of record, and
by e-mail to The Depository Trust Company at "redemptionnotification@dtcc.com".
Finally, the Municipal Securities Rulemaking Board should be notified by sending the
Notice in searchable PDF format to the Electronic Municipal Market Access website a.k.a.
"EMMA" (emma.msrb.org) and click on 'Emma Dataport".
Please print out and mail back original copies to my attention as well as an electronic
scan. If any questions arise, please do not hesitate to contact me.
Very truly yours,
Ahlers & Cooney, P.C.
Kristin Billingsley Cooper
FOR THE FIRM
KBC:seb
Enclosures
cc: Adrienne N. Breitfelder, City of Dubuque (via e-mail w/enc.)
Trish Gleason, City of Dubuque (via e-mail w/enc.)
Tionna Pooler, Independent Public Advisors (via e-mail w/enc.)
Scott Brown, Wells Fargo, N.A. (via e-mail w/enc.)
01864415-1\10422-209
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
$29,395,000* (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series
2021A
• Receipt of bids.
• ∙ Resolu Resolution directing sale.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The Director of Finance & Budget of the City of Dubuque, State of Iowa, met in City
Hall, 50 West 13th Street, Dubuque, Iowa 52001, at 10:00 A.M., on the above date, to access
electronic bids, open sealed bids, and to refer the sale of the Bonds to the best and most favorable
bidder for cash, subject to approval by the City Council at 6:30 P.M. on the above date. The
following persons were present:
Tionna Pooler, President, Independent Public Advisors
Jennifer Larson, Director of Finance and Budget
________________________________________________
* * * * * * * *
- 2 -
This being the time and place for the opening of bids for the sale of $29,395,000*
(Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series 2021A, 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:
(Attach List of Bidders)
2. The Director of Finance & Budget 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:
(Attach List of Bidders)
4. The best bid was determined to be as follows:
Name & Address of Bidder: FHN Financial Capital Markets / New York, NY
True Interest Rate (as-bid): 1.362773%
Net Interest Cost (as-bid): $2,995,411.16
In consultation with Independent Public Advisors, LLC, the City considered the
adjustment of the aggregate principal amount of the Bonds and each scheduled maturity thereof
in accordance with the Terms of Offering and the following actions were taken:
Final Par Amount as adjusted: $29,395,000.00
Purchase Price as adjusted: $30,648,255.78
All bids were then referred to the Council for action.
Page | 1 of 1
CITY OF DUBUQUE, IOWA TABULATION OF BIDS
$29,395,0001 General Obligation Bonds, Series 2021A
$12,945,0002 Taxable General Obligation Bonds, Series 2021B
1 Following the receipt of bids, the par amount was revised to $27,995,000, the purchase price was revised to $29,191,185.18, the net interest was revised to $2,853,359.55, and the true interest cost was revised to 1.367618%. 2 Following the receipt of bids, the par amount was revised to $12,535,000, the purchase price was revised to $12,846,797.79, the net interest was revised to $1,458,205.82, and the true interest cost was revised to 1.620137%.
Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost
FHN Financial Capital Markets New York, NY $30,648,255.78 $2,955,411.16 1.362773%
Morgan Stanley & Co. LLC New York, NY Wiley Brother-Aintree Capital, LLC
Raymond James & Associates, Inc. St. Petersberg, FL Ziegler
Ramirez & Co. Inc New York, NY Advisors Asset Management
UBS Financial Services Inc. Weehawken, NJ Benchmark Securities
Nashville, TN
Chicago, IL
Tacoma, WA
Winter Park, FL
Huntington Securities, Inc Chicago, IL 30,646,399.06 2,995,805.92 1.380395%
Robert W. Baird Red Bank, NJ 30,561,738.86 3,063,587.34 1.414938%
KeyBanc Capital Markets Cleveland, OH 32,222,594.89 3,485,405.53 1.549245%
J.P. Morgan Securities LLC New York, NY 32,124,666.92 3,583,333.50 1.596305%
Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost
UMB Bank N.A. Kansas City, MO $13,264,961.24 $1,511,319.59 1.623106%
Piper Sandler & Co. Chicago, IL 12,888,642.85 1,507,581.46 1.640380%
The Baker Group Oklahoma City, OK 12,955,891.01 1,540,238.02 1.674422%
Northland Securities, Inc. Minneapolis, MN 12,860,912.60 1,538,809.90 1.675926%
BOK Financial Securities, Inc. Dallas, TX 12,985,217.55 1,568,146.73 1.703982%
Robert W. Baird & Co., Inc. Milwaukee, WI 12,964,157.86 1,616,650.23 1.757789%
Raymond James & Associates, Inc. Memphis, TN 12,893,018.24 1,658,344.10 1.805943%
KeyBanc Capital Markets Cleveland, OH 12,865,136.50 1,752,360.98 1.908197%
Morgan Stanley & Co, LLC New York, NY 12,845,388.22 1,843,405.59 2.011380%
- 3 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met via electronic means, an in-
person meeting being impossible or impractical due to the COVID-19 pandemic, at 6:30 P.M.,
on the above date. There were present Mayor Roy D. Buol, in the chair, and the following
named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 4 -
Council Member Resnick introduced the following Resolution entitled "RESOLUTION
DIRECTING SALE OF $29,395,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) GENERAL OBLIGATION BONDS, SERIES 2021A," and moved its adoption.
Council Member Jones seconded the motion to adopt. The roll was called and the vote was,
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the following Resolution duly adopted:
Resolution No. 144-21
RESOLUTION DIRECTING SALE OF $29,395,000* (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) GENERAL
OBLIGATION BONDS, SERIES 2021A
WHEREAS, bids have been received for the Bonds described as follows and the best bid
received (with permitted adjustments, if any) is determined to be the following:
$29,395,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) GENERAL OBLIGATION BONDS, SERIES 2021A
Bidder: FHN Financial Capital Markets of New York, NY
The terms of award:
Final Par Amount as adjusted: $29,395,000.00
Purchase Price as adjusted: $30,648,255.78
True Interest Rate: 1.362773%
Net Interest Cost: $2,995,411.16
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That the bid for the Bonds as above set out is hereby determined to be the best
and most favorable bid received and, the Bonds are hereby awarded as described above.
Section 2. That the statement of information for Bond bidders and the form of contract
for the sale of the Bonds are hereby approved and the Mayor and Clerk are authorized to execute
the same on behalf of the City.
City of Dubuque
Series 2021A Comparison
Tax Exempt
Ankeny Aa1 Dubuque Aa3 Dubuque (Aa3) compared to
Maturity MMD Yields (+/-) MMD Yields (+/-) MMD Ankeny (Aa1)
2022 0.09%0.09%+0.00%0.20%+0.11%+0.11%
2023 0.11%0.11%+0.00%0.24%+0.13%+0.13%
2024 0.21%0.21%+0.00%0.35%+0.14%+0.14%
2025 0.33%0.34%+0.01%0.50%+0.17%+0.16%
2026 0.45%0.47%+0.02%0.65%+0.20%+0.18%
2027 0.57%0.62%+0.05%0.79%+0.22%+0.17%
2028 0.70%0.76%+0.06%0.95%+0.25%+0.19%
2029 0.83%0.90%+0.07%1.15%+0.32%+0.25%
2030 0.93%1.00%+0.07%1.28%+0.35%+0.28%
2031 1.00%1.20%+0.20%1.40%+0.40%+0.20%
Hawkeye (Aa1)Dubuque Aa3 Dubuque (Aa3) compared to
Maturity Yields (+/-) MMD Yields (+/-) MMD Hawkeye (Aa1)
2022 0.18%+0.12%0.20%+0.11%-+0.01%
2023 0.24%+0.06%0.26%+0.15%+0.09%
2024 0.40%+0.04%0.43%+0.22%+0.18%
2025 0.35%-0.23%0.79%+0.45%+0.68%
2026 0.90%+0.02%0.95%+0.48%+0.46%
2027 1.15%-0.15%1.30%+0.68%+0.83%
2028 1.35%+0.05%1.40%+0.64%+0.59%
2029 1.50%+0.20%1.50%+0.60%+0.40%
2030 1.60%-0.02%1.60%+0.60%+0.62%
2031 1.75%+0.13%1.70%+0.50%+0.37%
Notes:
Ankeny, IA $25,045,000 General Obligation Bonds Sold May 3, 2021.
Dubuque, IA 27,995,000 General Obligation Bonds Sold May 3, 2021.
Hawkeye Community College $9,725,000 NJTC Sold April 27, 2021.
Prepared by Independent Public Advisors, LLC Page 1 of 1 Date:5/3/2021; Time: 5:37 PM
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
$12,945,000* (Subject to Adjustment per Terms of Offering) Taxable General Obligation Bonds,
Series 2021B
• Receipt of bids.
• ∙ Resolu Resolution directing sale.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The Director of Finance & Budget of the City of Dubuque, State of Iowa, met in City
Hall, 50 West 13th Street, Dubuque, Iowa 52001, at 10:00 A.M., on the above date, to access
electronic bids, open sealed bids, and to refer the sale of the Bonds to the best and most favorable
bidder for cash, subject to approval by the City Council at 6:30 P.M. on the above date.
The following persons were present:
Tionna Pooler, President, Independent Public Advisors
Jennifer Larson, Director of Finance and Budget
________________________________________________
* * * * * * * *
- 2 -
This being the time and place for the opening of bids for the sale of $12,945,000*
(Subject to Adjustment per Terms of Offering) Taxable General Obligation Bonds, Series
2021B, 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:
(Attach List of Bidders)
2. The Director of Finance & Budget 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:
(Attach List of Bidders)
4. The best bid was determined to be as follows:
Name & Address of Bidder: UMB Bank N.A. / Kansas City, MO
True Interest Rate (as-bid): 1.623106%
Net Interest Cost (as-bid): $1,511,319.59
In consultation with Independent Public Advisors, LLC, the City considered the
adjustment of the aggregate principal amount of the Bonds and each scheduled maturity thereof
in accordance with the Terms of Offering and the following actions were taken:
Final Par Amount as adjusted: $12,945,000.00
Purchase Price as adjusted: $13,264,961.24
All bids were then referred to the Council for action.
Page | 1 of 1
CITY OF DUBUQUE, IOWA TABULATION OF BIDS
$29,395,0001 General Obligation Bonds, Series 2021A
$12,945,0002 Taxable General Obligation Bonds, Series 2021B
1 Following the receipt of bids, the par amount was revised to $27,995,000, the purchase price was revised to $29,191,185.18, the net interest was revised to $2,853,359.55, and the true interest cost was revised to 1.367618%. 2 Following the receipt of bids, the par amount was revised to $12,535,000, the purchase price was revised to $12,846,797.79, the net interest was revised to $1,458,205.82, and the true interest cost was revised to 1.620137%.
Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost
FHN Financial Capital Markets New York, NY $30,648,255.78 $2,955,411.16 1.362773%
Morgan Stanley & Co. LLC New York, NY Wiley Brother-Aintree Capital, LLC
Raymond James & Associates, Inc. St. Petersberg, FL Ziegler
Ramirez & Co. Inc New York, NY Advisors Asset Management
UBS Financial Services Inc. Weehawken, NJ Benchmark Securities
Nashville, TN
Chicago, IL
Tacoma, WA
Winter Park, FL
Huntington Securities, Inc Chicago, IL 30,646,399.06 2,995,805.92 1.380395%
Robert W. Baird Red Bank, NJ 30,561,738.86 3,063,587.34 1.414938%
KeyBanc Capital Markets Cleveland, OH 32,222,594.89 3,485,405.53 1.549245%
J.P. Morgan Securities LLC New York, NY 32,124,666.92 3,583,333.50 1.596305%
Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost
UMB Bank N.A. Kansas City, MO $13,264,961.24 $1,511,319.59 1.623106%
Piper Sandler & Co. Chicago, IL 12,888,642.85 1,507,581.46 1.640380%
The Baker Group Oklahoma City, OK 12,955,891.01 1,540,238.02 1.674422%
Northland Securities, Inc. Minneapolis, MN 12,860,912.60 1,538,809.90 1.675926%
BOK Financial Securities, Inc. Dallas, TX 12,985,217.55 1,568,146.73 1.703982%
Robert W. Baird & Co., Inc. Milwaukee, WI 12,964,157.86 1,616,650.23 1.757789%
Raymond James & Associates, Inc. Memphis, TN 12,893,018.24 1,658,344.10 1.805943%
KeyBanc Capital Markets Cleveland, OH 12,865,136.50 1,752,360.98 1.908197%
Morgan Stanley & Co, LLC New York, NY 12,845,388.22 1,843,405.59 2.011380%
- 3 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met via electronic means, an in-
person meeting being impossible or impractical due to the COVID-19 pandemic, at 6:30 P.M.,
on the above date. There were present Mayor Roy D. Buol, in the chair, and the following
named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 4 -
Council Member Resnick introduced the following Resolution entitled "RESOLUTION
DIRECTING SALE OF $12,945,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) TAXABLE GENERAL OBLIGATION BONDS, SERIES 2021B," and moved its
adoption. Council Member Jones seconded the motion to adopt. The roll was called and the
vote was,
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the following Resolution duly adopted:
Resolution No. 145-21
RESOLUTION DIRECTING SALE OF $12,945,000* (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) TAXABLE
GENERAL OBLIGATION BONDS, SERIES 2021B
WHEREAS, bids have been received for the Bonds described as follows and the best bid
received (with permitted adjustments, if any) is determined to be the following:
$12,945,000* (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) TAXABLE GENERAL OBLIGATION BONDS,
SERIES 2021B
Bidder: UMB Bank N.A. of Kansas City, MO
The terms of award:
Final Par Amount as adjusted: $12,945,000.00
Purchase Price as adjusted: $ 13,264,961.24
True Interest Rate: 1.623106%
Net Interest Cost: $1,511,319.59
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That the bid for the Bonds as above set out is hereby determined to be the best
and most favorable bid received and, the Bonds are hereby awarded as described above.
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
General Obligation Urban Renewal Bonds, Series 2012A
• Resolution Authorizing the Redemption of Outstanding General Obligation Urban
Renewal Bonds, Series 2012A, dated March 15, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met via electronic means, an in-
person meeting being impossible or impractical due to the COVID-19 pandemic, at 6:30 P.M.,
on the above date. There were present Mayor Roy D. Buol, in the chair, and the following
named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION URBAN RENEWAL BONDS, SERIES 2012A, OF THE CITY OF DUBUQUE,
STATE OF IOWA, DATED MARCH 15, 2012, AND DIRECTING NOTICE BE GIVEN" and
moved its adoption. Council Member Jones seconded the motion to adopt. The roll was called,
and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 146-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION URBAN
RENEWAL BONDS, SERIES 2012A, OF THE CITY OF
DUBUQUE, STATE OF IOWA, DATED MARCH 15, 2012,
AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated February 20, 2012, authorize the issuance of
$4,380,000 General Obligation Urban Renewal Bonds, Series 2012A, (the "Bonds") dated March
15, 2012; and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2020
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $2,665,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
- 3 -
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Urban Renewal Bonds, dated March 15,
2012, in the principal amount of $2,665,000, be and the same are hereby redeemed as of June 4,
2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, is hereby authorized and
directed to cause notice of such redemption be given not less than thirty (30) days prior to the
redemption date and to cause notice of redemption to be mailed to the registered owners of the
Bonds by first class mail, and to notify DTC.
Section 3. The Finance Director is hereby authorized and directed to cause to be
deposited in a separate fund such sum that is sufficient to pay all principal and interest on the
redeemed Bonds to the date of redemption and to notify the City's dissemination agent to post
the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $4,380,000
Bond Issue: General Obligation Urban Renewal Bonds, Series 2012A
Dated Date: March 15, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 U43 9 $230,000 2.000% 2022
263867 U50 10 $240,000 2.125% 2023
263867 U68 11 $245,000 2.250% 2024
263867 U76 12 $250,000 2.375% 2025
263867 U84 13 $260,000 2.500% 2026
263867 U92 14 $270,000 2.500% 2027
263867 V26 15 $275,000 2.750% 2028
263867 V34 16 $285,000 3.000% 2029
263867 V42 17 $300,000 3.000% 2030
263867 V59 18 $310,000 3.000% 2031
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, Minneapolis, Minnesota.
This represents a full call of the outstanding obligations. All interest will cease to accrue on the
Redemption Date.
WELLS FARGO BANK, Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
General Obligation Bonds, Series 2012B
• Resolution Authorizing the Redemption of Outstanding General Obligation Bonds,
Series 2012B, dated March 15, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met via electronic means, an in-
person meeting being impossible or impractical due to the COVID-19 pandemic, at 6:30 P.M.,
on the above date. There were present Mayor Roy D. Buol, in the chair, and the following
named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION BONDS, SERIES 2012B, OF THE CITY OF DUBUQUE, STATE OF IOWA,
DATED MARCH 15, 2012, AND DIRECTING NOTICE BE GIVEN" and moved its adoption.
Council Member Jones seconded the motion to adopt. The roll was called, and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 147-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION BONDS, SERIES
2012B, OF THE CITY OF DUBUQUE, STATE OF IOWA,
DATED MARCH 15, 2012, AND DIRECTING NOTICE BE
GIVEN
WHEREAS, the City did by resolution dated February 20, 2021, authorize the issuance of
$7,495,000 General Obligation Bonds, Series 2012B, (the "Bonds") dated March 15, 2012; and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2020
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $4,515,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
- 3 -
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Bonds, dated March 15, 2012, in the
principal amount of $4,515,000, be and the same are hereby redeemed as of June 4, 2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Bonds by certified mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum that is sufficient to pay all principal and interest on
the redeemed Bonds to the date of redemption and to notify the City's dissemination agent to
post the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for
the refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $7,495,000
Bond Issue: General Obligation Bonds, Series 2012B
Dated Date: March 15, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 W74 10 $395,000 2.250% 2022
263867 W82 11 $400,000 2.250% 2023
263867 W90 12 $415,000 2.375% 2024
263867 X24 13 $425,000 2.500% 2025
263867 X32 14 $440,000 2.500% 2026
263867 X40 15 $455,000 3.000% 2027
263867 X57 16 $470,000 3.000% 2028
263867 X65 17 $485,000 3.000% 2029
263867 X73 18 $505,000 3.000% 2030
263867 X81 19 $525,000 3.125% 2031
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., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
General Obligation Bonds, Series 2012E
• Resolution Authorizing the Redemption of Outstanding General Obligation Bonds,
Series 2012E, dated December 10, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met via electronic means, an in-
person meeting being impossible or impractical due to the COVID-19 pandemic, at 6:30 P.M.,
on the above date. There were present Mayor Roy D. Buol, in the chair, and the following
named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION BONDS, SERIES 2012E, OF THE CITY OF DUBUQUE, STATE OF IOWA,
DATED DECEMBER 10, 2012, AND DIRECTING NOTICE BE GIVEN" and moved its
adoption. Council Member Jones seconded the motion to adopt. The roll was called, and the
vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 148-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION BONDS, SERIES
2012E, OF THE CITY OF DUBUQUE, STATE OF IOWA,
DATED DECEMBER 10, 2012, AND DIRECTING NOTICE BE
GIVEN
WHEREAS, the City did by resolution dated November 19, 2012, authorize the issuance
of $3,640,000 General Obligation Bonds, Series 2012E, (the "Bonds") dated December 10, 2012;
and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2018
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $1,965,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
- 3 -
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Bonds, dated December 10, 2012, in the
principal amount of $1,965,000, be and the same are hereby redeemed as of June 4, 2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Bonds by ordinary mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Bonds to the date of redemption and to notify the City's dissemination agent to post
the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $3,640,000
Bond Issue: General Obligation Bonds, Series 2012E
Dated Date: December 10, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 3L5 9 $230,000 2.000% 2022
263867 3M3 10 $230,000 2.125% 2023
263867 3N1 11 $155,000 2.250% 2024
263867 3P6 12 $160,000 2.375% 2025
263867 3Q4 13 $165,000 2.500% 2026
263867 3R2 14 $170,000 2.500% 2027
263867 3S0 15 $175,000 3.000% 2028
263867 3T8 16 $165,000 3.000% 2029
263867 3U5 17 $165,000 3.000% 2030
263867 3V3 18 $170,000 3.000% 2031
263867 3W1 19 $180,000 3.000% 2032
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, Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
General Obligation Urban Renewal Bonds, Series 2012H
• Resolution Authorizing the Redemption of Outstanding General Obligation Urban
Renewal Bonds, Series 2012H, dated December 10, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met in Regular session, via
electronic means, an in-person meeting being deemed impossible or impractical due to the
COVID-19 pandemic, at 6:30 P.M., on the above date. There were present Mayor Roy D. Buol,
in the chair, and the following named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION URBAN RENEWAL BONDS, SERIES 2012H, OF THE CITY OF DUBUQUE,
STATE OF IOWA, DATED DECEMBER 10, 2012, AND DIRECTING NOTICE BE GIVEN"
and moved its adoption. Council Member Jones seconded the motion to adopt. The roll was
called, and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 149-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION URBAN
RENEWAL BONDS, SERIES 2012H, OF THE CITY OF
DUBUQUE, STATE OF IOWA, DATED DECEMBER 10, 2012,
AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated November 19, 2012, authorize the issuance
of $2,385,000 General Obligation Urban Renewal Bonds, Series 2012H, (the "Bonds") dated
December 10, 2012; and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2018
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $1,410,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Urban Renewal Bonds, dated December
10, 2012, in the principal amount of $1,410,000, be and the same are hereby redeemed as of June
4, 2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
- 3 -
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Bonds by ordinary mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Bonds to the date of redemption and to notify the City's dissemination agent to post
the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $2,385,000
Bond Issue: General Obligation Urban Renewal Bonds, Series 2012H
Dated Date: December 10, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 4N0
263867 4P5
263867 4Q3
263867 4R1
263867 4S9
263867 4T7
263867 4U4
263867 4V2
263867 4W0
263867 4Y6
8
9
10
11
12
13
14
15
16
17
$115,000
$115,000
$120,000
$120,000
$125,000
$125,000
$130,000
$135,000
$140,000
$285,000
2.000%
2.125%
2.250%
2.375%
2.500%
2.500%
2.625%
2.750%
2.750%
3.000%
2022
2023
2024
2025
2026
2027
2028
2029
2030
2032*
* Term Bond, Final Maturity
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., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
Taxable General Obligation Bonds, Series 2012C
• Resolution Authorizing the Redemption of Outstanding Taxable General Obligation
Bonds, Series 2012C, dated June 28, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met in Regular session, via
electronic means, an in-person meeting being deemed impossible or impractical due to the
COVID-19 pandemic, at 6:30 P.M., on the above date. There were present Mayor Roy D. Buol,
in the chair, and the following named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING TAXABLE
GENERAL OBLIGATION BONDS, SERIES 2012C, OF THE CITY OF DUBUQUE, STATE
OF IOWA, DATED JUNE 28, 2012, AND DIRECTING NOTICE BE GIVEN" and moved its
adoption. Council Member Jones seconded the motion to adopt. The roll was called, and the
vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 150-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING TAXABLE GENERAL OBLIGATION
BONDS, SERIES 2012C, OF THE CITY OF DUBUQUE, STATE
OF IOWA, DATED JUNE 28, 2012, AND DIRECTING NOTICE
BE GIVEN
WHEREAS, the City did by resolution dated June 18, 2012, authorize the issuance of
$6,965,000 Taxable General Obligation Bonds, Series 2012C, (the "Bonds") dated June 28,
2012; and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2019
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $4,465,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding Taxable General Obligation Bonds, dated June 28, 2012, in
the principal amount of $4,465,000, be and the same are hereby redeemed as of June 4, 2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Bonds by ordinary mail, and to notify DTC.
- 3 -
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Bonds to the date of redemption and to notify the City's dissemination agent to post
the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $6,965,000
Bond Issue: Taxable General Obligation Bonds, Series 2012C
Dated Date: June 28, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 Y98
263867 Z22
263867 Z30
263867 Z48
263867 Z55
263867 Z63
263867 Z71
263867 Z89
263867 Z97
263867 2A0
263867 2B8
9
10
11
12
13
14
15
16
17
18
19
$355,000
$350,000
$360,000
$375,000
$385,000
$400,000
$415,000
$430,000
$445,000
$465,000
$485,000
2.500%
2.750%
3.000%
3.150%
3.300%
3.450%
3.550%
3.650%
3.750%
3.850%
3.900%
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
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., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
Taxable General Obligation Bonds, Series 2012F
• Resolution Authorizing the Redemption of Outstanding Taxable General Obligation
Bonds, Series 2012F, dated December 10, 2012.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met in Regular session, via
electronic means, an in-person meeting being deemed impossible or impractical due to the
COVID-19 pandemic, at 6:30 P.M., on the above date. There were present Mayor Roy D. Buol,
in the chair, and the following named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING TAXABLE
GENERAL OBLIGATION BONDS, SERIES 2012F, OF THE CITY OF DUBUQUE, STATE
OF IOWA, DATED DECEMBER 10, 2012, AND DIRECTING NOTICE BE GIVEN" and
moved its adoption. Council Member Jones seconded the motion to adopt. The roll was called,
and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 151-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING TAXABLE GENERAL OBLIGATION
BONDS, SERIES 2012F, OF THE CITY OF DUBUQUE, STATE
OF IOWA, DATED DECEMBER 10, 2012, AND DIRECTING
NOTICE BE GIVEN
WHEREAS, the City did by resolution dated November 19, 2012, authorize the issuance
of $1,035,000 Taxable General Obligation Bonds, Series 2012F, (the "Bonds") dated December
10, 2012; and
WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2018
or any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Bonds; and
WHEREAS, it is deemed necessary and advisable that $140,000 be so redeemed on June
4, 2021 and notice of redemption be given according to the terms of the resolution authorizing
issuance of the Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding Taxable General Obligation Bonds, dated December 10,
2012, in the principal amount of $140,000, be and the same are hereby redeemed as of June 4,
2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
- 3 -
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Bonds by ordinary mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Bonds to the date of redemption and to notify the City's dissemination agent to post
the Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Bonds in accordance with the Continuing Disclosure Certificate for the Bonds.
Section 4. That the form of such notice 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, State of Iowa
Original Issue Amount: $1,035,000
Bond Issue: Taxable General Obligation Bonds, Series 2012F
Dated Date: December 10, 2012
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Bonds Called for Redemption
CUSIP
Numbers
Bond
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 4E0 8 $140,000 2.200% 2022
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., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
General Obligation Capital Loan Notes, Series 2014B
• Resolution Authorizing the Redemption of Outstanding General Obligation Capital Loan
Notes, Series 2014B, dated December 8, 2014.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met in Regular session, via
electronic means, an in-person meeting being deemed impossible or impractical due to the
COVID-19 pandemic, at 6:30 P.M., on the above date. There were present Mayor Roy D. Buol,
in the chair, and the following named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL
OBLIGATION CAPITAL LOAN NOTES, SERIES 2014B, OF THE CITY OF DUBUQUE,
STATE OF IOWA, DATED DECEMBER 8, 2014, AND DIRECTING NOTICE BE GIVEN"
and moved its adoption. Council Member Jones seconded the motion to adopt. The roll was
called, and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 152-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING GENERAL OBLIGATION CAPITAL LOAN
NOTES, SERIES 2014B, OF THE CITY OF DUBUQUE, STATE
OF IOWA, DATED DECEMBER 8, 2014, AND DIRECTING
NOTICE BE GIVEN
WHEREAS, the City did by resolution dated December 1, 2014, authorize the issuance of
$18,835,000 General Obligation Capital Loan Notes, Series 2014B, (the "Notes") dated
December 8, 2014; and
WHEREAS, the Notes are redeemable in any order of their numbering on June 1, 2021 or
any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Notes; and
WHEREAS, it is deemed necessary and advisable that $14,820,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Notes.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Capital Loan Notes, dated December 8,
2014, in the principal amount of $14,820,000, be and the same are hereby redeemed as of June 4,
2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A., is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
- 3 -
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Notes by ordinary mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Notes to the date of redemption and to notify the City's dissemination agent to post the
Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Notes in accordance with the Continuing Disclosure Certificate for the Notes.
Section 4. That the form of such notice be substantially as follows:
- 4 -
NOTICE OF THE CALL OF NOTES FOR REDEMPTION TO THE HOLDERS OF THE
FOLLOWING DESCRIBED NOTES:
Please take notice that the Notes described below have been called for redemption.
Owners of the Notes should present their Notes for payment on the redemption date.
Issuer: City of Dubuque, State of Iowa
Original Issue Amount: $18,835,000
Note Issue: General Obligation Capital Loan Notes, Series 2014B
Dated Date: December 8, 2014
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Notes Called for Redemption
CUSIP
Numbers
Note
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 5Q2
263867 5R0
263867 5S8
263867 5T6
263867 5U3
263867 5V1
263867 5W9
263867 5X7
263867 5Y5
263867 5Z2
263867 6A6
263867 6B4
263867 6C2
7
8
9
10
11
12
13
14
15
16
17
18
19
$1,055,000
$1,035,000
$1,055,000
$1,090,000
$1,040,000
$1,065,000
$1,105,000
$1,145,000
$1,180,000
$1,200,000
$1,240,000
$1,285,000
$1,325,000
3.000%
3.000%
3.000%
3.000%
3.000%
3.000%
3.125%
3.250%
3.375%
3.500%
3.500%
3.500%
3.625%
2022
2023
2024
2025
2026
2027
2028
2029
2030
3031
2032
2033
2034
No representation is made as to the accuracy of the CUSIP numbers printed herein or on
the Notes.
- 5 -
The above Notes should be presented to Wells Fargo Bank, N.A., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)
ITEMS TO INCLUDE ON AGENDA
CITY OF DUBUQUE, IOWA
Taxable General Obligation Capital Loan Notes, Series 2014C
• Resolution Authorizing the Redemption of Outstanding Taxable General Obligation
Capital Loan Notes, Series 2014C, dated December 8, 2014.
NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE
CHAPTER 21 AND THE LOCAL RULES OF THE CITY.
- 1 -
May 3, 2021
The City Council of the City of Dubuque, State of Iowa, met in Regular session, via
electronic means, an in-person meeting being deemed impossible or impractical due to the
COVID-19 pandemic,, at 6:30 P.M., on the above date. There were present Mayor Roy D. Buol,
in the chair, and the following named Council Members:
Cavanagh, Farber, Jones, Resnick, Roussell, Sprank
Absent: ___________________________________________
Vacant: ___________________________________________
* * * * * * *
- 2 -
Council Member Resnick introduced the following Resolution entitled "A
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING TAXABLE
GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014C, OF THE CITY OF
DUBUQUE, STATE OF IOWA, DATED DECEMBER 8, 2014, AND DIRECTING NOTICE
BE GIVEN" and moved its adoption. Council Member Jones seconded the motion to adopt.
The roll was called, and the vote was:
AYES: Cavanagh, Resnick, Farber, Sprank, Buol, Roussell, Jones
___________________________________________
NAYS: ___________________________________________
Whereupon, the Mayor declared the resolution duly adopted as follows:
Resolution No. 153-21
RESOLUTION AUTHORIZING THE REDEMPTION OF
OUTSTANDING TAXABLE GENERAL OBLIGATION
CAPITAL LOAN NOTES, SERIES 2014C, OF THE CITY OF
DUBUQUE, STATE OF IOWA, DATED DECEMBER 8, 2014,
AND DIRECTING NOTICE BE GIVEN
WHEREAS, the City did by resolution dated December 1, 2014, authorize the issuance of
$7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C, (the "Notes") dated
December 8, 2014; and
WHEREAS, the Notes are redeemable in any order of their numbering on June 1, 2021 or
any date thereafter upon giving notice in the manner provided in the resolution authorizing the
issuance of the Notes; and
WHEREAS, it is deemed necessary and advisable that $6,885,000 be so redeemed on
June 4, 2021 and notice of redemption be given according to the terms of the resolution
authorizing issuance of the Notes.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, STATE OF IOWA:
Section 1. That outstanding General Obligation Capital Loan Notes, dated December 8,
2014, in the principal amount of $6,885,000, be and the same are hereby redeemed as of June 4,
2021.
Section 2. The Registrar and Paying Agent, Wells Fargo Bank, N.A. is hereby authorized
and directed to cause notice of such redemption be given not less than thirty (30) days prior to
- 3 -
the redemption date and to cause notice of redemption to be mailed to the registered owners of
the Notes by ordinary mail, and to notify DTC.
Section 3. The Director of Finance & Budget is hereby authorized and directed to cause
to be deposited in a separate fund such sum as is sufficient to pay all principal and interest on the
redeemed Notes to the date of redemption and to notify the City's dissemination agent to post the
Notice of Redemption to the MSRB's website (EMMA) in searchable PDF format for the
refunded Notes in accordance with the Continuing Disclosure Certificate for the Notes.
Section 4. That the form of such notice be substantially as follows:
- 4 -
NOTICE OF THE CALL OF NOTES FOR REDEMPTION TO THE HOLDERS OF THE
FOLLOWING DESCRIBED NOTES:
Please take notice that the Notes described below have been called for redemption.
Owners of the Notes should present their Notes for payment on the redemption date.
Issuer: City of Dubuque, State of Iowa
Original Issue Amount: $7,615,000
Note Issue: Taxable General Obligation Capital Loan Notes, Series 2014C
Dated Date: December 8, 2014
Redemption Date: June 4, 2021
Redemption Price: Par, plus accrued interest
Notes Called for Redemption
CUSIP
Numbers
Note
Numbers
Principal
Amount
Interest
Rate
Maturity
Date
263867 6K4
263867 6L2
263867 6M0
263867 6N8
263867 6P3
263867 6Q1
263867 6R9
263867 6S7
263867 6T5
263867 6U2
263867 6V0
263867 6W8
263867 6X6
7
8
9
10
11
12
13
14
15
16
17
18
19
$425,000
$440,000
$450,000
$470,000
$480,000
$500,000
$520,000
$540,000
$565,000
$590,000
$610,000
$635,000
$660,000
3.000%
3.000%
3.000%
3.200%
3.350%
3.500%
3.650%
4.000%
4.000%
4.000%
4.000%
4.125%
4.125%
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
No representation is made as to the accuracy of the CUSIP numbers printed herein or on
the Notes.
- 5 -
The above Notes should be presented to Wells Fargo Bank, N.A., Minneapolis,
Minnesota. This represents a full call of the outstanding obligations. All interest will cease to
accrue on the Redemption Date.
WELLS FARGO BANK, N.A., Minneapolis,
Minnesota
(End of Notice)