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General Obligation Bonds Series 2016ABC Directing Sale Copyright 2014 City of Dubuque Action Items # 1. ITEM TITLE: General Obligation Bond Sale, Series 2016ABC SUMMARY: City Manager recommending approval of the suggested proceedings for directing sale of the $2,830,000 General Obligation Settlement Bonds, Series 2016A, $11,505,000 General Obligation Refunding Bonds, Series 2016B and $4,155,000 General Obligation Bonds, Series 2016C and awarding the bonds to the best bidder. The bond sale will be held on March 7, 2016 at 11 :00 a.m. The results will be brought to the March 7th City Council meeting. RESOLUTION Directing sale of$ General Obligation Bonds, Series 2016A (Subject to adjustment per terms of offering.) RESOLUTION Directing sale of$ General Obligation Refunding Bonds, Series 2016B (Subject to adjustment per terms of offering.) RESOLUTION Directing sale of$ General Obligation Bonds, Series 2016C (Subject to adjustment per terms of offering.) RESOLUTION Authorizing the redemption of outstanding General Obligation Bonds, Series 2003, of the City of Dubuque, State of Iowa, dated October 15, 2003, and directing Notice be given RESOLUTION Authorizing the redemption of outstanding General Obligation Bonds, Series 2005A, of the City of Dubuque, State of Iowa, dated April 18, 2005, and directing Notice be given RESOLUTION Authorizing the redemption of outstanding General Obligation Urban Renewal Bonds, Series 20058, of the City of Dubuque, State of Iowa, dated April 18, 2005, and directing Notice be given RESOLUTION Authorizing the redemption of outstanding General Obligation Bonds, Series 2006A, of the City of Dubuque, State of Iowa, dated May 2, 2006, and directing Notice be given RESOLUTION Authorizing the redemption of outstanding General Obligation Stormwater Bonds, Series 2008A, of the City of Dubuque, State of Iowa, dated November 4, 2008, and directing Notice be given RESOLUTION Authorizing the redemption of outstanding General Obligation Urban Renewal Bonds, Series 2008B, of the City of Dubuque, State of Iowa, dated November 4, 2008, and directing Notice be given SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s) ATTACHMENTS: Description Type MVM Memo City Manager Memo Staff Memo Staff Memo Bond Sale Bond Counsel Memo Supporting Documentation Series 2016A Sale Resolution Resolutions Series 2016B Sale Resolution Resolutions Series 2016C Sale Resolution Resolutions Series 2003 Redemption Resolution Resolutions 2005A Redemption Resolution Resolutions 2005B Redemption Resolution Resolutions 2006A Redemption Resolution Resolutions 2008A Redemption Resolution Resolutions 2008B Redemption Resolution Resolutions 2016B Prior Redemption Bond Counsel Memo Supporting Documentation Proof of Publication on Bond Sale Supporting Documentation THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proceedings for Directing Sale of $2,830,000 General Obligation Settlement Bonds, Series 2016A, $11,505,000 General Obligation Refunding Bonds, Series 2016B and $4,155,000 General Obligation Bonds, Series 2016C and Awarding Bonds to Best Bidder DATE: February 25, 2016 Budget Director Jennifer Larson recommends City Council approval of the suggested proceedings for directing sale of the $2,830,000 General Obligation Settlement Bonds, Series 2016A, $11,505,000 General Obligation Refunding Bonds, Series 2016B and $4,155,000 General Obligation Bonds, Series 2016C and awarding the bonds to the best bidder. On May 4, 2015, one public hearing was held on a bond issuance not to exceed $3 million. On December 21, 2015, two public hearings were held on bond issuances not to exceed a total of$16.1 million. The not to exceed amounts include a contingency for fluctuations in the bond market for interest rates, bond issuance costs and changes in project costs. The Series 2016A bonds will provide $2,830,000 to pay associated costs of the settlement of the franchise fee litigation. The Series 2016B bonds will provide $11,505,000 to refund previously issued General Obligation Bonds. This refunding is estimated to provide $1,448,937 in interest savings over the life of the bonds. The Series 2016C bonds will provide $4,155,000 to pay costs of Airport New Terminal Improvements including parking lots and roads with repayment from local option sales tax ($625,329); sanitary sewer improvements with repayment from sanitary sewer user fees ($2,370,000); water system improvements with repayment from water user fees is intended to provide funds to pay ($623,780); ten year coating on the Historic Federal Building roof with repayment from local option sales tax ($264,000); and Ham House tuck-pointing with repayment from local option sales tax ($197,370). The City's debt service levy will be used to pay debt service costs related to the $2,830,000 General Obligation Settlement Bonds, Series 2016A. The debt service is estimated to be $183,590 beginning in Fiscal Year 2017. The repayment of Series 2016B and Series 2016C will be from local option sales tax, sanitary, stormwater and water user fees, as well as Dubuque Industrial Center West and Greater Downtown Tax Increment Financing revenue. The bond sale will be held on March 7, 2016 at 11 :00 a.m. The results will be brought to the March 7th City Council meeting. I concur with the recommendation and respectfully request Mayor and City Council approval. 0 �f� " 4LII . Mich el C. Van Milligen MCVM/jml Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Jennifer Larson, Budget Director Jean Nachtman, Finance Director THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Budget Director SUBJECT: Proceedings for Directing Sale of $2,830,000 General Obligation Settlement Bonds, Series 2016A, $11,505,000 General Obligation Refunding Bonds, Series 2016B and $4,155,000 General Obligation Bonds, Series 2016C and Awarding Bonds to Best Bidder DATE: February 25, 2016 DISCUSSION The purpose of this memorandum is to recommend directing sale of the $2,830,000 General Obligation Settlement Bonds, Series 2016A, $11,505,000 General Obligation Refunding Bonds, Series 2016B and $4,155,000 General Obligation Bonds, Series 2016C and awarding the bonds to the best bidder. The bond sale will be held on March 7, 2016 at 11:00 a.m. The results will be brought to the March 7t" City Council meeting. A letter from attorney Mark Cory detailing information on the bond advertisement is enclosed. RECOMMENDATION I respectfully recommend the adoption of the enclosed resolutions directing the sale of the bonds and awarding the bonds to the best bidder. JML Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Jean Nachtman, Finance Director CITY OF DUBUQUE, IOWA TABULATION OF BIDS THE CITY OF DUB Masterpiece on the Mississippi $2,830,000 General Obligation Bonds, Series 2016A Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Raymond James & Associates Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co 1411 Independent MEI Public Advisors, LLC St. Petersburg, FL $2,802,036.40 $919,274.59 3.015164% New York, NY Memphis, TN New York, NY New York, NY Chicago, IL 2,802,024.90 938,727.55 3.090375% Page I1of3 $11,505,0001- General 11,505,0001General Obligation Refunding Bonds, Series 2016B Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport& Co. L.L. SAMCO Capital Mkts. Cronin & Co., Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer& Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $12,054,558.00 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities 11,646,125.75 $996,697.00 New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 1.805510% 973,759.35 1.810378% 11,587,555.45 1,074,184.86 2.002284% 1 Following the bid opening, the Par Amount was reduced to $10,920,000, the Purchase Price was reduced to $11,446,514.34, and the True Interest Cost increased to 1.817900%. Page 12of3 $4,155,000 2 General Obligation Bonds, Series 2016C Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport& Co. L.L. SAMCO Capital Mkts. Cronin & Co., Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer & Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $4,128,381.80 $1,269,261.38 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 2.829889% 4,121,194.05 1,301,354.08 2.902337% 4,113,450.00 1,330,647.26 2.975025% z Following the bid opening, the Par Amount was reduced to $4,145,000, the Purchase Price was reduced to $4,116,715.33, and the True Interest Cost increased to 2.841633%. Page 13of3 City of Dubuque, IA Series 2016B Actual Refunding Savings by Source Refunded Bonds Refunded Payment Amount Source 2003, 2005A, 2006A, 2008A 2005B, 2008B 2008B Totals: $6,550,000 Stormwater 3,295,000 DICW 1,545,000 GDTIF $11,390,000 March 2016 Actual* Gross Present Value Savings Savings $882,008 $788,559 275,388 256,939 158,061 146,511 $1,315,457 $1,192,008 * The estimated range of gross savings calculated in December and February for the refunding was $1.1 million to $1.4 million. The actual gross savings from the refunding was at the top of that range. Prepared by Independent Public Advisors, LLC Page 1 of 1 Date: 3/7/2016; Time: 3:07 PM MMD AAA Scale 3.50% 3.00% 5 Year Rate 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 AAA GO 12/11/2015 AAA GO 2/5/2016 AAA GO 3/7/2016 Ahlers&Cooney, P.C. H L.E R S COONEY + N E Y Attorneys at Law 100 Court Avenue, Suite 600 A T T 0 R N E Y S Des Moines, Iowa 50309-2231 Phone: 515-243-7611 Fax: 515-243-2149 www.ahlerslaw.com R. Mark Cory 515.246.0378 rcory@ahlerslaw.com February 24, 2016 Via Email and UPS Overnight Delivery Ms. Jenny Larson Budget Director 50 W. 13th Street Dubuque, Iowa 52001 Re: City of Dubuque, Iowa General Obligation Bonds, Series 2016A General Obligation Refunding Bonds, Series 2016B General Obligation Bonds, Series 2016C Dear Jenny: We have now prepared and are enclosing herewith procedure for each issue to cover action taken by the City Officials at 11:00 o'clock A.M. on March 7, 2016, to receive bids on the above-mentioned bond issues. A separate set is enclosed for each Issue. Sealed bids, electronic bids and facsimile bids for the bonds may be received by the Finance Director and listed in the minutes. After a final call for sealed bids, the bids should then be opened and the best bid recorded. Sealed bids, electronic bids and facsimile bids are permitted by the terms of sale. No other bids should be considered. All bids should then be referred to the Council for award of the bonds at their meeting later that day, at which time they will adopt a resolution directing the sale of the bonds. We then continue with proceedings to be acted upon by the Council covering the actual sale of the bonds received earlier by the City Officials. An extra copy of the procedure for each issue is enclosed to be filled in as the original and certified back to this office. If you have any questions pertaining to the proceedings or the Council action to be taken relating to the sale, please do not hesitate to contact our office. Very tr y yo s, R. Mark Cory FOR THE FIRM RMC:csm Enclosures cc: Jean Nachtman Finance Director (via e-mail w/enc.) Kevin Firnstahl, City Clerk (via e-mail w/enc.) Tionna Pooler (via e-mail w/enc.) 01216032-1\10422-165 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 Ahlers&Cooney, P.C. H L E R J COONEY Attorneys at Law 100 Court Avenue, Suite 600 A T'i 0 R-N E Y S Des Moines, Iowa 50309-2231 Phone: 515-243-7611 Fax: 515-243-2149 www.ahlerslaw.com R. Mark Cory 515.246.0378 rcory@ahlerslaw.com February 24, 2016 Via Email and UPS Overnight Delivery Ms. Jenny Larson Budget Director 50 W. 13th Street Dubuque, Iowa 52001 Re: City of Dubuque, State of Iowa—Prior Redemption Procedure - $2,110,000 General Obligation Bonds, Series 2003 - $1,750,000 General Obligation Bonds, Series 2005A - $4,270,000 General Obligation Urban Renewal Bonds, Series 2005B - $2,900,000 General Obligation Bonds, Series 2006A - $3,885,000 General Obligation Stormwater Bonds, Series 2008A - $3,290,000 General Obligation Urban Renewal Bonds, Series 2008B Dear Jenny: Enclosed are resolutions to be adopted by the Council calling the above outstanding General Obligation Bond issues. The resolutions include the form of Notice of Call. An extra copy of each resolution is enclosed to be completed and certified as an original and returned to our office. According to the provisions of the resolutions authorizing issuance of the Bonds, notice must be given at least thirty (30) days prior to the redemption date by certified mail (Series 2005A, 2005B, 2006A Bonds) or first class mail (Series 2003, 2008A and 2008B Bonds)to the registered Bond holders. Wells Fargo Bank,N.A., in their capacity as Registrar and Paying Agent of each issue of the Bonds, is responsible for mailing the notices. The Series 2003, 2005A, 2005B and 2006A Bonds are callable on April 7, 2016, and the Notice of Call must be mailed no later than March 8, 2016. The Series 2008A and 2008B Bonds are callable on June 1, 2016 and the Notice of Call must be mailed no later than May 2, 2016. Registrar should also send a copy of each Notice to the purchaser of record and by e-mail to The Depository Trust Company at "redemptionnotification@dtcc.com". WISHARD & BAILY - 1888: GUERNSEY & BAILY - 1893; BAILY & STIPP - 1901: STIPP, PERRY. BANNISTER & STARZINGER - 1914; BANNISTER, CARPENTER. AHLERS & COONEY - 19SO: AHLERS, COONEY, DORWEILER, ALLBEE, HAYNIE & SMITH - 1974; AHLERS, COONEY, DORWEILER, HAYNIE. SMITH & ALLBEE, P.C. - 1990 February 24, 2016 Page 2 Finally, the Municipal Securities Rulemaking Board should be notified by sending the Notices in searchable PDF format to the Electronic Market Access website a.k.a. "EMMA" (emma.msrb.org) and click on "Emma Dataport". If you have questions, please contact our office. Very t ly your , C� R. Mark Cory FOR THE FIRM RMC:csm Enclosures cc: Jean Nachtman Finance Director(via e-mail w/enc.) Kevin Firnstahl, City Clerk (via e-mail w/enc.) Tionna Pooler (via e-mail w/enc.) Alicia Amato (via e-mail w/enc.) 01215989-1\10422-173 CITY OF DUBUQUE, passed, the close of IOWA sealed bids will be NOTICE OF BOND announced. .,Sealed bids will then be Time and, Place of •publicly opened and Sealed Bids:Bids for „announced..,...;Finally, the sale of Bonds of"the electronic internet bids City of Dubuque,State i will be accessed and of Iowa, hereafter announced. described, must beSale and Award.The received at the office) sale and award of the of the Finance Director,1 Bonds will be-held at City Hall -50'W. 13th, the City Hall, 50,W. Street, Dubuque, Iowa,' 13th Street, Dubuque,; 52001; Telephone: 563- Iowa, 52001 at a 589-4100'(the"Issuer") meeting of the City,, before 11:00A: ,on, Council on the above the,.7th day of M.,March, date.at 6:30 P.M. 2016.The bids will then Official Statement: be publicly opened'and The issuer has issued referred for action:to an Official 'Statement: the meeting of the City of information pertain- Council in conformity ing to the Bonds to be with! the 'TERMS OF offered, including a OFFERING. statement of the Terms The Bonds: Th•e of Offering and an Bonds to be offered are Official Bid Form, the following: which is incorporated j GENERALOBLIGATION by reference as a part, BONDS,:SERIES 2016A, of this notice. The in the amount of Official Statement may j $2,830,000*, to ,be be obtained by request dated April 4,2016, addressed to the(City, �. GENERAL OBLIGATION Clerk, City Hall, 50 W. >REFUNDING BONDS, 13th Street, Dubuque, SERIES 201613: 52001; Tele- I In the amount of I phone:563-589-4100,or $11,505,000*, to be the Issuer's Municipal dated April 4,2016, ' Advisor, Independent Public Advisors, LLC, and, Public, OBLIGATION 8805 Chambery Blvd., BONDS, SERIES 2016C, Suite 300 #114, j in the amount of Johnston,,Iowa, 50131; $4,155,000*, to be Telephone: 515-259- dated April 4,2016 8193. '(the"Bonds") I Terms of Offering:!` *Subject to principal All bids shall be in adjustmentpursuantto cpriformity with -and official Terms of the sale shall be in Offering. accord with the Terms Manner of Bidding: of offering-as set forth, I Open bids will not be in the Official State- received. Bids tate received.rBids Will be ment. received in any of the Legal Opinion:The following methods:- Bonds will be sold •Sealed Bidding: subject to the opinion Sealed bids may be of Ahlers Cooney, & submitted and'Will be P.C., Attorneys of Des received at the office Moines,Iowa,as to the l of the Finance Director legality and their at City Hall,50*13th opinion will be fur sStreet, Dubuque, Iowa, ! Wished together with f 52001. I the printed Bonds •Electronic Internet without cost to,the Bidding: Electronic purchaser and all bids internet 'bids will be will be so'conditioned. received at the office ! Except to 'the extent of the Finance Director necessary to issue at City Hall,50 W 13th I their opinion as to the Street, Dubuque, Iowa, Ilegality of the Bonds, 52001. The bids must the attorneys will not be submitted through examine or, review or the PARITY® competi- express srespecttny o inion tive bidding system. the •Electronic lac- accuracy or complete- simile Bidding: Ebid ness of documents, .tronic facsimile bids i materials or state- will be received at the ;ments made or office of the Finance furnished in connec- Director at City Hall,50 tion with the sale, 66 13th Street, IE of the Bonds marketing Duduque, Iowa, 52001 ft he B Reserved: (facsimile number:563- Tliexight Reserved: to 589-0890) and/or the reject any or all bids,'. City's Municipal Advi- and to 'waive any sor, Independent Pub- irregularities as deem lic Advisors, LLC, 8805 ed to be. in the best Chambery.Blvd., Suite interests of the public. Io #114 Johnston, By order of the City,'. Iowa, r:515-259-8193). 1 (facsimile Council of the City of number:515 2facsimile Dubuque, State of Electronic facsimile bids will Iowa be treated as Kevin S.Firnstahl, sealed bids. City of City Clerk,Consideration . of Dubuque,State CIowa Bids:After the time for It 2/19 receipt,of bids `has i 4 STATE OF IOWA ISS: DUBUQUE COUNTY CERTIFICATION OF PUBLICATION 9 I, Suzanne Pike, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald,a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper p on the following dates: February 19, 2016, and for which the charge is $55.68. i i I ilf a i i Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, i thise�4ja day of , 20 /r, (57 Pi a 4/tary Public in and for Dubuque County, Iowa. I� III ti N i+ A� S10517 Y Lira° ;r.'1 PC 315 1 r� S l g$� C 7 3 4 3 i P f '7,J1K1 NAL ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA $2,830,000 (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series 2016A. • Receipt of bids. ••Resolution directing sale. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The Finance Director of the City of Dubuque, State of Iowa, met in City Hall , 50 W. 13th Street, Dubuque, Iowa, at 11:00 A.M., on the above date, to open sealed bids received, access electronic 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: Jenny Larson, Budget Director Jean Nachtman, Finance Director Tionna Pooler, Independent Public Advisors ******** This being the time and place for the opening of bids for the sale of $2,830,000 (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series 2016A, 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) The Finance Director 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. 2 CITY OF DUBUQUE, IOWA TABULATION OF BIDS Masterpiece on the Mississippi $2,830,000 General Obligation Bonds, Series 2016A Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Raymond James & Associates Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Independent ubi iso LLC St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $2,802,03640 2,802,024.90 $919,274.59 3.015164% 938,727.55 3.090375% Page I1of3 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: Raymond James & Associates St. Petersburg,FL True Interest Rate (as -bid): 3.015164 Net Interest Cost (as -bid): $ $919,274.59 In consultation with the Municipal Advisor, 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: $ 2/830,000 Purchase Price as adjusted: $ 2,802,036.40 All bids were then referred to the Council for action. - 3 - CITY OF DUBUQUE, IOWA TABULATION OF BIDS Masterpiece on the Mississippi $2,830,000 General Obligation Bonds, Series 2016A Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Raymond James & Associates Syndicate Members Jeffries, LLC New York, NY FTN Financial Markets Memphis, TN Ramirez & Co., Inc. New York, NY Morgan Stanley New York, NY Hutchinson, Shockey, Erly & Co Chicago, IL �etetshurg, FL 06.4 91 .59 3.015164% 2,802,024.90 938,727.55 3.090375% Page llof3 March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 P.M., on the above date. There were present Mayor Roy D. B u o l , in the chair, and the following named Council Members: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: Vacant: Council Member Connors introduced the following Resolution entitled "RESOLUTION DIRECTING SALE OF $2 , 830 , 000GENERAL OBLIGATION BONDS, SERIES 2016A," and moved its adoption. Council Member Jones seconded the motion to adopt. The roll was called and the vote was, AYES: Resnick, Lynch, Buol, Del Toro NAYS: Jones, Connors, Rios Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION NO. 70-16 $2,830,000 RESOLUTION DIRECTING SALE OF $ `. GENERAL OBLIGATION BONDS, SERIES 2016A 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: $2,830,000 $ GENERAL OBLIGATION BONDS, SERIES 2016A Bidder: Raymond James & Asso(of St. Petersburg, FL The terms of award: Final Par Amount as adjusted: $ N/A Purchase Price as adjusted: $ 2,802,036.40 True Interest Rate: 3.015164 Net Interest Cost: $ 919 , 274.59 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. 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. -5 Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the Clerk and Finance Director done in furtherance of the sale of the Bonds are hereby ratified and approved. PASSED AND APPROVED this 7th day of March, 2016. ATTEST: 6 CERTIFICATE STATE OF IOWA ) SS COUNTY OF DUBUQUE I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the City showing proceedings of the Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 principaloffice of the Council 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 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 the 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 the Council hereto affixed this 8 th day of March , 2016. City Cler (SEAL) 01216007-1 \10422-165 Aig ate of Iowa ity of Dub qu-, - ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1 Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA $11,505,000 (Subject to Adjustment per Terms of Offering) General Obligation Refunding Bonds, Series 2016B. Receipt of bids. ••Resolution directing sale. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The Finance Director of the City of Dubuque, State of Iowa, met in City Hall , 50 W. 13th Street, Dubuque, Iowa, at 11:00 A.M., on the above date, to open sealed bids received, access electronic 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: Jenny Larson, Budget Director Jean N.achtman, Finance Director Tionna Pooler, Independent Public Advisors ******** This being the time and place for the opening of bids for the sale of $11,505,000 (Subject to Adjustment per Terms of Offering) General Obligation Refunding Bonds, Series 2016B, 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 Finance Director 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. -2 $11,505,0001 General Obligation Refunding Bonds, Series 2016B Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C,L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport & Co. L.L. SAMCO Capital Mkts. Cronin & Co., Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer & Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $12,054,558.00 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities 11,646,125.75 $996,697.00 New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 1.805510% 973,759.35 1.810378% 11,587,555.45 1,074,184.86 2.002284% 1 Following the bid opening, the Par Amount was reduced to $10,920,000, the Purchase Price was reduced to $11,446,514.34, and the True Interest Cost increased to 1.817900%. Independent ubli , t Page I2of3 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: Robert W. Baird & Co., Inc. Milwaukee, WI True Interest Rate (as -bid): 1.805510 Net Interest Cost (as -bid): $ 996,697.00 In consultation with the Municipal Advisor, 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: $ 10,920,000 Purchase Price as adjusted: $ 11,446,514.34 All bids were then referred to the Council for action. - 3 - $11,505,0001 General Obligation Refunding Bonds, Series 2016B Banking Institution/ Syndicate Location Purchase Price Net Interest Cost True Interest Cost Robert W..Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport& Co. L.L. SAMCO Capital Mkts. Cronin & Co., Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer& Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $12,054,55/100 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities 11,646,125.75 $996,697.00 New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 1.805510% 973,759.35 1.810378% 11,587,555.45 1,074,184.86 2.002284% 1 Following the bid opening, the Par Amount was reduced to $10,920,000, the Purchase Price was reduced to $11,446,514.34, and the True Interest Cost increased to L817900%. Page 12of3 March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 P.M., on the above date. There were present Mayor Roy D. B u o 1 , in the chair, and the following named Council Members: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: Vacant: -4 Council Member Connors introduced the following Resolution entitled "RESOLUTION DIRECTING SALE OF $11, 5 0 5.0 0 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016B," and moved its adoption. Council Member Jones seconded the motion to adopt. The roll was called and the vote was, AYES: Resnick, Lynch, Buol, Del Toro, NAYS: Jones, Connors, Rios Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION NO. 71-16 RESOLUTION DIRECTING SALE OF $1 1 , 505 , 00GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016B 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 $11,505,000 $ GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016B Robert W. Baird, & Bidder: ot Milwaukee, WI The terms of award: Final Par Amount as adjusted: $ $10 , 920 , 000 Purchase Price as adjusted: $11 , 446,514.34 True Interest Rate: 1.817900 Net Interest Cost: $ 996,697.00 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. -5 Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the Clerk and Finance Director done in furtherance of the sale of the Bonds are hereby ratified and approved. PASSED AND APPROVED this 7th day of March, 2016. ATTEST: -6 CERTIFICATE STATE OF IOWA ) SS COUNTY OF DUBUQUE I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the City showing proceedings of the Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 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 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 the 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 the Council hereto affixe March , 2016. (SEAL) 012160134\10422-173 Ii; 8TH day of City Clerk, i ofDubuque e of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 OlilaNAL ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA $4,155,000 (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series 2016C. • Receipt of bids. Resolution directing sale. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The Finance Director of the City of Dubuque, State of Iowa, met in City Hall , 50 W. 13th Street, Dubuque, Iowa, at 11:00 A.M., on the above date, to open sealed bids received, access electronic 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: Jenny Larson; Budget Director Jean Nachtman, Finance Director Tionna Pooler, Independent Public Advisors ******** This being the time and place for the opening of bids for the sale of $4,155,000 (Subject to Adjustment per Terms of Offering) General Obligation Bonds, Series 2016C, 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 Finance Director 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. -2 $4,155,000 2 General Obligation Bonds, Series 2016C Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport & Co. L.L. SAMCO Capital Mkts. Cronin & Co., Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer& Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $4,128,381.80 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities $1,269,261.38 New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 2.829889% 4,121,194.05 1,301,354.08 2.902337% 4,113,450.00 1,330,647.26 2.975025% 2 Following the bid opening, the Par Amount was reduced to $4,145,000, the Purchase Price was reduced to $4,116,715.33, and the True Interest Cost increased to 2.841633%. Page 13of3 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: Robert W. Baird & Co. , Inc. Milwaukee, WI True Interest Rate (as -bid): 2.829889 Net Interest Cost (as -bid): $ 1,269,261.38 In consultation with the Municipal Advisor, 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: $ .4,145,000 Purchase Price as adjusted: $ 4,116.715.33 All bids were then referred to the Council for action. 3 $4,155,000 2 General Obligation Bonds, Series 2016C Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport & Co. L.L. SAMCO Capital Mkts. Cronin & Ca, Inc Edward Jones Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer & Co Fidelity Capital Markets R. Seelaus & Company, Inc Northland Securities Wayne Hummer SumRidge Partners Sierra Pacific Securities Raymond James, Inc. Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Ca, Inc. Morgan Stanley Hutchinson, Shockey, Erly & Co Milwaukee, WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN St. Louis, MO Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Boston, MA Summit, NJ Minneapolis., MN Chicago, IL Jersey City, NJ Las Vegas, NV St. Petersburg, FL New York, NY Memphis, TN New York, NY New York, NY Chicago, IL $4,128,381.80 First Empire Secs IFS Securities Rafferty Capital Mkts JJB Hilliard Midland Securities $1,269,261.38 2.829889% New York, NY Atlanta, GA Garden City, NY Louisville, KY Montclair, NJ 4,121,194.05 1,301,354.08 2.902337% 4,113,450.00 1,330,647.26 2.975025% 2 Following the bid opening, the Par Amount was reduced to $4,145,000, the Purchase Price was reduced to $4,116,715.33, and the True Interest Cost increased to 2.841633%. Independent tiblic Advisors, L. ..,' Page 13of3 March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in r e g u i a r session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 P.M., on the above date. There were present Mayor Roy D. B u o i , in the chair, and the following named Council Members: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: Vacant: Council Member Connors introduced the following Resolution entitled "RESOLUTION DIRECTING SALE OF $4,155, 00cGENERAL OBLIGATION BONDS, SERIES 2016C," and moved its adoption. Council Member Jones seconded the motion to adopt. The roll was called and the vote was, AYES: Resnick, Lynch, Buol, Del Toro, NAYS: Jones, Connors, Rios Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION NO. 72-16 $4,155,000 RESOLUTION DIRECTING SALE OF $ GENERAL OBLIGATION BONDS, SERIES 2016C 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: $4,155,000 $ GENERAL OBLIGATION BONDS, SERIES 2016C Bidder: Robert W. Baird & Co.of Mi] waukP, WT The terms of award: Final Par Amount as adjusted: $ $ 4 , 145 , 000 Purchase Price as adjusted: $ 4,116,715.33 True Interest Rate: 2.841633 Net Interest Cost: $ #1 , 269,261.28 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. Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the Clerk and Finance Director done in furtherance of the sale of the Bonds are hereby ratified and approved. PASSED AND APPROVED this 7th day of March, 2016. Mayor ATTEST: CERTIFICATE STATE OF IOWA ) ) SS COUNTY OF DUBUQUE ) I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the City showing proceedings of the Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 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 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 the 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 the Council hereto affixe h s 8th day of March , 2016. (SEAL) 01216014-1\10422-174 City Clergy:; City of Dubuq. €; State of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATIONS) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. OR1G1A ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Bonds, Series 2003, dated October 15, 2003. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in r e g u 1 a r 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: Joyce Connors, Luis DP1 Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: -1- Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2003, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED OCTOBER 15, 2003, 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: Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 73-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2003, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED OCTOBER 15, 2003, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated October 6, 2003, authorize the issuance of $2,110,000 General Obligation Bonds, Series 2003, (the "Bonds") dated October 15, 2003; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2013 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 $1,025,000 be so redeemed on April 8, 2016 and notice of redemption be given according to the tennis 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 Bonds, dated October 15, 2003, in the principal amount of $1,025,000, be and the same are hereby redeemed as of April 8, 2016. Wells Fargo Bank, N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 -2- registered owners of the Bonds by first class mail, and to notify DTC and EMMA (via searchable PDF electronic filing). Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the foim of such notice be substantially as follows: -3- 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: $2,110,000 Bond Issue: General Obligation Bonds, Series 2003 Dated Date: October 15, 2003 Redemption Date: April 8, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 TE3 $110,000 4.100% 2016 263867 TF0 $115,000 4.200% 2017 263867 TG8 $120,000 4.300% 2018 263867 TH6 $125,000 4.400% 2019 263867 TJ2 $130,000 4.500% 2020 263867 TK9 $135,000 4.600% 2021 263867 TL7 $140,000 4.700% 2022 263867 TM5 $150,000 4.750% 2023 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 Registrar (End of Notice) -4- PASSED AND APPROVED this 7th day of March, 2016. ATTEST: Mayor -5- CERTIFICATE STATE OF IOWA ) SS COUNTY OF DUBUQUE I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the proceedings, and that no controversy or litigation is pending, prayedor 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 the City hereto affixed this 8TH day of March , 2016. (SEAL) 01189239-1\10422-165 City Cler ity of Dub ` qu-,'tate of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. of:Go3 AL ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Bonds, Series 2005A, dated April 18, 2005. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in r e g u 1 a r 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: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: -1- Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2005A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED APRIL 18, 2005, 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: Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 74-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2005A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED APRIL 18, 2005, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated April 4, 2005, authorize the issuance of $1,750,000 General Obligation Bonds, Series 2005A, (the "Bonds") dated April 18, 2005; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2015 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 $990,000 be so redeemed on April 8, 2016 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 Bonds, dated April 18, 2005, in the principal amount of $990,000, be and the same are hereby redeemed as of April 8, 2016. Wells Fargo Bank,N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 -2- registered owners of the Bonds by certified mail, and to notify DTC and EMMA (via searchable PDF electronic filing). Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- 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: $1,750,000 Bond Issue: General Obligation Bonds, Series 2005A Dated Date: April 18, 2005 Redemption Date: April 8, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 TY9 $ 90,000 4.00% 2016 263867 TZ6 $ 95,000 4.10% 2017 263867 UA9 $100,000 4.20% 2018 263867 UB7 $105,000 4.25% 2019 263867 UC5 $110,000 4.30% 2020 263867 UD3 $115,000 4.35% 2021 263867 UE1 $120,000 4.40% 2022 263867 UF8 $125,000 4.45% 2023 263867 UG6 $130,000 4.50% 2024 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 Registrar (End of Notice) -4- PASSED AND APPROVED this 7th day of March, 2016. ATTEST: -5- CERTIFICATE STATE OF IOWA ) SS COUNTY OF DUBUQUE I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 81H day of March , 2016. (SEAL) 01189245-1110422-165 City Cl-` City of D' b •>`, State of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 dlPr'C�'�k�� ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Urban Renewal Bonds, Series 2005B, dated April 18, 2005. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The City Council of the City of Dubuque, State of 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: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: -1- Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION URBAN RENEWAL BONDS, SERIES 2005B, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED APRIL 18, 2005, 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: Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 75-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION URBAN RENEWAL BONDS, SERIES 2005B, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED APRIL 18, 2005, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated April 4, 2005, authorize the issuance of $4,270,000 General Obligation Urban Renewal Bonds, Series 2005B, (the "Bonds") dated April 18, 2005; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2015 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 $3,050,000 be so redeemed on April 8, 2016 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 April 18, 2005, in the principal amount of $3,050,000, be and the same are hereby redeemed as of April 8, 2016. -2- Wells Fargo Bank, N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 and EMMA (via searchable PDF electronic filing). Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- 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: $4,270,000 Bond Issue: General Obligation Urban Renewal Bonds, Series 2005B Dated Date: April 18, 2005 Redemption Date: April 8, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 UT8 $150,000 3.950% 2016 263867 UU5 $530,000 4.000% 2017 263867 UV3 $555,000 4.100% 2018 263867 UW1 $580,000 4.150% 2019 263867 UX9 $605,000 4.200% 2020 263867 UY7 $630,000 4.250% 2021 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 Registrar (End of Notice) -4- PASSED AND APPROVED this 7th day of March, 2016. a Ot 44; ATTEST: Mayor -5- STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS 1, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the matter at the meeting held and ohn the note beeni amended ncated in ore e attachment, which proceedings remain in full force and effect, rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of public hearing 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 officelace of easily accessible to the public and clearly designated for that purpose at the principal the Council (a copy of the face sheet of the agenda being Code of owae uponreasonable tadvance he local rules of the Council and the provisions of Chapter 21, notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the le thereof duly andic present in dlawfully possessed of certify that the individuals named therein were on the date their respective City offices as indicated therein, that no Council vacancy existedex or as may be stated in the proceedings, and that no � controversy or litigation is pending, prayed 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 the City hereto affixed this 8th March , 2016. (SEAL) 01189248-1\10422-165 Ili City Cler ity of e, State of Iowa day of ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.orglmedia and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE PROCLAMATIONS) 1. Kids to Parks Day (May 21, 2016) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa. Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Bonds, Series 2006A, dated May 2, 2006. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The City Council of the City of Dubuque, State of Iowa, met in regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6 : 3° o'clock P.M., on the above date. There were present Mayor R o y D . B u o l , in the chair, and the following named Council Members: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2006A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED MAY 2, 2006, 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: _Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 76-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION BONDS, SERIES 2006A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED MAY 2, 2006, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated April 17, 2006, authorize the issuance of $2,900,000 General Obligation Bonds, Series 2006A, (the "Bonds") dated May 2, 2006; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2014 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 $1,830,000 be so redeemed on April 8, 2016 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 Bonds, dated May 2, 2006, in the principal amount of $1,830,000, be and the same are hereby redeemed as of April 8, 2016. Wells Fargo Bank, N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 and EMMA (via searchable PDF electronic filing). -2- Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- 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: $2,900,000 Bond Issue: General Obligation Bonds, Series 2006A Dated Date: May 2, 2006 Redemption Date: April 8, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 VV2 $150,000 3.900% 2016 263867 VW0 $155,000 3.950% 2017 263867 VX8 $160,000 4.000% 2018 263867 VY6 $170,000 4.050% 2019 263867 VZ3 $175,000 4.100% 2020 263867 WA7 $185,000 4.125% 2021 263867 WB5 $195,000 4.125% 2022 263867 WC3 $205,000 4.150% 2023 263867 WD1 $210,000 4.200% 2024 263867 WE9 $225,000 4.200% 2025 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 Registrar (End of Notice) -4- PASSED AND APPROVED this 7th day of March, 2016. CO, Li Mayor 7 ATTEST: STATE OF IOWA CERTIFICATE ) SS COUNTY OF DUBUQUE ) I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 8th March , 2016. (SEAL) 01189257-1 \10422-165 day of City Clerk, ity of Dubuque, ate of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE PROCLAMATION(S) 1. Kids to Parks Day (May 21, 2016) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. ITEMS TO INCLUDE ON AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Stormwater Bonds, Series 2008A, dated November 4, 2008. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. March 7, 2016 The City Council of the City of Dubuque, State of 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 R o y D . B u o 1 , in the chair, and the following named Council Members: Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: -1- Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION STORMWATER BONDS, SERIES 2008A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED NOVEMBER 4, 2008, AND DIRECTING NOTICE BE GIVEN" and moved its adoption. Council Member J on e s seconded the motion to adopt. The roll was called and the vote was, AYES: Resnick, Lynch, Buol, Delt Toro, Jones, Connors, Rios NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 77-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION STORMWATER BONDS, SERIES 2008A, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED NOVEMBER 4, 2008, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated October 20, 2008, authorize the issuance of $3,885,000 General Obligation Stormwater Bonds, Series 2008A, (the "Bonds") dated November 4, 2008; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2016 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 $2,705,000 be so redeemed on June 1, 2016 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 Stormwater Bonds, dated November 4, 2008, in the principal amount of $2,705,000, be and the same are hereby redeemed as of June 1,2016. -2- Welts Fargo Bank, N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 and EMMA (via searchable PDF electronic filing). Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- 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: $3,885,000 Bond Issue: General Obligation Stormwater Bonds, Series 2008A Dated Date: November 4, 2008 Redemption Date: June 1, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 YJ6 $175,000 4.100% 2017 263867 YK3 $185,000 4.250% 2018 263867 YL1 $190,000 4.300% 2019 263867 YM9 $200,000 4.375% 2020 263867 YN7 $205,000 4.400% 2021 263867 YP2 $215,000 .4.500% 2022 263867 YQO $225,000 4.500% 2023 263867 YR8 $240,000 4.500% 2024 263867 YS6 $250,000 4.625% 2025 263867 YT4 $260,000 4.700% 2026 263867 YU1 $275,000 4.750% 2027 263867 YV9 $285,000 4.800% 2028 No representation is made as to the accuracy of the CUSIP numbers printed herein or on the Bonds. -4- 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 Registrar (End of Notice) -5- PASSED AND APPROVED this 7th day of March, 2016. ATTEST: -6- STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 8th day of March , 2016. (SEAL) 01189257-1\10422-165 City Cler rtyof Dubuqu , gate of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct a work session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body. AL ITEMS TO INCLUDE ON. AGENDA FOR MARCH 7, 2016 CITY OF DUBUQUE, IOWA • Resolution Authorizing the Redemption of Outstanding General Obligation Urban Renewal Bonds, Series 2008B,. dated November 4, 2008. NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE CITY. The City Council of the City of Dubuque, State of Iowa, met in March 7, 2016 regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at o'clock P.M., on the above date. There were present Mayor R o y D . B u o l , in the chair, and the following named Council Members: 6:30 Joyce Connors, Luis Del Toro, Ric Jones Kevin Lynch, David Resnick, Jake Rios Absent: Council Member Connors introduced the following Resolution entitled "RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION URBAN RENEWAL BONDS, SERIES 2008B, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED NOVEMBER 4, 2008, 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: Resnick, Lynch, Buol, Del Toro, NAYS: Jones, Connors, Rios Whereupon, the Mayor declared the resolution duly adopted as follows: RESOLUTION NO. 78-16 RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING GENERAL OBLIGATION URBAN RENEWAL BONDS, SERIES 2008B, OF THE CITY OF DUBUQUE, STATE OF IOWA, DATED NOVEMBER 4, 2008, AND DIRECTING NOTICE BE GIVEN WHEREAS, the City did by resolution dated October 20, 2008, authorize the issuance of $3,290,000 General Obligation Urban Renewal Bonds, Series 2008B, (the "Bonds") dated November 4, 2008; and WHEREAS, the Bonds are redeemable in any order of their numbering on June 1, 2016 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 $1,790,000 be so redeemed on June 1, 2016 and notice of redemption be given according to the teiins 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 November 4, 2008, in the principal amount of $1,790,000, be and the same are hereby redeemed as of June 1, 2016. i! Wells Fargo Bank, N.A., in their capacity as Registrar and Paying Agent of the Bonds, 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 and EMMA (via searchable PDF electronic filing). Section 2. The Finance Director is hereby authorized and directed to cause to be deposited in a separate fund sum sufficient to pay all principal and interest on the redeemed Bonds to the date of redemption. Section 3. That the form of such notice be substantially as follows: -3- 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: $3,290,000 Bond Issue: General Obligation Urban Renewal Bonds, Series 2008B Dated Date: November 4, 2008 Redemption Date: June 1, 2016 Redemption Price: At par, plus accrued interest Bonds Called for Redemption CUSIP Principal Interest Maturity Numbers Amount Rate June 1st 263867 ZE6 $225,000 4.00% 2017 263867 ZF3 $230,000 4.00% 2018 263867 ZG1 $245,000 4.00% 2019 263867 ZH9 $255,000 4.25% 2020 263867 ZJ5 $265,000 4.25% 2021 263867 ZK2 $280,000 4.25% 2022 263867 ZLO $290,000 4.25% 2023 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 Registrar (End of Notice) PASSED AND APPROVED this 7th day of March, 2016. ATTEST: -5- STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 8th March , 2016. (SEAL) 01189257-1\10422-165 day of City ClerkC. ' ity of Dubuq T` tate of Iowa ROLL CALL ORDER FOR MEETING OF March 7, 2016 Resnick, Lynch, Buol, Del Toro, Jones, Connors, Rios CITY OF DUBUQUE, IOWA CITY COUNCIL MEETING Historic Federal Building 350 W. 6th Street March 7, 2016 Council meetings are video streamed live and archived at www.cityofdubuque.org/media and on Dubuque's CityChannel on the Mediacom cable system at Channel 8 (analog) and 85.2 (digital). WORK SESSION 1. 5:30 PM - Levee Breach Prevention and Preparedness Activities The Engineering staff will conduct awork session with the City Council on Levee Breach Prevention and Preparedness Activities. REGULAR SESSION 6:30 PM PLEDGE OF ALLEGIANCE 1. Kids to Parks Day (May 21, 2016) PROCLAMATION(S) CONSENT ITEMS The consent agenda items are considered to be routine and non -controversial and all consent items will be normally voted upon in a single motion without any separate discussion on a particular item. If you would like to discuss one of the Consent Items, please go to the microphone and be recognized by the Mayor and state the item you would like removed from the Consent Agenda for separate discussion and consideration. 1. Minutes and Reports Submitted City Council Proceedings of 2/15, 2/17, 2/18, 2/22, 2/24; Civil Service Commission of 2/11, 2/23; Historic Preservation Commission of 2/18; Library Board of Trustees of 12/17/15; Long Range Planning Advisory Commission of 2/17; Proof of Publication for City Council Proceedings of 2/1, 2/2, 2/3, 2/4, 2/8, 2/10; Proof of Publication for List of Claims and Summary of Revenues for Month Ended 12/31/15 Suggested Disposition: Receive and File 2. Disposition of Claims City Attorney advising that the following claims have been referred to Public Entity Risk Services of Iowa, the agent for the Iowa Communities Assurance Pool: Area Residential Care for Property Damage; Mark Pottebaum for property damage; Ron Smith & Sons Construction for vehicle damage; Katelyn Shima for vehicle damage Suggested Disposition: Receive and File; Concur Pg. 1 IMPORTANT INFORMATION 1. The attached agenda item(s) must be included in your Agenda for this meeting, and the Agenda must be posted on a bulletin board or other prominent place easily assessable to the public and clearly designated for that purpose at the principal office of the body holding the meeting. If no such office exists, the notice must be posted at the building in which the meeting is to be held. 2. If you do not have a bulletin board designated as above mentioned, so designate one and establish a uniform policy of posting your notices of meeting and tentative agenda. 3. Notice and tentative agenda must be posted at least 24 hours prior to the commencement of the meeting. 4. The notice must be signed by the Clerk or Secretary of the governmental body.