HomeMy WebLinkAbout11. 13-512
NOVEMBER 26, 2013 13-512 RESOLUTION
(CARRIED___7-0___ LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: A RESOLUTION APPOINTING A SUCCESSOR PAYING AGENT
AND REGISTRAR WITH RESPECT TO $9,080,000 AGGREGATE
PRINCIPAL AMOUNT OF GENERAL OBLIGATION CORPORATE
PURPOSE BONDS, SERIES 2013B, $4,175,000 AGGREGATE
PRINCIPAL AMOUNT OF SEWER SYSTEM REVENUE BONDS,
SERIES 2013D AND $3,875,000 AGGREGATE PRINCIPAL
AMOUNT OF WATER SYSTEM REVENUE BONDS, SERIES
2013E AND RELATED MATTERS
INITIATED BY: FINANCE DEPARTMENT
W, the City Council of the City of Oshkosh, Winnebago County,
HEREAS
Wisconsin (the “City”) has duly adopted Resolution No. 13-475, Resolution No. 13-477
and Resolution No. 13-478 (collectively, the “Resolutions”), pursuant to which the City
has authorized the issuance of $9,080,000 aggregate principal amount of General
Obligation Corporate Purpose Bonds, Series 2013B (the “Series 2013B Bonds”),
$4,175,000 aggregate principal amount of Sewer System Revenue Bonds,
Series 2013D (the “Series 2013D Bonds”) and $3,785,000 aggregate principal amount
of Water System Revenue Bonds, Series 2013E (the “Series 2013E Bonds” and,
together with the Series 2013B Bonds and the Series 2013D Bonds, the “Bonds”); and
W, each Resolution appointed by the City Treasurer of the City (the
HEREAS
“Treasurer”) as the Paying Agent and Registrar with respect to the related series of
Bonds; and
W, it is now necessary and desirable to remove the Treasurer as the
HEREAS
Paying Agent and Registrar with respect to each series of Bonds, and to appoint a
successor Paying Agent and Registrar with respect to each series of Bonds;
N, T, Be It Resolved by the City Council of the City of Oshkosh,
OWHEREFORE
Winnebago County, Wisconsin, as follows:
Section 1. Removal of Paying Agent/Registrar. The City hereby removes the
Treasurer as the Paying Agent and Registrar with respect to each series of Bonds.
Section 2. Appointment of Successor Paying Agent/Registrar. The City hereby
appoints U.S. Bank National Association as the successor Paying Agent and Registrar
under each Resolution with respect to the related series of Bonds.
Section 3. Other Documents. The City Manager, the City Clerk, the City
Treasurer/Finance Director and all other officers of the City are hereby authorized to
execute all documents and certificates and to take all actions as may be necessary in
connection with the appointment of the successor Paying Agent and Registrar and the
performance of the obligations of the City hereunder and to carry out and comply with
the terms of this Resolution. This Resolution and all such documents shall be in
substantially the same form contemplated by this Resolution, with such changes as
shall be approved by the officers executing this Resolution and said documents, the
execution thereof to constitute conclusive proof of such approval. For purposes of this
Resolution any reference to the City Treasurer/Finance Director of the City shall include
an Interim City Treasurer/Finance Director of the City.
Section 4. Severability. If any section, paragraph or provision of this Resolution
shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability or such section, paragraph or provision shall not affect any of the
remaining sections, paragraphs and provisions of this Resolution.
Section 5. Conflicting Proceedings Superseded. All ordinances, resolutions or
orders, or parts thereof, heretofore enacted, adopted or entered, in conflict with the
provisions of this Resolution, shall be, and the same are hereby, superseded to the
extent of such conflict, and this Resolution shall be in effect from and after its passage.
Adopted November 26, 2013.
Approved November 26, 2013.
Recorded November 26, 2013.
/s/ Burk Tower
Mayor
ATTEST:
/s/ Pamela R. Ubrig
City Clerk