HomeMy WebLinkAboutResolution 2010-021RESOLUTION N0.2010-021
A RESOLUTION providing for the redemption of certain outstanding obligations
of the City of North Richland Hills, Texas; and resolving other matters
incident and related to the redemption of such obligations.
WHEREAS, the City of North Richland Hills, Texas (the "City") has issued and there is
currently outstanding certain obligations more particularly described as follows (collectively, the
"Redeemed Obligations"):
(1) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 1998", dated May 1, 1998,
scheduled to mature on February 15, 2011 in the principal amount of $305,000;
(2) "City of North Richland Hills, Texas, General Obligation Bonds, Series 1999",
dated April 15, 1999, scheduled to mature on February 15 in each of the years 2011 and 2012,
and aggregating in the principal amount of $200,000;
(3) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 1999", dated April 15, 1999,
scheduled to mature on February 15 in each of the years 2011 through 2013, and aggregating in
the principal amount of $530,000;
(4) "City of North Richland Hills, Texas, General Obligation Bonds, Series 2000",
dated May 1, 2000, scheduled to mature on February 15, 2011 in the principal amount of
$135,000; and
(5) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 2000", dated May 1, 2000,
scheduled to mature on February 15, 2011 in the principal amount of $115,000; and
WHEREAS, the Redeemed Obligations were authorized, issued, sold and delivered
subject to the right and authority of the City to redeem the same prior to maturity, as provided in
the ordinances authorizing the issuance of the Redeemed Obligations and in the Redeemed
Obligations; and
WHEREAS, the City Council (the "Council") hereby finds and determines that
Redeemed Obligations should be redeemed prior to their maturities on the date and in the
manner hereinafter provided and in accordance with the requirements prescribed therefor and
notice of redemption of such Redeemed Obligations should be approved and authorized to be
given at this time by the Council; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS:
SECTION 1: The obligations of those series known as
(1) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 1998", dated May 1, 1998,
scheduled to mature on February 15, 2011 in the principal amount of $305,000; and
85618682.1/10910791
(2) "City of North Richland Hills, Texas, General Obligation Bonds, Series 1999",
dated April 15, 1999, scheduled to mature on February 15 in each of the years 2011 and 2012,
and aggregating in the principal amount of $200,000; and
(3) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 1999", dated April 15, 1999,
scheduled to mature on February 15 in each of the years 2011 through 2013, and aggregating in
the principal amount of $530,000; and
(4) "City of North Richland Hills, Texas, General Obligation Bonds, Series 2000",
dated May 1, 2000, scheduled to mature on February 15, 2011 in the principal amount of
$13 5,000; and
(5) "City of North Richland Hills, Texas, Tax and Waterworks and Sewer System
(Limited Pledge) Revenue Certificates of Obligation, Series 2000", dated May 1, 2000,
scheduled to mature on February 15, 2011 in the principal amount of $115,000
shall be redeemed and the same are hereby called for redemption on June 29, 2010, at the price
of par and accrued interest to the date of redemption. The City Secretary is hereby authorized
and directed to file a copy of this Resolution, together with suggested forms of notices of
redemption to be sent to holders of each respective series of Redeemed Obligations, with The
Bank of New York Mellon Trust Company, N.A. (as successor paying agent/registrar to Bank
One, Texas, N.A.), in accordance with the redemption provisions applicable to such Redeemed
Obligations; such suggested forms of notices of redemption being attached hereto as Exhibit A
through Exhibit E and incorporated herein by reference as a part of this Resolution for all
purposes.
SECTION 2: The City Secretary is hereby authorized and directed to make all
arrangements necessary to notify the holders of the Redeemed Obligations of the City's decision
to redeem the Redeemed Obligations on the date and in the manner herein provided and in
accordance with the ordinances authorizing the issuance of the Redeemed Obligations.
SECTION 3: It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by V.T.C.A., Government Code, Chapter 551, as amended.
SECTION 4: This Resolution shall be in force and effect from and after its passage on
the date shown below.
[Remainder of page left blank intentionally]
85618682.1/10910791 2
PASSED AND ADOPTED, this May 24, 2010.
CITY O NORTH HLAND HILLS, TEXAS
Mayor
ATTEST:
City Secretary
TO LEGALITY:
City
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85618682.1/10910791 S-1
EXHIBIT A
NOTICE OF REDEMPTION
CITY OF NORTH RICHLAND HILLS, TEXAS,
TAX AND WATERWORKS AND SEWER SYSTEM
(LIMITED PLEDGE) REVENUE CERTIFICATES OF OBLIGATION,
SERIES 1998
DATED MAY 1, 1998
NOTICE IS HEREBY GNEN that the obligations of the above series maturing on
February 15, 2011 in the principal amount of $305,000 have been called for redemption on
June 29, 2010 at the redemption price of par and accrued interest to the date of redemption, such
obligations being identified as follows:
Year of Principal CUSIP
Maturity Amount Number
2011 $305,000
ALL SUCH OBLIGATIONS shall become due and payable on June 29, 2010, and
interest thereon shall cease to accrue from and after said redemption date and payment of the
redemption price of said obligations shall be paid to the registered owners thereof only upon
presentation and surrender of such obligations to The Bank of New York Mellon Trust
Company, N.A., Dallas, Texas (as successor paying agent/registrar to Bank One, Texas, N.A.), at
its designated offices at the following addresses:
First Class/
Registered/Certified
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P. O. Box 396
East Syracuse, NY 13057
Express Delivery/Courier
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Pkwy.
East Syracuse, NY 13057
By Hand Only
The Bank of New York Mellon Trust
Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, ls` Floor East
New York, New York 10286
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for
the redemption of said obligations and pursuant to an ordinance adopted by the City Council of
the City of North Richland Hills, Texas.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
85618682.1/ 10910791 A' 1
EXHIBIT B
NOTICE OF REDEMPTION
CITY OF NORTH RICHLAND HILLS, TEXAS,
GENERAL OBLIGATION BONDS,
SERIES 1999
DATED APRIL 15, 1999
NOTICE IS HEREBY GIVEN that the bonds of the above series maturing on and after
February 15, 2011 and aggregating in the principal amount of $200,000 have been called for
redemption on June 29, 2010 at the redemption price of par and accrued interest to the date of
redemption, such bonds being identified as follows:
Year of Principal CUSIP
Maturity Amount Number
2011 $100,000
2012 $100,000
ALL SUCH BOND5 shall become due and payable on June 29, 2010, and interest
thereon shall cease to accrue from and after said redemption date and payment of the redemption
price of said bonds shall be paid to the registered owners thereof only upon presentation and
surrender of such bonds to The Bank of New York Mellon Trust Company, N.A., Dallas, Texas
(as successor paying agent/registrar to Bank One, Texas, N.A.), at its designated offices at the
following addresses:
First Class/
Re~istered/Certified
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P. O. Box 396
East Syracuse, NY 13057
Express Delivery/Courier
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Pkwy.
East Syracuse, NY 13057
By Hand Only
The Bank of New York Mellon Trust
Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, 1st Floor East
New York, New York 10286
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for
the redemption of said bonds and pursuant to an ordinance adopted by the City Council of the
City of North Richland Hills, Texas.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
85618682.1/10910791 B' 1
EXI3IBIT C
NOTICE OF REDEMPTION
CITY OF NORTH RICHLAND HILLS, TEXAS,
TAX AND WATERWORKS AND SEWER SYSTEM
(LIMITED PLEDGE) REVENUE CERTIFICATES OF OBLIGATION,
SERIES 1999
DATED APRIL 15, 1999
NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on and
after February 15, 2011 and aggregating in the principal amount of $530,000 have been called
for redemption on June 29, 2010 at the redemption price of par and accrued interest to the date of
redemption, such obligations being identified as follows:
Year of Principal CUSIP
Maturity Amount Number
2011 $180,000
2012 $175,000
2013 $175,000
ALL SUCH OBLIGATIONS shall become due and payable on June 29, 2010, and
interest thereon shall cease to accrue from and after said redemption date and payment of the
redemption price of said obligations shall be paid to the registered owners thereof only upon
presentation and surrender of such obligations to The Bank of New York Mellon Trust
Company, N.A., Dallas, Texas (as successor paying agent/registrar to Bank One, Texas, N.A.), at
its designated offices at the following addresses:
First Class/
Registered/Certified
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P. O. Box 396
East Syracuse, NY 13057
Express Delivery/Courier
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Pkwy.
East Syracuse, NY 13057
By Hand Only
The Bank of New York Mellon Trust
Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, 1S` Floor East
New York, New York 10286
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for
the redemption of said obligations and pursuant to an ordinance adopted by the City Council of
the City of North Richland Hills, Texas.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
85618682.1/10910791 C-1
EXHIBIT D
NOTICE OF REDEMPTION
CITY OF NORTH RICHLAND HILLS, TEXAS,
GENERAL OBLIGATION BONDS,
SERIES 2000
DATED MAY 1, 2000
NOTICE IS HEREBY GIVEN that the bonds of the above series maturing on
February 15, 2011 in the principal amount of $135,000 have been called for redemption on
June 29, 2010 at the redemption price of par and accrued interest to the date of redemption, such
bonds being identified as follows:
Year of Principal CUSIP
Maturity Amount Number
2011 $135,000
ALL SUCH BONDS shall become due and payable on June 29, 2010, and interest
thereon shall cease to accrue from and after said redemption date and payment of the redemption
price of said bonds shall be paid to the registered owners thereof only upon presentation and
surrender of such bonds to The Bank of New York Mellon Trust Company, N.A., Dallas, Texas
(as successor paying agent/registrar to Bank One, Texas, N.A.), at its designated offices at the
following addresses:
First Class/
Re~istered/Certified
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P. O. Box 396
East Syracuse, NY 13057
Express Delivery/Courier
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Pkwy.
East Syracuse, NY 13057
B_y Hand Only
The Bank of New York Mellon Trust
Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, 15` Floor East
New York, New York 10286
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for
the redemption of said bonds and pursuant to an ordinance adopted by the City Council of the
City of North Richland Hills, Texas.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
85618682.1/10910791 D-1
EXHIBIT E
NOTICE OF REDEMPTION
CITY OF NORTH RICHLAND HILLS, TEXAS,
TAX AND WATERWORKS AND SEWER SYSTEM
(LIMITED PLEDGE) REVENUE CERTIFICATES OF OBLIGATION,
SERIES 2000
DATED MAY 1, 2000
NOTICE IS HEREBY GIVEN that the obligations of the above series maturing on
February 15, 2011 in the principal amount of $115,000 have been called for redemption on
June 29, 2010 at the redemption price of par and accrued interest to the date of redemption, such
obligations being identified as follows:
Year of Principal CUSIP
Maturi Amount Number
2011 $115,000
ALL SUCH OBLIGATIONS shall become due and payable on June 29, 2010, and
interest thereon shall cease to accrue from and after said redemption date and payment of the
redemption price of said obligations shall be paid to the registered owners thereof only upon
presentation and surrender of such obligations to The Bank of New York Mellon Trust
Company, N.A., Dallas, Texas (as successor paying agent/registrar to Bank One, Texas, N.A.), at
its designated offices at the following addresses:
First Class/
Registered/Certified
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
P. O. Box 396
East Syracuse, NY 13057
Express Delivery/Courier
The Bank of New York Mellon
Trust Company, N.A.
Global Corporate Trust
111 Sanders Creek Pkwy.
East Syracuse, NY 13057
By Hand Only
The Bank of New York Mellon Trust
Company, N.A.
Global Corporate Trust
Corporate Trust Window
101 Barclay Street, 15` Floor East
New York, New York 10286
THIS NOTICE is issued and given pursuant to the terms and conditions prescribed for
the redemption of said obligations and pursuant to an ordinance adopted by the City Council of
the City of North Richland Hills, Texas.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
2001 Bryan Street, 9th Floor
Dallas, Texas 75201
85618682.1/10910791 E-1