RESOLUTION NO. 6860
A RESOLUTION AMENDING RESOLUTION NO. 6844 PERTAINING TO $10,835,000 PRINCIPAL AMOUNT OF TAXABLE WATER AND SEWAGE SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2009-A BUILD AMERICA BONDS (DIRECT PAY), OF THE CITY OF LAWRENCE, KANSAS.
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WHEREAS, pursuant to Ordinance No. 8433 (the “Ordinance”) of the City of Lawrence, Kansas (the “Issuer”), and Resolution No. 6844 (the “Resolution”) of the Issuer, the Issuer has authorized the issuance of the Series 2009-A Bonds (as that term and all the other capitalized terms used herein are defined in the Ordinance and the Resolution); and
WHEREAS, it is necessary to amend the Resolution to clarify the amount of the Debt Service Reserve Requirement for the Series 2009-A Bonds and to provide for capitalized interest on the Series 2009-A Bonds during a portion of the construction period for the Project.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS, AS FOLLOWS:
Section 1. Section 101 of the Resolution is herby amended to read as follows:
“Debt Service Reserve Requirement” means (i) with respect to the Series 2005 Bonds, the sum of $2,284,607.66; (ii) with respect to the Series 2007 Bonds, the sum of $1,729,115.48; (iii) with respect to the Series 2008 Bonds, the sum of $324,260.00; (iv) with respect to the Series 2009-A Bonds, the sum of $667,129.00 and (v) with respect to any Parity Bonds, the amount set forth in any Parity Resolution.
Section 2. Subparagraph (a) of Section 502 of the Resolution is herby amended to read as follows:
(a) All accrued interest received from the sale of the Series 2009-A Bonds together with $169,806.00 representing capitalized interest on the Series 2009-A Bonds for a portion of the construction period for the Project shall be deposited in the Series 2009-A Debt Service Account.
Section 3. Except as specifically amended by this Resolution, the Resolution is hereby ratified and confirmed and shall remain in full force and effect.
ADOPTED by the governing body of the Issuer on August __, 2009.
(SEAL)
Mayor
ATTEST:
Clerk
EXCERPT OF MINUTES OF A MEETING
OF THE GOVERNING BODY OF
THE CITY OF LAWRENCE, KANSAS
HELD ON AUGUST __, 2009
The governing body met in regular session at the usual meeting place in the City, at 6:30 p.m., the following members being present and participating, to-wit:
Absent: .
The Mayor declared that a quorum was present and called the meeting to order.
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(Other Proceedings)
Thereupon, there was presented a Resolution entitled:
A RESOLUTION AMENDING RESOLUTION NO. 6844 PERTAINING TO $10,835,000 PRINCIPAL AMOUNT OF TAXABLE WATER AND SEWAGE SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2009-A BUILD AMERICA BONDS (DIRECT PAY), OF THE CITY OF LAWRENCE, KANSAS.
Thereupon, Commissioner _______ moved that said Resolution be adopted. The motion was seconded by Commissioner_______. Said Resolution was duly read and considered, and upon being put, the motion for the adoption of said Resolution was carried by the vote of the governing body, the vote being as follows:
Aye:
Nay:
Thereupon, the Mayor declared said Resolution duly adopted and the Resolution was then duly numbered Resolution No. ____ and was signed by the Mayor and attested by the Clerk
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(Other Proceedings)
On motion duly made, seconded and carried, the meeting thereupon adjourned.
CERTIFICATE
I hereby certify that the foregoing Excerpt of Minutes is a true and correct excerpt of the proceedings of the governing body of the City of Lawrence, Kansas held on the date stated therein, and that the official minutes of such proceedings are on file in my office.
Dated: August __, 2009
[SEAL]
____________________________________
Clerk