RESOLUTION NO. 6683
OF
ADOPTED
SEPTEMBER 12, 2006
$16,345,000
GENERAL OBLIGATION TEMPORARY NOTES
SERIES 2006-I
GILMORE
& BELL, P.C.
Draft
- September 7, 2006
Document
No. K107973\BasicDocs2(Notes)
BASIC
DOCUMENTS - REGISTERED NOTES
A. Excerpt of Minutes of Meeting approving
sale and approving Note Resolution
B. Note Resolution
EXCERPT OF MINUTES OF A MEETING
OF THE GOVERNING BODY OF
HELD ON SEPTEMBER
12, 2006
The governing body met
in regular session at the usual meeting place in the City, at 6:35 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.
* * * * * * * * * * * * * *
(Other Proceedings)
The Clerk reported that
pursuant to the Notice of Sale heretofore duly given, bids for the purchase of
$16,345,000 principal amount of General Obligation Temporary Notes, Series 2006-I, dated September
15, 2006, of the City had been
received. A tabulation of said bids is
set forth as Exhibit A hereto.
Thereupon, the
governing body reviewed and considered the bids and it was found and determined
that the bid of ____________________________________________________________,
was the best bid for the Notes, a copy of which is attached hereto as Exhibit B.
City ______________ moved that said bid be accepted and that the Mayor and Clerk be authorized and directed to
execute the bid form selling the Notes to the best bidder on the basis of said
bid and the terms specified in the Notice of Note Sale. The motion was seconded by City ______________. Said motion was carried by a vote of the
governing body with the vote being as follows:
Yea:
______________________________________________________________.
Nay:
______________________________________________________________.
Thereupon, there was
presented a Resolution entitled:
A RESOLUTION AUTHORIZING AND DIRECTING THE
ISSUANCE, SALE AND DELIVERY OF $16,345,000
PRINCIPAL AMOUNT OF GENERAL OBLIGATION TEMPORARY
NOTES, SERIES 2006-I, OF THE CITY OF LAWRENCE, KANSAS; PROVIDING FOR THE
LEVY AND COLLECTION OF AN ANNUAL TAX, IF NECESSARY, FOR THE PURPOSE OF PAYING
THE PRINCIPAL OF AND INTEREST ON SAID NOTES AS THEY BECOME DUE; MAKING CERTAIN
COVENANTS AND AGREEMENTS TO PROVIDE FOR THE PAYMENT AND SECURITY THEREOF; AND
AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS CONNECTED THEREWITH.
Thereupon, City ______________ moved that said Resolution
be adopted. The motion was seconded by City ______________. 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:
Yea:
______________________________________________________________.
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.
* * * * * * * * * * * * * *
(Other Proceedings)
[BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK]
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.
(SEAL)
Clerk
EXHIBIT
A
BID TABULATION
$16,345,000
GENERAL OBLIGATION TEMPORARY NOTES
Dated: September 15, 2006
Series 2006-I 11:30 A.M. C.D.T.
Good Faith Deposit: $ Max
Interest Rate: _____%
BIDDERS
|
|
____________ _____________ |
_____________ _____________ |
_____________ _____________ |
_____________ _____________ |
|
GOOD FAITH CHECK/SURETY BOND |
___ |
___ |
___ |
___ |
|
INTEREST RATES: |
|
|
|
|
|
2007 |
_____% |
_____% |
_____% |
_____% |
|
TOTAL INTEREST COST: |
$_____________ |
$_____________ |
$_____________ |
$_____________ |
|
PREMIUM: |
$(___________) |
$(_____________) |
$(_____________) |
$(_____________) |
|
DISCOUNT: |
$_____________ |
$_____________ |
$_______________ |
$_____________ |
|
NET INTEREST COST: |
$_____________ |
$_____________ |
$_______________ |
$_____________ |
|
|
|
|
|
|
EXHIBIT
B
(BID OF PURCHASER)
RESOLUTION NO. 6683
OF
ADOPTED
SEPTEMBER 12, 2006
$16,345,000
GENERAL OBLIGATION TEMPORARY NOTES
SERIES 2006-I
RESOLUTION
TABLE OF CONTENTS
Article I
DEFINITIONS
Section
101. Definitions
of Words and Terms.
Article II
AUTHORIZATION
AND DETAILS OF THE NOTES
Section
201. Authorization
of the Notes.
Section
202. Description
of the Notes.
Section
203. Designation
of Paying Agent and Note Registrar.
Section
204. Method
and Place of Payment of the Notes.
Section
205. Payments
Due on Saturdays, Sundays and Holidays.
Section
206. Registration,
Transfer and Exchange of Notes.
Section
207. Execution,
Registration, Authentication and Delivery of Notes.
Section
208. Mutilated,
Lost, Stolen or Destroyed Notes.
Section
209. Cancellation
and Destruction of Notes Upon Payment.
Section
210. Book-Entry
Notes; Securities Depository.
Section
211. Nonpresentment
of Bonds.
Section
212. Preliminary
and Final Official Statement.
Section
213. Sale
of the Notes.
Article III
REDEMPTION OF
NOTES
Section
301. No
Redemption of Notes.
Article IV
SECURITY FOR
NOTES
Section
401. Security
for the Notes.
Section
402. Levy
and Collection of Annual Tax.
Article V
ESTABLISHMENT
OF FUNDS AND ACCOUNTS DEPOSIT AND
APPLICATION OF NOTE PROCEEDS AND OTHER MONEYS
Section
501. Creation
of Funds and Accounts.
Section
502. Deposit
of Note Proceeds.
Section
503. Application
of Moneys in the Improvement Fund.
Section
504. Substitution
of Improvements.
Section 505. Application of Moneys in Debt Service Account.