CCR2019021-Water Bonds
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #021-2019
RESOLUTION AUTHORIZING THE REDEMPTION OF
WATER SYSTEM REVENUE REFUNDING BONDS, DATED NOVEMBER 8, 2011
WHEREAS, the City of Muskego, Waukesha County, Wisconsin (the "City") has
outstanding its Water System Revenue Refunding Bonds, dated November 8, 2011, which
mature on May 1, 2020 (the "2011 Bonds");
WHEREAS, this Common Council has determined that it is necessary and desirable to
call the 2011 Bonds for redemption on May 1, 2019 with City funds on hand;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Muskego, Waukesha County, Wisconsin, that the 2011 Bonds are called for prior payment on
May 1, 2019 at the price of par plus accrued interest to the date of redemption.
The City hereby directs the City Clerk to work with its financial advisor, Hutchinson,
Shockey, Erley & Co., to cause timely notice of redemption, in substantially the form attached
hereto as Exhibit A and incorporated herein by this reference (the "Notice"), to be provided at the
times, to the parties and in the manner set forth on the Notice.
Passed this 12th day of March, 2019.
Approved this 12th day of March, 2019.
______________________________
Mayor
Attest:
______________________________
City Clerk
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EXHIBIT A
NOTICE OF FULL CALL*
City of Muskego
Waukesha County, Wisconsin
Water System Revenue Refunding Bonds
Dated November 8, 2011
NOTICE IS HEREBY GIVEN that the Bonds of the above-referenced issue which
mature on the date and in the amount; bear interest at the rate; and have the CUSIP No. as set
forth below have been called for prior payment on May 1, 2019 at a redemption price equal to
100% of the principal amount thereof plus accrued interest to the date of prepayment:
Maturity Date Principal Amount Interest Rate CUSIP No.
05/01/2020 $475,000 4.00% 627655DG5
Upon presentation and surrender of said Bonds to Associated Trust Company, National
Association, Green Bay, Wisconsin, the registrar and fiscal agent for said Bonds, the registered
owners thereof will be paid the principal amount of the Bonds plus accrued interest to the date of
prepayment.
Said Bonds will cease to bear interest on May 1, 2019.
By Order of the
Common Council
City of Muskego
City Clerk
Dated March 12, 2019
* To be provided to Associated Trust Company, National Association, Green Bay, Wisconsin, at least thirty-five (35) days prior
to May 1, 2019. The registrar and fiscal agent shall be directed to give notice of such prepayment by registered or certified
mail, overnight express delivery, facsimile transmission, electronic transmission or in any other manner required by The
Depository Trust Company, to The Depository Trust Company, Attn: Supervisor, Call Notification Department, 570
Washington Blvd., Jersey City, NJ 07310, not less than thirty (30) days nor more than sixty (60) days prior to May 1, 2019
and to the MSRB electronically through the Electronic Municipal Market Access (EMMA) System website at
www.emma.msrb.org.
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