CCR2014073-Bonds
RESOLUTION NO. 073-2014
RESOLUTION AUTHORIZING THE REDEMPTION OF
SEWER SYSTEM REVENUE REFUNDING BONDS, SERIES 2005
WHEREAS, the City of Muskego, Waukesha County, Wisconsin (the "City") has
outstanding its Sewer System Revenue Refunding Bonds, Series 2005, dated March 1, 2005,
which mature on May 1 of the years 2015 through 2020 (the "2005 Bonds");
WHEREAS, this Common Council has determined that it is necessary and desirable to
call the 2005 Bonds for redemption on November 1, 2014 with City funds on hand;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Muskego, Waukesha County, Wisconsin, that the 2005 Bonds are called for prior payment on
November 1, 2014 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.
rd
Passed this 23 day of September, 2014.
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Approved this 23 day of September, 2014.
______________________________
Mayor
Attest:
______________________________
City Clerk
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EXHIBIT A
NOTICE OF FULL CALL*
Regarding
CITY OF MUSKEGO
WAUKESHA COUNTY, WISCONSIN
SEWER SYSTEM REVENUE REFUNDING BONDS, SERIES 2005
DATED MARCH 1, 2005
NOTICE IS HEREBY GIVEN that the Bonds of the above-referenced issue which
mature on the dates and in the amounts; bear interest at the rates; and have CUSIP Nos. as set
forth below have been called by the City for prior payment on November 1, 2014 at the principal
amount thereof plus accrued interest to the date of prepayment:
Maturity Date Principal Amount Interest Rate CUSIP No.
05/01/2015 $305,000 3.70% 627653EE4
05/01/2016 320,000 3.80 627653EF1
05/01/2017 330,000 3.90 627653EG9
05/01/2018 345,000 4.00 627653EH7
05/01/2019 350,000 4.00 627653EJ3
05/01/2020 355,000 4.00 627653EK0
The City shall deposit federal or other immediately available funds sufficient for such
redemption at the office of The Depository Trust Company on or before November 1, 2014.
Said Bonds will cease to bear interest on November 1, 2014.
By Order of the
Common Council
City of Muskego
City Clerk
Dated September 23, 2014
* To be provided by registered or certified mail, facsimile transmission or overnight express delivery to The Depository
Trust Company, Attn: Supervisor, Call Notification Department, 570 Washington Blvd., Jersey City, NJ 07310, not less than
thirty (30) days prior to November 1, 2014 and to the MSRB. Notice shall also be provided to XL Capital Assurance Inc., or its
successor, the bond insurer of the Bonds.
**
If the Bonds are subject to the continuing disclosure requirements of SEC Rule 15c2-12 effective July 3, 1995, this
Notice should be filed electronically with the MSRB through the Electronic Municipal Market Access (EMMA) System website
at www.emma.msrb.org.
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