21-026/04-20 Providing for the Redemption of Certain Outstanding General Oblication Improvement Bonds Series 2011A of the CityDocuSign Envelope ID: BBAD79B4-74B3-4A87-9663-17B18E7D74C7
RESOLUTION NO. 21-26
RESOLUTION PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2011 A
OF THE CITY
BE IT RESOLVED By the City Council of the City of Golden Valley, Hennepin County,
Minnesota (the "City"), as follows:
l . The City has issued its General Obligation Improvement Bonds, Series 2011 A,
dated May 15, 2011 (the "Bonds'), in the original aggregate principal amount of $1,840,000. The
Bonds maturing on February 1, 2022 and thereafter, in the aggregate principal amount of $900,000
(the "Callable Bonds'), are subject to redemption and prepayment on any date at a price of par plus
accrued interest.
2. It is determined that it is in the sound financial management of the City that the
Callable Bonds be prepaid and redeemed on June 1, 2021, or such later date for which proper notice
of redemption may be given, and such Bonds are hereby called for redemption on such date.
3. The City Finance Director is authorized and directed to request that U.S. Bank
National Association, the paying agent and bond registrar (the "Registrar"), mail the Notice of Call
for Redemption in substantially the form attached hereto as Exhibit A to the registered owners of
each Bond to be redeemed at the addresses shown on the registration books kept by the Registrar.
4. The City Finance Director is authorized and directed to make temporary interfund
account transfers necessary to pay and redeem the Callable Bonds on their applicable call dates.
Adopted by the City Council of Golden Valley Minnesota this 20t' day of April.
ATTEST:
FTDocuSigned by:
�cac Sc�
Theresa chyma, City Clerk
r�Docuftoed by:
4fa4 At. RaMs
S epar arris, Mayor
A-1
DocuSign Envelope ID: BBAD79B4-74B3-4A87-9663-17B18E7D74C7
EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2011A
CITY OF GOLDEN VALLEY
HENNEPIN COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Golden
Valley, Hennepin County, Minnesota, there have been called for redemption and prepayment on
June 1, 2021
all outstanding obligations of the City designated as General Obligation Improvement Bonds,
Series 201 IA, dated May 15, 2011, having stated maturity dates of February 1 in the years 2022
through 2031, totaling $900,000 in principal amount, and with the following CUSIP numbers:
Year of Maturity
Amount
CUSIP
2022*
$125,000
381246 JB4
2025*
230,000
381246 JE8
2028*
255,000
381246 JH1
2031 *
290,000
381246 JL2
*Term Bond
The Bonds are being called at a price of par plus accrued interest to June 1, 2021, on which date
all interest on said Bonds will cease to accrue. Holders of the Bonds hereby called for
redemption are requested to present their Bonds for payment at the main office of U.S. Bank
National Association, in the City of St. Paul, Minnesota, on or before June 1, 2021, at the
following address:
If by mail:
U.S. Bank National Association
Corporate Trust Operations, 3rd Floor
P.O. Box 64111
St. Paul, MN 55164-0111
If by hand or overnight
U.S. Bank National Association
60 Livingston Avenue
EP-MN-WS3C
Bond Drop Window, V Floor
St. Paul, MN 55107
Important Notice: In compliance with the Economic Growth and Tax Relief
Reconciliation Act of 2003, the City is required to withhold a specified percentage of the
principal amount of the redemption price payable to the holder of any Bonds subject to
redemption and prepayment on the Redemption Date, unless the City is provided with the Social
Security Number or Federal Employer Identification Number of the holder, properly certified.
Submission of a fully executed Request for Taxpayer Identification Number and Certification,
Form W-9, will satisfy the requirements of this paragraph.
A-2
DocuSign Envelope ID: BBAD79B4-74B3-4A87-9663-17B18E7D74C7
The Registrar will not be responsible for the selection or use of the CUSIP number, nor is
any representation made as to the correctness indicated in the Redemption Notice or on any
Bond. It is included solely for convenience of the Holders.
Additional information may be obtained from:
Dated: April 20, 2021.
U.S. Bank National Association
Corporate Trust Division
Bondholder Services (800) 525-8574
BY ORDER OF THE CITY COUNCIL
A-3