14-10987r CITY OF RICHFIELD
RESOLUTION NO. 10987
RESOLUTION PROVIDING FOR THE PREPAYMENT AND
REDEMPTION OF THE CITY'S GROSS REVENUE ICE ARENA
BONDS,SERIES 1999
BE IT RESOLVED By the City Council of the City of Richfield, Minnesota (the "City"), as
follows:
1. The City has previously issued and sold its Gross Revenue Ice Arena Bonds, Series 1999
(the"Bonds"), dated as of May 1, 1999, in the original aggregate principal amount of $1,660,000, of
which $685,000 in principal amount is currently outstanding. Bonds maturing on or after
February 1, 2010 are subject to call for prior redemption on February 1, 2009 or on any date thereafter at
a price of par plus accrued interest. Redemption may be in whole or in part, and if in part, at the option of
the City and in such order as the City will determine and within a maturity selected by U.S. Bank
National Association (successor-in-interest to Firstar Bank of Minnesota, N.A.), Saint Paul, Minnesota,
acting as the registrar for the Bonds (the "Registrar"). Prepayments will be at a price of par plus accrued
interest.
2. It is determined that it is in the best interests of the sound financial management of the
City that Bonds maturing on February 1, 2017 and thereafter, comprising all of the Bonds subject to
redemption, be prepaid and redeemed on December 5, 2014 (or on the first date thereafter for which the
Registrar of the Bonds can provide proper notice to the holders of the Bonds), and those Bonds are hereby
called for redemption on that date in the aggregate principal amount of$685,000.
3. The Registrar is authorized and directed to mail notice of call for redemption of the
Bonds in the form attached hereto as EXHIBIT A to the registered owners of the Bonds to be redeemed at
the address shown on the registration books kept by the Registrar.
Adopted by the City Council of the City of Richfield this 28th day of October,2014.
Debbie Goettel,Mayor
ATT ST:
Nancy Gibbs,C� lerk
EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
$1,660,000
CITY OF RICHFIELD,MINNESOTA
GROSS REVENUE ICE ARENA BONDS
SERIES 1999
NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Richfield,
Minnesota(the"City"),there have been called for redemption and prepayment on
December 5, 2014
all outstanding bonds of the City designated as the Gross Revenue Ice Arena Bonds, Series 1999, dated as
of May 1, 1999, having a stated maturity date of February 1 in the years 2017 through 2020, both
inclusive,totaling$685,000 in principal amount, and with the following CUSIP numbers:
Year of Maturity Amount CUSIP
2017 $315,000 763332 AS2
2020 370,000 763332 AV5
The bonds are being called at a price of par plus accrued interest to December 5, 2014, 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
(successor-in-interest to Firstar Bank of Minnesota, N.A.), in the City of Saint Paul, Minnesota, at the
following address, on or before December 5, 2014:
If by mail: If by hand or overnight:
U.S. Bank National Association U.S. Bank National Association
Corporate Trust Operations, 3rd Floor 60 Livingston Avenue
P.O. Box 64111 EP-MN-WS3C
St. Paul, MN 55164-0111 Bond Drop Window, 1st Floor
St. Paul, MN 55107
Important Notice: In compliance with the Jobs and Growth Tax Relief Reconciliation Act of 2003,
federal backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time
the payment by the redeeming institutions if they are not provided with your social security number or federal
employer identification number, properly certified. This requirement is fulfilled by submitting a W-9 Form,
which may be obtained at a bank or other financial institution.
Dated: ,2014.
BY ORDER OF THE CITY COUNCIL OF THE CITY
OF RICHFIELD,MINNESOTA
By /s/ Steven Devich
City Manager
City of Richfield, Minnesota
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