RES 2007-0193 - Tax allocation and special tax revenue redevelopments bonds series 1997A OMNHA'Ng
4`,/4,it RECEIVEDFinance Department
44041,
r � Omaha/Douglas Civic Center
•f„re; �a, 1819 Farnam Street,Suite 1004
jJ( !P.; 07 JAN 29 PM 14' ?5 Omaha,Nebraska 68183-1004
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i .*: e : ^ (402)444-5416
CITY EJ` Telefax(402)444-5423
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O�4rBD PESO.
OMAHA, HEBRAS! A Carol A.Ebdon
City of Omaha Director
Mike Fahey,Mayor
Allen R.Herink
City Comptroller
January 25, 2007
Honorable President
and Members of the City Council,
We present this Resolution for your consideration pursuant to Ordinance No. 34261, duly
enacted on July 22, 1997 for the purpose of providing funds for public infrastructure relating to
the redevelopment of the former Aksarben property. Ordinance No. 34261 provides for the
application of surplus Tax Allocation Revenues by the City to the special optional redemption of
the Bonds in whole, or in part on any interest payment date, at the price of the principal amount
thereof plus accrued interest to the redemption date.
This Resolution authorizes the City to apply $2,585,758.69 of surplus Tax Allocation Revenue
on deposit in the Tax Allocation and Special Tax Redevelopment Fund established by
Ordinance No. 34261 to the special optional redemption of a portion of the outstanding bond.
This enactment of this resolution will allow the City to designate a $2,550,000 portion of the
Bonds (the "Defeased Bonds") to be redeemed on November 15, 2007, the earliest special
optional redemption date permitted under the Ordinance. The Finance Director of the City of
Omaha will deposit the Surplus Moneys in escrow pending such redemption for the purpose of
defeasing the Defeased Bonds and give notice of the defeasance and redemption of such Bonds.
The defeasance of these bonds will allow the City to remove the Debt from the City's Financial
Statements and reduce the overall debt pledged by the City's Redevelopment Levy.
We urge your favorable consideration of this Resolution.
Respectfully submitted, Referred to City Council for Consideration:
61
01,c I d.tc —U7
Carol A. Ebdon Date Mayor's Office Date
Finance Director
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s O e„a E&A CONSULTING GROUP,INC.
a - g A ENGINEERING•PLANNING•FIELD SERVICES
TRAIL EXHIBIT HUNINGTON PARK
4. " a �. oouaxe cannv,xaaxw ROM:m xxmw im f4t1 nmu"
EXHIBIT"G"
Construction costs and up to 20%for acquisition.
Note(3) Community park fees will be paid by the District to the City when the District's current debt ratio is below 10%and the City's Parks and Finance Directors request the payment.
Note(4) Neighborhood and/or Trails/Blvd fees shall be paid prior to recording the plat;if reimbursement is required from the City fund,it will be reimbursed to the S&I.D.as monies
are available in the fund and in chronological order of the final plat approval.
Note(5)Soft costs for acquisition include finance,legal,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
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EXHIBIT A
TO
ESCROW AGREEMENT
Initial Services
Establish Escrow Fund.
(Important: The computerized system has built-in security with back-up files maintained
in the Bank's secured area outside of the main building.)
Send semiannual notices to City, a provided by the Agreement.
Provide such notification to holders as the Resolution requires the Escrow Agent to give
for the defeasance and special optional redemption of the Defeased Bonds.
Fees
Initial: $1,500.00
Annual: $-0-
The above fees do not include postage and other out-of-pocket costs and expenses which
will be charged at cost. Special and extraordinary services may be billed based on time and
effort.
The above fees are in addition to Escrow Agent's fees in its separate capacities as Paying
Agent and Registrar for the Bonds.
The above fees are subject to review and adjustment if The Depository Trust Company
discontinues services as securities depository.
February 15, 2007
4832-7415-2193.2
Defeasance
ce of the principal amount
thereof plus accrued interest to the redemption date.
This Resolution authorizes the City to apply $2,585,758.69 of surplus Tax Allocation Revenue
on deposit in the Tax Allocation and Special Tax Redevelopment Fund established by
Ordinance No. 34261 to the special optional redemption of a portion of the outstanding bond.
This enactment of this resolution will allow the City to designate a $2,550,000 portion of the
Bonds (the "Defeased Bonds") to be redeemed on November 15, 2007, the earliest special
optional redemption date permitted under the Ordinance. The Finance Director of the City of
Omaha will deposit the Surplus Moneys in escrow pending such redemption for the purpose of
defeasing the Defeased Bonds and give notice of the defeasance and redemption of such Bonds.
The defeasance of these bonds will allow the City to remove the Debt from the City's Financial
Statements and reduce the overall debt pledged by the City's Redevelopment Levy.
We urge your favorable consideration of this Resolution.
Respectfully submitted, Referred to City Council for Consideration:
61
01,c I d.tc —U7
Carol A. Ebdon Date Mayor's Office Date
Finance Director
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s O e„a E&A CONSULTING GROUP,INC.
a - g A ENGINEERING•PLANNING•FIELD SERVICES
TRAIL EXHIBIT HUNINGTON PARK
4. " a �. oouaxe cannv,xaaxw ROM:m xxmw im f4t1 nmu"
EXHIBIT"G"
Construction costs and up to 20%for acquisition.
Note(3) Community park fees will be paid by the District to the City when the District's current debt ratio is below 10%and the City's Parks and Finance Directors request the payment.
Note(4) Neighborhood and/or Trails/Blvd fees shall be paid prior to recording the plat;if reimbursement is required from the City fund,it will be reimbursed to the S&I.D.as monies
are available in the fund and in chronological order of the final plat approval.
Note(5)Soft costs for acquisition include finance,legal,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
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EXHIBIT B
TO
ESCROW AND AGENCY AGREEMENT
EQUAL EMPLOYMENT OPPORTUNITY CLAUSE
During the performance of this contract, the Contractor agrees as follows:
(1) The Contractor shall not discriminate against any employee applicant for
employment because of race, religion, color, sex, national origin, or disability as defined
by the Americans With Disabilities Act of 1990 and Omaha Municipal Code
Section 13-82. The Contractor shall take affirmative action to ensure that applicants are
employed and that employees are treated during employment without regard to their race,
religion, color, sex or national origin. The Contractor shall take all actions necessary to
comply with the Americans With Disabilities Act of 1990 and the Omaha Municipal
Code (Chapter 13) including, but not limited to, reasonable accommodation. As used
herein, the word "treated" shall mean and include, without limitation, the following:
Recruited, whether advertising or by other means; compensated; selected for training,
including apprenticeship; promoted; upgraded; demoted; downgraded; transferred; laid
off; and terminated. The Contractor agrees to and shall post in conspicuous places,
available to employees and applicants for employment, notices to be provided by the
contracting officers setting forth the provisions of this nondiscrimination clause.
(2) The Contractor shall, in all solicitations or advertisements for employees
placed by or on behalf of the Contractor, state that all qualified applicants will receive
consideration for employment without regard to race, religion, color, sex, national origin,
or disability as recognized under 42 USCS 12101 et seq.
(3) The Contractor shall send to each labor union or representative of workers
with which it has a collective bargaining agreement or other contract or understanding a
notice advising the labor union or worker's representative of the Contractor's
commitments under the Equal Employment Opportunity Clause of the City and shall post
copies of the notice in conspicuous places available to employees and applicants for
employment.
(4) The Contractor shall furnish to the contract compliance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
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directions by the City, the City will enter into such litigation as necessary to protect the
interests of the City and to effectuate the provisions of this division; and in the case of
contracts receiving federal assistance, the Contractor or the City may request the
United States to enter into such litigation to protect the interests of the United States.
(6) The Contractor shall file and shall cause his subcontractors, if any, to file
compliance reports with the Contractor in the same form and to the same extent as
required by the federal government for federal contracts under federal rules and
regulations. Such compliance reports shall be filed with the Contract Compliance
Officer. Compliance reports filed at such times as directed shall contain information as
to the employment practices, policies, programs and statistics of the Contractor and his
subcontractors.
(7) The Contractor shall include the provisions of Paragraphs (1) through (7)
of this Exhibit B, "Equal Employment Opportunity Clause", and Omaha Municipal Code
Section 10-193 in every subcontract or purchase order so that such provisions will be
binding upon each subcontractor or vendor.
4832-7415-2193.2
Defeasance B-2
es and applicants for employment, notices to be provided by the
contracting officers setting forth the provisions of this nondiscrimination clause.
(2) The Contractor shall, in all solicitations or advertisements for employees
placed by or on behalf of the Contractor, state that all qualified applicants will receive
consideration for employment without regard to race, religion, color, sex, national origin,
or disability as recognized under 42 USCS 12101 et seq.
(3) The Contractor shall send to each labor union or representative of workers
with which it has a collective bargaining agreement or other contract or understanding a
notice advising the labor union or worker's representative of the Contractor's
commitments under the Equal Employment Opportunity Clause of the City and shall post
copies of the notice in conspicuous places available to employees and applicants for
employment.
(4) The Contractor shall furnish to the contract compliance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
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SCHEDULE I
UNITED STATES TREASURY CERTIFICATES OF
INDEBTEDNESS, NOTES AND BONDS
STATE AND LOCAL GOVERNMENT SERIES
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SCHEDULE II
SCHEDULE OF/REQUIREMENTS FOR PAYMENT
OF DEFEASED BONDS
Payment Total Debt
Date Interest Principal Premium Payment
$ $ $
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SCHEDULE III
SCHEDULE OF AVAILABILITY AND APPLICATION OF
ESCROW FUNDS TO MEET THE REQUIREMENTS FOR
PAYMENT OF DEFEASED BONDS
Debt Service
Cash Balance Receipts From Requirement
at Beginning Acquired To Retire Cash Balance
Period Ending of Period Obligations Defeased Bonds End of Period
$ $ $ $
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C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
RESOLVED BY THE CITY COUNCIL OF THE CITY OF OMAHA:
WHEREAS, the City of Omaha, Nebraska (the "City") previously issued $8,500,000
aggregate principal amount of its Tax Allocation and Special Tax Revenue Redevelopment
Bonds, Series 1997A (the "Bonds"), pursuant to Ordinance No. 34261, duly enacted on July 22,
1997 (the "Ordinance"), for the purpose of providing funds for public infrastructure relating to
the redevelopment of the former Aksarben property; and
WHEREAS, $2,550,000 aggregate principal amount of the Bonds remains outstanding,
of which $200,000 matures on each of May 15, 2007 and November 15, 2007 (collectively, the
"Serial Bonds") and $2,150,000 matures on November 15, 2012 (the "Term Bonds," and
collectively with the Serial Bonds, the "Defeased Bonds"); and
WHEREAS, the Ordinance provides for application of surplus Tax Allocation Revenues
by the City to the special optional redemption of the Bonds in whole, or in part on any interest
payment date, at the price of the principal amount thereof plus accrued interest to the redemption
date; and
WHEREAS, the City desires to apply $2,585,758.69 of moneys (the "Surplus Moneys")
on deposit in the Tax Allocation and Special Tax Revenue Redevelopment Surplus Fund (the
"Surplus Fund") established by the Ordinance to the defeasance of the Defeased Bonds and the
special optional redemption of the Term Bonds; and
WHEREAS, as contemplated by the Ordinance, the City Council desires to designate the
Term Bonds to be redeemed on November 15, 2007, the earliest special optional redemption date
permitted under the Ordinance, to direct the Finance Director of the City to deposit the Surplus
Moneys in escrow pending the stated maturity dates of the Serial Bonds and the redemption date
of the Term Bonds for the purpose of defeasing the Defeased Bonds, to give notices of the
defeasance and redemption of such Defeased Bonds and Term Bonds, respectively, and to make
other necessary determinations as hereinafter set forth.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
f the notice in conspicuous places available to employees and applicants for
employment.
(4) The Contractor shall furnish to the contract compliance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
g
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230 1 229 I ..I I 296 1
d BRIDLEWOOD I I I
8 I
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prod a HIVE
• f } i
«+. z' i s r�'i 4. -• ! {{a * +S Z`,^ C
1**.a t .. �'}� i y I a. 4k Yr�(♦`y i'}`�1''
�yL^n • - r, Y>�- xt eC 1 �'e�li 1�3 1 4 I r^ 1:-1:
� i- � +t�,.
'.f• J. !i �i F. 1 i
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• t: S -#Y t 1 v .1.7.4 ._•;b f y .,tiy � •Yi P'c
1 ",� r =�t�tt, w :-- -ar .2 1.!t �. Y�} tiy,*3•a�rdI.' 5''•"h'�
f} ,e*} � t� :4 • � � `ter}` :YY,'r+ ,y4r.
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l i . Y C.I y 7 .f+l°
t s /t y t y 1.
'I'E1Jr• 1 -1 x »',Fly;
• d r :,+`x7C� ke EhS t st .• - :i! 'i x, : r , 'y
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•
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.1,.. 4,2_1.
. . „ ,.. ,,,,,...... ..kai
, ,..... 14.. - ' • i'''' ,i,i.'. ,I "ii;-
r �•.C • ��y��.:�•"�. - t i ' • j -+r sq- 1 •1 r fir; t'}#
:xsr '�•'r r' , r+ .Ys� { # .. . •
..�•� F ._ k ! Ft' " i
t•,�.L} y• v:,aA�01� �'t �ti h ;' ` `l ` } i3 iu 4 'ZtiSe eta
e.
*Not available on Dental,Denali Xt,Escalade. • .
I SilverrdorSlorta et Pontiac.Eeat plant only. 5 .... ..6)
•`S v doiSlerra not evalebl•at Flint pare(not available on Crew C .
•
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C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
PAGE 2
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF OMAHA:
Section 1. (a)The City Council hereby finds and determines that the Surplus Moneys in
the amount of$2,585,758.69 now on deposit in the Surplus Fund are in an amount in excess of
the amount of the deposits required to be made into the Bond Fund for the next Bond Year (as
such terms are defined by the Ordinance), and, accordingly, are available for the special optional
redemption of all or a portion of the outstanding Bonds in accordance with Section 4.2 of the
Ordinance in conjunction with the defeasance of the Defeased Bonds from such Surplus Fund
amount in accordance with Section 9.1 of the Ordinance.
(b) The City Council hereby (1) designates the $2,550,000 aggregate principal amount of
the Defeased Bonds for defeasance pursuant to Section 9.1 of the Ordinance and (2) designates
the $2,150,000 portion of the Defeased Bonds comprising the Term Bonds for special optional
redemption pursuant to Section 4.2 of the Ordinance, in each case with the Surplus Moneys
available for such purposes in the Surplus Fund established by Ordinance.
(c)(1) The City Council hereby authorizes and directs the Finance Director, within
30 days after the deposit of Surplus Moneys required by Section 2 hereof shall have been made,
to cause a notice of defeasance signed by the Finance Director in substantially the following
form (i) to be filed with (A) First National Bank of Omaha, as Paying Agent (the "Paying
Agent") under the Agency Agreement authorized by the Ordinance, (B) in accordance with the
City's continuing disclosure undertaking in Section 6.13 of the Ordinance, and (C) together with
a certified copy of this Resolution, with the Nebraska State Auditor of Public Accounts, (ii) to be
published once in The Daily Record (or another newspaper of general circulation published in
the Douglas County, Nebraska if The Daily Record is not then published), or, (iii) in lieu of such
newspaper publication, to be mailed, postage prepaid, to each holder of record of such Defeased
Bonds:
By
Councilmember
Adopted
City Clerk
Approved
Mayor
for
employment.
(4) The Contractor shall furnish to the contract compliance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
g
1
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230 1 229 I ..I I 296 1
d BRIDLEWOOD I I I
8 I
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BRIDLEVJOOD HUNTINGTON PARK
prod a HIVE
• f } i
«+. z' i s r�'i 4. -• ! {{a * +S Z`,^ C
1**.a t .. �'}� i y I a. 4k Yr�(♦`y i'}`�1''
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'.f• J. !i �i F. 1 i
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• t: S -#Y t 1 v .1.7.4 ._•;b f y .,tiy � •Yi P'c
1 ",� r =�t�tt, w :-- -ar .2 1.!t �. Y�} tiy,*3•a�rdI.' 5''•"h'�
f} ,e*} � t� :4 • � � `ter}` :YY,'r+ ,y4r.
' Y' �`� S,k 4j. 7.,aT� oRI CS. 1..e.. ii,
l i . Y C.I y 7 .f+l°
t s /t y t y 1.
'I'E1Jr• 1 -1 x »',Fly;
• d r :,+`x7C� ke EhS t st .• - :i! 'i x, : r , 'y
-. 'i,' . h is 1' „.. ='♦ _ {q S ''y'{ .1
•
_,-. till •
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, ,..... 14.. - ' • i'''' ,i,i.'. ,I "ii;-
r �•.C • ��y��.:�•"�. - t i ' • j -+r sq- 1 •1 r fir; t'}#
:xsr '�•'r r' , r+ .Ys� { # .. . •
..�•� F ._ k ! Ft' " i
t•,�.L} y• v:,aA�01� �'t �ti h ;' ` `l ` } i3 iu 4 'ZtiSe eta
e.
*Not available on Dental,Denali Xt,Escalade. • .
I SilverrdorSlorta et Pontiac.Eeat plant only. 5 .... ..6)
•`S v doiSlerra not evalebl•at Flint pare(not available on Crew C .
•
•
69.5 7
•
•
.. . . .1._,.':.•v.1V, 4304ajr/,t',I.i.o:a:.•. *e:f.y; -4,-.,,MT.. ._.
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C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
PAGE 3
NOTICE OF DEFLASANCE
CITY OF OMAHA, NEBRASKA
TAX ALLOCATION AND SPECIAL TAX
REVENUE REDEVELOPMENT BONDS,
SERIES 1997A, DATED AS OF AUGUST 1, 1997
CUSIP 681712 EK7, EL5 and EW 1*
NOTICE IS HEREBY given of the defeasance of the entire $2,550,000 outstanding
principal amount of City of Omaha, Nebraska, Tax Allocation and Special Tax Revenue
Redevelopment Bonds, Series 1997A, dated as of August 1, 1997, scheduled to mature on
May 15, 2007, November 15, 2007 and November 15, 2012. The listed bonds scheduled to
mature on November 15, 2012 (the "Term Bonds") are subject to special optional redemption by
the City of Omaha, Nebraska on November 15, 2007 at the principal amount thereof without
premium plus the interest accrued and unpaid to such date, and the Term Bonds will be
irrevocably called for redemption on November 15, 2007. The listed bonds are in addition to the
$3,200,000 aggregate principal amount of bonds of the same issue previously defeased by the
City of Omaha in February 2000 and December 2002.
Direct obligations of, or obligations the principal of and interest on which are guaranteed
by, the United States of America, the principal of and the interest on which when due will
provide sufficient moneys (i)to pay the respective regularly scheduled payments of principal of
and interest on the listed bonds when due on or before November 15, 2007 and (ii) on
November 15, 2007, to pay the redemption price of the Term Bonds consisting of the principal of
and interest thereon, are held in trust by First National Bank of Omaha, as Paying Agent for such
purpose.
The listed bonds are fully discharged, satisfied and defeased in accordance with their
terms and Ordinance No. 34261 of the City of Omaha,Nebraska.
Date: CITY OF OMAHA,NEBRASKA
11,2b o 7 By
Finance Director of the City of
Omaha,Nebraska
By
Councilmember
Adopted
City Clerk
Approved
Mayor
sed
Bonds:
By
Councilmember
Adopted
City Clerk
Approved
Mayor
for
employment.
(4) The Contractor shall furnish to the contract compliance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
g
1
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230 1 229 I ..I I 296 1
d BRIDLEWOOD I I I
8 I
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BRIDLEVJOOD HUNTINGTON PARK
prod a HIVE
• f } i
«+. z' i s r�'i 4. -• ! {{a * +S Z`,^ C
1**.a t .. �'}� i y I a. 4k Yr�(♦`y i'}`�1''
�yL^n • - r, Y>�- xt eC 1 �'e�li 1�3 1 4 I r^ 1:-1:
� i- � +t�,.
'.f• J. !i �i F. 1 i
xi T.
• t: S -#Y t 1 v .1.7.4 ._•;b f y .,tiy � •Yi P'c
1 ",� r =�t�tt, w :-- -ar .2 1.!t �. Y�} tiy,*3•a�rdI.' 5''•"h'�
f} ,e*} � t� :4 • � � `ter}` :YY,'r+ ,y4r.
' Y' �`� S,k 4j. 7.,aT� oRI CS. 1..e.. ii,
l i . Y C.I y 7 .f+l°
t s /t y t y 1.
'I'E1Jr• 1 -1 x »',Fly;
• d r :,+`x7C� ke EhS t st .• - :i! 'i x, : r , 'y
-. 'i,' . h is 1' „.. ='♦ _ {q S ''y'{ .1
•
_,-. till •
.1,.. 4,2_1.
. . „ ,.. ,,,,,...... ..kai
, ,..... 14.. - ' • i'''' ,i,i.'. ,I "ii;-
r �•.C • ��y��.:�•"�. - t i ' • j -+r sq- 1 •1 r fir; t'}#
:xsr '�•'r r' , r+ .Ys� { # .. . •
..�•� F ._ k ! Ft' " i
t•,�.L} y• v:,aA�01� �'t �ti h ;' ` `l ` } i3 iu 4 'ZtiSe eta
e.
*Not available on Dental,Denali Xt,Escalade. • .
I SilverrdorSlorta et Pontiac.Eeat plant only. 5 .... ..6)
•`S v doiSlerra not evalebl•at Flint pare(not available on Crew C .
•
•
69.5 7
•
•
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. .t}•n�y'�.-free ',ra3y�
C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
PAGE 4
The City of Omaha shall not be responsible for the use of the CUSIP numbers selected, nor is
any representation made as to their correctness indicated in the notice or as printed on any bond.
They are included solely for the convenience of the holders.
(2) The City Council hereby authorizes and directs the Finance Director (i) at least
30 days before November 15, 2007 (i) to sign a notice of redemption with respect to the Term
Bonds and those Bonds with stated maturities of November 15, 2012 and November 15, 2017
that the City previously has defeased (collectively, the "Redeemed Bonds"), (ii) to file said
signed notice with the Paying Agent, with the Nebraska State Auditor of Public Accounts and in
accordance with the City's continuing disclosure undertaking in Section 6.13 of the Ordinance,
(iii) to publish said signed notice at least once in The Daily Record (or another newspaper of
general circulation published in Douglas County, Nebraska if The Daily Record is not then
published), or, (iv) in lieu of such newspaper publication, mail said signed notice, postage
prepaid, to all registered owners of Redeemed Bonds to be redeemed at the addresses which
appear on the registration books for such Redeemed Bonds. The redemption notice hereinabove
authorized shall be in substantially the following form:
NOTICE OF REDEMPTION
CITY OF OMAHA, NEBRASKA
TAX ALLOCATION AND
SPECIAL TAX REVENUE REDEVELOPMENT BONDS,
SERIES 1997A
DATED AS OF AUGUST 1, 1997
CUSIP 681712 EW1 and FG5*
NOTICE IS HEREBY GIVEN that the Tax Allocation and Special Tax Revenue
Redevelopment Bonds, Series 1997A of the City of Omaha, Nebraska, dated as of August 1,
1997, then outstanding, scheduled to mature on November 15, 2012 and November 15, 2017,
respectively, and subject to special optional redemption on November 15, 2007 at the option of
the City of Omaha, Nebraska at the principal amount thereof without premium, plus the interest
accrued and unpaid thereof to November 15, 2007, will be irrevocably called for special optional
redemption on November 15, 2007.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
liance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
g
1
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230 1 229 I ..I I 296 1
d BRIDLEWOOD I I I
8 I
'\ cil
BRIDLEVJOOD HUNTINGTON PARK
prod a HIVE
• f } i
«+. z' i s r�'i 4. -• ! {{a * +S Z`,^ C
1**.a t .. �'}� i y I a. 4k Yr�(♦`y i'}`�1''
�yL^n • - r, Y>�- xt eC 1 �'e�li 1�3 1 4 I r^ 1:-1:
� i- � +t�,.
'.f• J. !i �i F. 1 i
xi T.
• t: S -#Y t 1 v .1.7.4 ._•;b f y .,tiy � •Yi P'c
1 ",� r =�t�tt, w :-- -ar .2 1.!t �. Y�} tiy,*3•a�rdI.' 5''•"h'�
f} ,e*} � t� :4 • � � `ter}` :YY,'r+ ,y4r.
' Y' �`� S,k 4j. 7.,aT� oRI CS. 1..e.. ii,
l i . Y C.I y 7 .f+l°
t s /t y t y 1.
'I'E1Jr• 1 -1 x »',Fly;
• d r :,+`x7C� ke EhS t st .• - :i! 'i x, : r , 'y
-. 'i,' . h is 1' „.. ='♦ _ {q S ''y'{ .1
•
_,-. till •
.1,.. 4,2_1.
. . „ ,.. ,,,,,...... ..kai
, ,..... 14.. - ' • i'''' ,i,i.'. ,I "ii;-
r �•.C • ��y��.:�•"�. - t i ' • j -+r sq- 1 •1 r fir; t'}#
:xsr '�•'r r' , r+ .Ys� { # .. . •
..�•� F ._ k ! Ft' " i
t•,�.L} y• v:,aA�01� �'t �ti h ;' ` `l ` } i3 iu 4 'ZtiSe eta
e.
*Not available on Dental,Denali Xt,Escalade. • .
I SilverrdorSlorta et Pontiac.Eeat plant only. 5 .... ..6)
•`S v doiSlerra not evalebl•at Flint pare(not available on Crew C .
•
•
69.5 7
•
•
.. . . .1._,.':.•v.1V, 4304ajr/,t',I.i.o:a:.•. *e:f.y; -4,-.,,MT.. ._.
. .t}•n�y'�.-free ',ra3y�
C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
PAGE 5
Payment of the principal amount of said bonds will be made on or after said redemption
date of November 15, 2007 upon the presentation of said bonds at the principal corporate trust
office of First National Bank of Omaha, as Paying Agent. Interest on said bonds accruing to or
prior to said redemption date will be paid in the usual manner. Interest on all said bonds will
cease to accrue from and after November 15, 2007.
Date: ,2007 CITY OF OMAHA,NEBRASKA
11 A(10-1 By
Finance Director of the City of
Omaha,Nebraska
The City of Omaha shall not be responsible for the use of the CUSIP numbers selected, nor is
any representation made as to their correctness indicated in the notice or as printed on any bond.
They are included solely for the convenience of the holders.
*Withholding of 28% of gross redemption proceeds of any payment made within the
United States may be required by the Interest and Dividend Tax Compliance Act of 1983 unless
the paying agent has the correct taxpayer identification number (social security or employer
identification number) or exemption certificate of the payee. Please furnish a properly
completed Form W-9 or exemption certificate or equivalent when presenting your securities.
Section 2. The City Council hereby fixes and determines that $2,585,758.69 shall be the
amount deposited in trust with the Paying Agent to hold in escrow pending the payment and
redemption of the Defeased Bonds in accordance with this Resolution. Such amount shall
consist of$2,585,758.69 of Surplus Moneys transferred from the Surplus Fund.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
ust 1,
1997, then outstanding, scheduled to mature on November 15, 2012 and November 15, 2017,
respectively, and subject to special optional redemption on November 15, 2007 at the option of
the City of Omaha, Nebraska at the principal amount thereof without premium, plus the interest
accrued and unpaid thereof to November 15, 2007, will be irrevocably called for special optional
redemption on November 15, 2007.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
liance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
g
1
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230 1 229 I ..I I 296 1
d BRIDLEWOOD I I I
8 I
'\ cil
BRIDLEVJOOD HUNTINGTON PARK
prod a HIVE
• f } i
«+. z' i s r�'i 4. -• ! {{a * +S Z`,^ C
1**.a t .. �'}� i y I a. 4k Yr�(♦`y i'}`�1''
�yL^n • - r, Y>�- xt eC 1 �'e�li 1�3 1 4 I r^ 1:-1:
� i- � +t�,.
'.f• J. !i �i F. 1 i
xi T.
• t: S -#Y t 1 v .1.7.4 ._•;b f y .,tiy � •Yi P'c
1 ",� r =�t�tt, w :-- -ar .2 1.!t �. Y�} tiy,*3•a�rdI.' 5''•"h'�
f} ,e*} � t� :4 • � � `ter}` :YY,'r+ ,y4r.
' Y' �`� S,k 4j. 7.,aT� oRI CS. 1..e.. ii,
l i . Y C.I y 7 .f+l°
t s /t y t y 1.
'I'E1Jr• 1 -1 x »',Fly;
• d r :,+`x7C� ke EhS t st .• - :i! 'i x, : r , 'y
-. 'i,' . h is 1' „.. ='♦ _ {q S ''y'{ .1
•
_,-. till •
.1,.. 4,2_1.
. . „ ,.. ,,,,,...... ..kai
, ,..... 14.. - ' • i'''' ,i,i.'. ,I "ii;-
r �•.C • ��y��.:�•"�. - t i ' • j -+r sq- 1 •1 r fir; t'}#
:xsr '�•'r r' , r+ .Ys� { # .. . •
..�•� F ._ k ! Ft' " i
t•,�.L} y• v:,aA�01� �'t �ti h ;' ` `l ` } i3 iu 4 'ZtiSe eta
e.
*Not available on Dental,Denali Xt,Escalade. • .
I SilverrdorSlorta et Pontiac.Eeat plant only. 5 .... ..6)
•`S v doiSlerra not evalebl•at Flint pare(not available on Crew C .
•
•
69.5 7
•
•
.. . . .1._,.':.•v.1V, 4304ajr/,t',I.i.o:a:.•. *e:f.y; -4,-.,,MT.. ._.
. .t}•n�y'�.-free ',ra3y�
C-25A CITY OF OMAHA
LEGISLATIVE CHAMBER
Omaha,Nebraska
PAGE 6
Section 3. The Finance Director is hereby authorized and directed to retain Chris D.
Berens, CPA, P.C., independent certified public accountants, to prepare and deliver to the City a
report verifying that the amount of Surplus Moneys deposited with the Paying Agent pursuant to
Section 2, together with investment earnings thereon is sufficient to pay the principal or
redemption price of and interest on the Defeased Bonds through and including November 15,
2007.
Section 4. The Finance Director is hereby authorized and directed to execute and deliver
on behalf of the City an escrow agreement, in the form attached hereto as Exhibit A, with the
Paying Agent in its capacity as Escrow Agent, providing for the deposit, investment and payment
of the Surplus Moneys deposited with the Paying Agent pursuant to Section 2.
Section 5. The Mayor, City Clerk and Finance Director (or any officer of the City
authorized to act in the capacity of the Mayor, City Clerk or Finance Director) are hereby
authorized and directed punctually to execute such instruments, certificates and documents as
may be necessary and appropriate and to do all acts and things required therein by the terms,
covenants,provisions and agreements of this Resolution.
PXFIN\15037pjm.doc APPROVED AS TO FORM:
CITY ATTORNEY DATE
.Y
By
/044411\gl qi
f _�Councilmember
Adopted- • F B = 6" 2007 4,-- p
r`T City Clerk ,
.,Approved ,
Mayor
th this Resolution. Such amount shall
consist of$2,585,758.69 of Surplus Moneys transferred from the Surplus Fund.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
ust 1,
1997, then outstanding, scheduled to mature on November 15, 2012 and November 15, 2017,
respectively, and subject to special optional redemption on November 15, 2007 at the option of
the City of Omaha, Nebraska at the principal amount thereof without premium, plus the interest
accrued and unpaid thereof to November 15, 2007, will be irrevocably called for special optional
redemption on November 15, 2007.
By
Councilmember
Adopted
City Clerk
Approved
Mayor
liance officer all federal
forms containing the information and reports required by the federal government for
federal contracts under federal rules and regulations, and including the information
required by Omaha Municipal Code Sections 10-192 to 10-194, inclusive, and shall
permit reasonable access to his records. Records accessible to the Contract Compliance
Officer shall be those which are related to Paragraphs (1) through (7) of this Exhibit B
and only after reasonable notice is given the Contractor. The purpose for this provision is
to provide for investigation to ascertain compliance with the program provided for herein.
(5) The Contractor shall take such actions with respect to any subcontractor as
the City may direct as a means of enforcing the provisions of Paragraphs (1) through (7)
herein, including penalties and sanctions for noncompliance; however, in the event the
Contractor becomes involved in or is threatened with litigation as the result of such
4832-7415-2193.2
Defeasance
,and necessaary survey costs.
Note(6)Soft costs for improvements include Finance,Legal,Design and Project Administration. Revised 7-26-01
Note(7)This money shall reimbursed by the City to the SID,but only if monies become available in the Community Park Fund.
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Approved
Mayor
Property Department
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