2018-05H HRA ResolutionHOUSING AND REDEVELOPMENT AUTHORITY OF AND FOR THE
CITY OF MOUND, MINNESOTA
RESOLUTION NO. 18-05H
RESOLUTION PROVIDING FOR THE PREPAYMENT AND
REDEMPTION OF A PORTION OF THE AUTHORITY'S TAX
INCREMENT REVENUE REFUNDING BONDS (METROPLAINS
PROJECT), SERIES 2006
BE IT RESOLVED By the Board of Commissioners of the Housing and Redevelopment
Authority of and for the City of Mound, Minnesota (the "Authority"), as follows:
1. The Authority has previously issued its Tax Increment Revenue Refunding Bonds
(MetroPlains Project), Series 2006 (the `Bonds"), dated November 2, 006, in the original aggregate
principal amount of $3,295,000. Bonds maturing on or after August 15, 2016 are subject to call for prior
redemption on August 14, 2014 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 Authority and in such order as
the Authority will determine and within a maturity selected by Bond Trust Services Corporation,
Roseville, 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
Authority that a portion of the Bonds maturing on August 15, 2027 (the "Refunded Portion") be prepaid
and redeemed on September 1, 2018, or the first date for which the Registrar of the Bonds can provide
proper notice to the holders of the Bonds, and the Refunded Portion is hereby called for redemption in the
aggregate principal amount of $20,000.
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 Board of Commissioners of the Housing and Redevelopment Authority of and for
the City of Mound, Minnesota this 2e day of July, 2018.
Chair
ATTEST:
Clerk
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EXIIIBIT A
FORM OF NOTICE OF REDEMPTION
NOTICE OF CALL FOR PARTIAL REDEMPTION
$3,295,000
Housing and Redevelopment Authority
of and for the City of Mound, Minnesota
Tax Increment Revenue Refunding Bonds
(MetroPlains Project)
Series 2006
NOTICE IS HEREBY GIVEN that, by order of the Board of Commissioners of the Housing and
Redevelopment Authority of and for the City of Mound, Minnesota (the "Authority"), there has been
called for redemption and prepayment on
September 1, 2018
a portion of the bonds (the "Refunded Portion") of the Authority designated as the Tax Increment
Revenue Refunding Bonds (MetroPlains Project), Series 2006, dated November 2, 2006, having a stated
maturity date of February 15, 2027, totaling $20,000 in principal amount, and with the following CUSIP
number:
Amount to Be Partially
Year of Maturity Redeemed CUSIP
2027 $20,000 620545 AD5
The Refunded Portion is being called at a price of par plus accrued interest to September 1, 2018,
on which date all interest on said Refunded Portion of the bonds will cease to accrue. Redemption shall be
within a maturity chosen by random selection by Bond Trust Services Corporation, as paying agent and
registrar. The Holders of the bonds hereby called for partial redemption are requested to present their
bond for payment at the main office of Bond Trust Services Corporation, 3060 Centre Pointe Drive,
Roseville, Minnesota 55113, on or before September 1, 2018.
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: .2018.
BY ORDER OF THE BOARD OF COMMISSIONERS
OF THE HOUSING AND REDEVELOPMENT
AUTHORITY OF AND FOR THE CITY OF MOUND,
MINNESOTA
By /s/ Eric Hoversten
Executive Director
Housing and Redevelopment Authority of and for
the City of Mound, Minnesota