Section 106-651; Res. 232-05; Providing notice of the prepayment of the Certificates of Participation (Stephens Lake Property), Series 2001


Council Bill No.           R 232-05         

A RESOLUTION

providing notice of the prepayment of the Certificates of Participation (Stephens Lake Property), Series 2001.

    WHEREAS, in 2001 the City of Columbia issued $7,000,000.00 in Certificates of Participation for the purchase of the Stephens Lake Property; and

    WHEREAS, the debt documents allow for the optional prepayment of this debt with 60 days notice on or after January, 2006.

    NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.    The finance director is authorized to give notice, pursuant to the provisions of the Lease Purchase Agreement between Stephens College and the City, of the prepayment of the Certificates of Participation (Stephens Lake Property), Series 2001.

    ADOPTED this 17th day of October, 2005.