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Council approves paying agent and authorizes $5.695 million capital loan notes
Summary
Council voted to appoint MB Bank NA as paying/transferring agent and approved a resolution authorizing the issuance of $5,695,000 in general obligation capital loan notes, series 2026B, and related disclosure certificates.
Council approved a resolution appointing MB Bank NA of West Des Moines as paying agent, note register and transferring agent for forthcoming notes.
Councilmember Seeley moved a separate resolution authorizing the issuance of $5,695,000 in general obligation capital loan notes, series 2026B, levying a tax to pay the notes and approving required continuing-disclosure documents; the motion was seconded and passed by roll call. The resolution and associated certificates were adopted as presented.
