HomeMy WebLinkAbout2018CV149 - SUTHERLAND V. CITY OF FORT COLLINS, STEVE MILLER & IRENE JOSEY - 030E - EXHIBIT CDELIVERY CERTIFICATE AND RECEIPT OF ENTERPRISE
The undersigned is the Treasurer of the City of Fort Collins, Colorado, Electric Utility
Enterprise (the “Enterprise”) and hereby certifies as follows:
1. On the date hereof, the Enterprise issued the City of Fort Collins, Colorado,
Electric Utility Enterprise, Tax-Exempt Revenue Bonds, Series 2018A, in the aggregate principal
amount of $84,945,000 (the “2018A Bonds”), and the City of Fort Collins, Colorado, Electric
Utility Enterprise, Taxable Revenue Bonds, Series 2018B, in the aggregate principal amount of
$44,690,000 (the “2018B Bonds” and, together with the 2018A Bonds, the “Bonds”). The Bonds
were issued pursuant to Ordinance No. 003 (the “Bond Ordinance”) duly adopted by the Board
of the Enterprise on April 3, 2018. Capitalized terms used herein and not otherwise defined shall
have the meanings set forth in the Bond Ordinance.
2. On the date hereof, the Bonds were delivered to Merrill Lynch, Pierce, Fenner &
Smith Incorporated, the representative of the underwriters thereof (the “Underwriters”) and the
Enterprise acknowledges receipt of the full purchase price thereof, as follows:
Principal Amount of 2018A Bonds:
Net Original Issue Premium:
(Underwriters Discount):
SUBTOTAL:
$84,945,000.00
13,374,506.25
(302,691.22)
$98,016,815.03
Principal Amount of 2018B Bonds:
(Underwriters Discount):
SUBTOTAL:
$44,690,000.00
(159,247.42)
$44,530,752.58
TOTAL: $142.547.567.60
3. The net proceeds of the 2018A Bonds of $98,016,815.03 so received by the
Enterprise from the Underwriters, has been applied on the date hereof as follows:
(a) $251,004.20 has been deposited in the Costs of Issuance Fund held by the
Paying Agent pursuant to the Paying Agent Agreement.
(b) $87,433,000.00 has been deposited in the 2018A Project Fund held by the
Enterprise.
(c) $10,332,810.83 has been deposited as capitalized interest in the capitalized
interest account of the 2018 A Bond Fund held by the Enterprise.
4. The net proceeds of the 2018B Bonds of $44,530,752.58 so received by the
Enterprise from the Underwriters, has been applied on the date hereof as follows:
(a) $133,016.40 has been deposited in the Costs of Issuance Fund held by the
Paying Agent pursuant to the Paying Agent Agreement.
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DATE FILED: July 18, 2018 8:12 PM
FILING ID: BF0E70FBC34B1
CASE NUMBER: 2018CV149
(b) $40,371,526.00 has been deposited in the 2018B Project Fund held by the
Enterprise.
(c) $4,026,210.18 has been deposited as capitalized interest in the capitalized
interest account of the 2018B Bond Fund held by the Enterprise.
5. The Enterprise hereby authorizes and directs the Paying, as registrar for the
Bonds, to deliver the Bonds to the Underwriters on the date hereof.
IN WITNESS WHEREOF, the undersigned has hereunto set his hand this 14th day of
June, 2018.
CITY OF FORT COLLINS, COLORADO,
ELECTRIC UTILITY ENTERPRISE
Treasurer
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