Keokuk Municipal 
                Est. 1938


 Keokuk    Municipal    Waterworks
                         Board    of     Trustees
                             Meeting    Minutes


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                                                                                      KEOKUK MUNICIPAL WATERWORKS


May 5, 2021

Present: Chairman Pro Tem Hickey, Trustees Boyd, Hausch, and Long.

The public was invited to attend the Go To Meeting by phone, computer or smart phone, as the office was closed due to COVID-19.

Chairman Pro Tem Hickey opened the special meeting and asked Ms. Barnes to call roll.

Mr. Bogner introduced Michael Maloney from D.A. Davidson. Mr. Maloney discussed the plan of financing for Series 2021 Water Revenue and Refunding Bonds. Mr. Maloney answered questions before Mr. Bogner read the resolution.




Keokuk, Iowa

May 5, 2021

The Board of Trustees of the Keokuk Municipal Waterworks, Keokuk, Iowa, met on May 5, 2021, in, at the Waterworks Utility Offices, 20 N 4th Street, Keokuk, Iowa, 52632 at 2:30 o’clock p.m. in the City. 

Due to federal and state government recommendations in response to COVID-19 pandemic conditions, alternative access to the meeting was provided via Go To Meeting, which was accessible at the following:

or by phone:

United States (Toll Free): 1-877-309-2073

Access Code: 598-710-269

Electronic access information was included in the posted agenda of this public meeting.

The Chairperson presided and the roll was called showing the following members of the Board present and absent:

Present: Boyd, Hausch, Hickey and Long.                            

Absent: None

Board Member Boyd introduced a resolution hereinafter next set out and moved its adoption, seconded by Board Member Long; and after due consideration thereof by the Board, the Chairperson put the question upon the adoption of the said resolution and the roll being called, the following named Board Members voted:

Ayes: Boyd, Hausch, Hickey and Long.

Nays: None.

Whereupon, the Chairperson declared the resolution duly adopted as hereafter set out:   



Resolution authorizing execution of a bond purchase agreement and redemption of outstanding bonds in connection with entering into a loan agreement to borrow not exceed $5,900,000.

WHEREAS, the City of Keokuk (the “City”), in Lee County, State of Iowa, did heretofore establish the Keokuk Municipal Waterworks (the “Waterworks Utility”) of the City and for which the Waterworks Utility has continuously supplied water and water service in and to the City and its inhabitants since its establishment; and

WHEREAS, the management and control of the Waterworks Utility are vested in the Board of Trustees (the “Board”) of the Waterworks Utility; and

WHEREAS, the City acting by and through the Board of the Waterworks Utility heretofore proposed to issue indebtedness in a principal amount not to exceed $5,900,000 pursuant to the provisions of Chapter 384 of the Code of Iowa, 2021, as amended, for the purposes of: (i) paying the cost, to that extent, of constructing water improvements and extensions to the municipal waterworks system of the Water Utility, (ii) paying for the costs necessary to refund outstanding indebtedness, (iii) funding a debt service reserve fund, and (iv) paying for costs related to the issuance of the revenue  and revenue refunding bonds (collectively the “Project”) and pursuant to law and a notice duly published, the Board has held a public hearing on such proposal on May 5, 2021.

WHEREAS, a Bond Purchase Agreement (the “Bond Purchase Agreement”) has been prepared to facilitate the purchase of Water Revenue and Refunding Bonds, Series 2021 (the “Bonds”), and it is now necessary to make provision for the approval of the Bond Purchase Agreement with D.A. Davidson & Co. (the “Underwriter”);

NOW, THEREFORE, Be It Resolved by the Board of Trustees of the Keokuk Municipal Waterworks, as follows:

Section 1.        The General Manager and/or the Board Secretary are hereby authorized to execute the Bond Purchase Agreement as presented to the Board of the Waterworks Utility;  and take such steps as shall be necessary to provide for describing the Bonds and providing for the terms and conditions of their sale, and all action heretofore taken in this regard is hereby ratified and approved.

Section 2.        The General Manager and/or the Board Secretary are hereby authorized to take all action necessary to call the outstanding bonds to be refunded in accordance with the call provisions as set forth in the resolutions, and are further authorized and directed to give notice of such redemption by sending notice to each of the registered owners of the outstanding bonds to provide for the financing of the Project. 

Section 3.        All resolutions or parts thereof in conflict herewith are hereby repealed to the extent of such conflict.

Section 4.        This resolution shall be in full force and effect immediately upon its adoption and approval, as provided by law.

Motion was made by Trustee Boyd and seconded by Trustee Long. All ayes.

Passed and approved May 5, 2021.

There being no further business to come before the Board of Trustees, the meeting was

adjourned. The next regular meeting of the Board of Trustees, will be May 26, 2021, at 2:30 P.M. For participation by phone or computer, instructions will be included on the agenda.



Past Board Meeting Minutes:

4-April 21, 2021 Board Summary.pdf

3-March 24, 2021 Board Summary.pdf

2-February 24, 2021 Board Summary.pdf

February 16, 2021-Special Meeting.docx

February 10, 2021-Special Meeting-Executive Session.docx

2-February 9, 2021-Special Meeting-Executive Session.docx

1-January 20, 2021 Board Summary.pdf

1-January 7, 2021 Board Summary.pdf

Board Summary 12-December 22, 2020.pdf

Board Summary 11-November 24, 2020.pdf

Board Summary 10-October 22, 2020.pdf

Board Summary 9-September 2020.pdf

Board Summary 8-August 2020.pdf

Board Summary 7 July 29, 2020.pdf

Board Summary 7 July 22, 2020.pdf

Board Summary 6 June 2020.pdf

Board Summary 6 June 26, 2020.pdf

Board Summary 5-May.pdf

Board Summary 4-April 2020.pdf

Board Summary 3- Mar. 2020.pdf

If additional Summary dates are necessary, please call the Waterworks office at 319-524-5285.

Managed By: Keokuk Municipal 


20 N. 4th St. P.O. Box 10

Keokuk, IA 


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