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I, BERT COTTLE, Mayor of the City of Wasilla, Alaska (the "Issuer"), HEREBY
CERTIFY that:
1. Pursuant to Resolution Serial No. 16-20 of the Issuer, I have approved the
aggregate principal amount, maturity amounts, interest rates, dated date, principal and
interest payment dates, record dates for principal and interest payments, redemption
terms, and other details of the Issuer's General Obligation Refunding Bond, 2016
Series A (the "Bond"), as set forth in Schedule X attached hereto, and I have executed
on behalf of the Issuer the Amendatory Loan Agreement dated October 18, 2016 (the
"Amendatory Loan Agreement"), between the Issuer and the Alaska Municipal Bond
Bank (the "Bond Bank") with respect to the Bond.
2. Pursuant to Resolution Serial No. 16-20 of the Issuer, I have designated
the Issuer's General Obligation Refunding Bond, 2007 Series A, maturing in the years
2017 and 2018 to be refunded by exchange for the Bond, and find that the refunding of
the maturities of the General Obligation Refunding Bond, 2007 Series A, so designated
realizes a debt service savings of at least three percent of their principal amount, net of
all issuance costs and underwriting discount, on a present value basis.
3. No litigation is pending, or to my knowledge threatened, against the Issuer
in any court affecting the corporate existence of the Issuer, or the titles of its officers to
their respective offices, or seeking to restrain or enjoin the issuance, sale or delivery of
the Bond, or in any manner questioning the authority or proceedings for the
authorization or issuance of the Bond, or the right of the Issuer to levy and collect taxes
pledged or to be pledged to pay the principal of and interest on the Bond, or the pledge
thereof, in any way contesting or affecting the validity or enforceability of the Bond, the
Amendatory Loan Agreement, or the Loan Agreement between the Issuer and the Bond
Bank dated as of April 1, 1998, as previously amended.
DATED this 3rd day of November, 2016.
CITY OF WASILLA, ALASKA
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Date: Dated November 3, 2016.
Interest Payment Dates: Installments of interest on the Bond shall be payable on
December 1, 2016, and semiannually thereafter on the first days of June and December
of each year.
Record Dates: The 15th day of the month next preceding the applicable interest
payment date.
Maturities and Interest Rates: Installments of principal of the Bond mature on
December 1 in each of the years in the respective amounts, and bear interest at the
rates, as follows:
Principal Interest
Year Amount Rate
2016 $ 15,000.00 2.00%
2017 395,000.00 2.00
2018 405,000.00 4.00
Redemption Provisions: Installments of principal of the Bond shall not be subject to
prepayment at the option of the Issuer prior to maturity.
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