HomeMy WebLinkAboutA011 - Letter from Dorsey & Whitney dated March 19, 1993 - $6,000,000 SRF BondsDFS AfOINKI RESIDENT PAR7'NP5?S
ROBERT R. HELMICK
DAVID 1- CLAYPOOL
ROBERT E. JOSTEN
EDWIN N. M,,INTOSH
NORENE D. JACOBS
LINDA L. KNIRP
Sandra L. Ryan
City Clerk
City Hall
P. O. Box 811
515 Clark Avenue
Ames, Iowa 50010
Dor-?SEY & -WHITNEY
A 1--I- P.-I-1-1-L 01 --- A-0-
801 GRAND, SUITE 3900
DES MOINES, IOWA 50309
(515) 283-1000
FAX (515) 263-1060
March 19,1993
2
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F Y" OF A,,, S,
MINNEAPOLIS, MINNESOTA
NEW YORK, NEW YORK
WASHINGTON, I). C.
DES MOINES, IOWN
ROCIILSTER, MINNESOTA
BILLINGS, MONTANA
OREAT FALLS, MONTANA
MISSOULA, MONTANA
LONDON, EN01,11-ND
BRUSSELS, BELGIUM
PARIS, FRANCE
Re: Ames, Iowa
Not to Exceed $6,000,000 Sewer Revenue Refunding Bonds, Series 1993
Dear Ms. Ryan:
Based upon the information provided to us by Evensen Dodge, Inc., we have
prepared and enclose proceedings to set a date for the hearing on the issuance of the
captioned Bonds and to authorize the City Manager and Finance Director to set the
terms of and date for the sale of the Bonds and to provide for the advertisement
thereof. The enclosed proceedings follow the same format as the proceedings
prepared for the Electric Revenue Bonds.
The proceedings enclosed are as follows:
1. Minutes of the Council meeting to fix the time and place for the
hearing on the issuance of the Bonds and to authorize the City Manager and
Finance Director to fix the terms of and proceed with the sale of the Bonds, with
resolution following.
The form of notice of hearing is set out under Section 2 of the resolution, and
an extra copy is enclosed for completion and delivery to the publisher.
The form of notice of sale is set out under Section 4 of the resolution, and an
extra copy is enclosed for completion and delivery to the publisher.
Further minutes showing the adjournment of the meeting.
Certificate attesting the transcript.
DORSEY & WHITNEY
Page 2
4. Certificate to be completed as to the establishment of the Municipal
Sanitary Sewer System, its outstanding debt, a history of its earnings and expenses
for the last five fiscal years and the rates being charged for the use and service of the
System and its number of users. We will need to receive and review the completed
certificate at the earliest possible time, and prior to the sale of the Bonds.
5. Certificate as to publication of the notice, to which must be attached the
publisher's affidavit of publication with a clipping of the notice as published.
The notice of hearing must be published at least once, not less than 4 nor
more than 20 days before the meeting date set for the hearing in a legal newspaper
of general circulation in the City, and the notice of sale must be published not less
than 4 nor more than 20 days before the meeting date set for the sale in a legal
newspaper of published in Story County or a county contiguous thereto.
Please note that there are several blanks in the notice of sale, including the
time, date and place for receiving and considering bids for the purchase of the
Bonds, the principal amount of the Bonds to be offered for sale, the principal
maturities of the Bonds and maximum amounts of possible adjustments thereto,
the minimum purchase price of the Bonds and the amount of the good faith deposit
required. Once Steve and Alice have decided on a sale date and the other terms of
the sale are fixed, please be sure that all of these blanks are completed prior to
delivering the notice to the newspaper for publication.
If at all possible, we would like to receive proof copies of the notices,
particularly the notice of sale, prior to publication so that we may check their
sufficiency.
As each portion of these proceedings is completed, one fully executed copy
should be returned to our office.
Doi?SEY & WHITNEY
Ma
In the meantime if you have any questions, please don't hesitate to
telephone.
Sincerely you S.
Robert H. Helmick
RHH:cdm
Ame'"1937OAlst 1/2 RBS
Enclosures
cc: Steven Schainker
Alice Carroll
John Klaus
Dave Dirks
Charles A. Uperaft
Brian T. McQuillan