HomeMy WebLinkAboutA002 - Leter from Dorsey & Whitney dated September 1, 1994 DoRSEY & WHITNEY
A PARSNERSHIP INCLUDING PROFESSIONAL CORPORATIONS
DES MOINES RESIDENT ATTORNEYS 801 GRAND, SUITE 3900 MINNEAPOLIS,MINNESOTA
DES MOINES, IO`VA 50309-2790 NEW YORK,NEW YORK
ROBERT R.HELMICK (515) 283-1000 WASHINGTON,D.C.
DAVID L.CLAYPOOL DENVER,COLORADO
ROBERT E.JOSTEN FAX (315) 283-1060
FAHGO,NORTH DAKOTA
EDWIN N.McINTOSH ROCHESTER,MINNESOTA
BILLINGS, A
GREAT FALLS,,MONTANA
NORENE D.JACOBS September 1 1994
STEVEN J.DICKINSON ONT
JEFFREY M.HURLBURT MISSOULA,MONTANA
ORANGE COUNTY,CA
DAVID D.GROSSKLAUS
LONDON, ENGLAND
Sandra L. Ryan BRUSSELS,BELGIUM
City Clerk
City Hall, P.O. Box 811
515 Clark Avenue
Ames, Iowa 50010
Re: Ames, Iowa
$2,015,000 General Obligation Corporate Purpose Bonds -
Southeast 5th Street Project
Our File No.: 419370-14
Dear Sandra:
Enclosed is a form of resolution which should be adopted by the City Council
on September 13th in order to comply with federal regulations and to preserve the
City's eligibility to be reimbursed from bond proceeds for cash spent on the
captioned project. In Section 2 of the Resolution we have identified the Southeast
5th Street Project and the estimated amount of bond proceeds which will be used for
this project ($402,385.67). This amount includes not only the estimated project costs
of $393,000, as shown in Alice's letter of August 25th, but also the pro rated share of
estimated issuance expenses and discount ($9,385.67) for this project.
�I►S
Please return one executed copy of the resolutiV, (
s.
Sincerel
Rob t H. Helmick
RHH:cdm
Ames/419370-14/Reimb Reg Reso
Enclosure
cc: Steven Schainker
Alice Carroll
John Klaus
Deborah Nistler