HomeMy WebLinkAboutA004 - Proof of publication dated February 21, 1996 LEGAL NOTICE by the City.
A good faith deposit of $35,100 is required
Proof Of Publication In N and may be forfeited to the City in the event
NOTICE OF SALE the successful bidder fails or refuses to take
DAILY TRIBUNE City of Ames, Iowa and pay for the Bonds.
$3,510,000 Sewer Revenue The City reserves the right to reject any or
————————————————'——————————————————— Refunding Bonds, Series 1098 all bids and to waive irregularities in any
Sealed bids will be received on behalf of bid.
STATE OF IOWA,STORY COUNTY,ss. the City of Ames, Story County, Iowa, until The Bonds are being issued pursuant to
11:00 o'clock a.m. on the 5th day of March, the provisions of Division V of Chapter 384 of
1996, at the Council Chambers, City Hall, the Code of Iowa and will not constitute
1,Craig McMullin/Joan Rost,on oath depose Ames, Iowa, for the purchase of $3,510,000 general obligations of the City, nor will they
Sewer Revenue Refunding Bonds, Series be payable in any manner by taxation, and
and say that I am President/Controller 1996, of the City, at which time such bids all such bonds, together with any additional
of DAILY TRIBUNE,a daily newspaper, rinted will be opened and canvassed. Thereafter sewer revenue bonds as may be hereafter
YP such bids will be presented to the City issued and outstanding from time to time
at Ames,Story County, Iowa;that the annexed Council for consideration at its meeting to be ranking on a parity therewith, will be payable
printed held at 7:00 o'clock p.m. on the same date at solely and only from the future Net Revenues
P the Council Chambers, City Hall, Ames, Iowa,
of the Municipal Sanitary Sewer System of the
at which time the Bonds will be sold to the
City.
best bidder for cash. No open bids will be
CITY OF AM ES accepted. In order to permit bidders for the bonds to
The Bonds will be issued as full registered comply with paragraph Securities
of Rule change
NOTICE OF SALE:SEWER REVENUE y gi promulgated d the securities end Exchange
bonds in denominations of $5,000 or any Commission under the Securities Exchange Act
REFUNDING BONDS integral multiple thereof, will be dated March of 1934 (the "Rule"), the City will covenant
15, 1996, will bear interest ' payable and agree, for the benefit of the owners from
semiannually on each June 1 and December 1 time to time of the outstanding Bonds, in the
was published in said newspaper for 1 to maturity, commencing December 1, 1996, resolution awarding the sale and prescribing
and will mature on December 1 in the following the terms of the Bonds to provide annual
consecutive week(s) years and amounts: reports of specified information and notice of
and the last of said publication was on the Principal the occurrence of certain material events.
Year Amount The City is the only "obligated person" in
21st day of February, 1996 1996 440,000 respect of the Bonds within the meaning of the
1997 $510,000 Rule. A description of the undertaking is set
1998 - $520,000 forth in the Official Statement. Failure of
1999 $560,000 the City to enter into an undertaking
0 s 2000 $595,000 substantially similar to that described in the
2001 2002 $600,000 Official Statement would relieve the
$285,000 successful bidder of its obligation to
The City reserves the right, after bids are purchase the Bonds. The City has complied
opened and prior to award, to .increase or in all material respects with any undertaking
reduce the principal amount of the Bonds previously entered into by it under the Rule.
offered for sale. Any such increase or Bidders should be aware that the official
Sworn to before me and subscribed in my reduction will be in a total amount not to terms of offering to be published in the
presence by Craig McMullin!Joan Rost exceed $175,000, will be made in multiples of Official Statement for the Bonds contain
$5,000 and will not exceed $25,000 in any of additional bidding terms and information
this 21 st day of February, 1996 the maturities. In the event the principal rehitive to the Bonds. In the event of a
amount of the Bonds is increased or reduced, variance between statements in this Notice of
any premium offered or any discount taken Sale (except with respect to the time and
by the successful bidder will be increased or place of the sale of the Bonds and the
reduced by a percentage equal to the principal amount offered for sale) snd said
percentage by which the principal amount of official terms of offering, the provisions`of
the Bonds is increased or reduced. the latter shall control.
None of the Bonds will be optional for By order of the City Council of Ames, Iowa.
Notary Public redemption prior to maturity. Sandra L. Ryan, City Clerk
Bidders must specify a price of not less
in and for the State Of Iowa than $3,494,205, plus accrued interest. The Publishyd in The Daily Tribune February 21,
legal opinion of Dorsey & Whitney P.L.L.P, 1996.
iAttorneys, Des Moines, Iowa, will be furnished
IPOAL S
FEES,$38.52 TIFFAN . WALKER
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