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Home My WebLink AboutA009 - BidsTO: City of Ames, Iowa FROM: David M. Dirks EVENsEN DODGE, INC. SUBJECT: $4,195,000 General Obligation Corporate Purpose Bonds, Series 1995E Today, September 26, 1995, the sealed bids tabulated below were received, opened and reviewed. The bids reflect and are indicative of the current conditions in the tax- exempt market. I ) NIR BIDDER ADDRESS 15 NLC---- Harris Trust & Savings Bank Chicago S1,242,061.67 4,7962% First of America Kalamazoo �d,-L4ZJUJ-J-J 4./y/ 1 -/0 Hutchinson Shockey Chicago $1,266,202.33 4.8894% Piper Jaffray, Inc. Minneapolis $1,270,321.67 4.9053% Prudential Securities Inc. New York $1,274,970.00 4.9232% Everen Securities, Inc. Chicago S1,290,712.50 4.9840% Dain Bosworth, Inc. Chicago S1,296,401.63 5.0060% WE RECOMMEND AWARD TO: Harris Trust and Savings Bank Thank you for the opportunity to be of service to the City. We are available to answer any questions you may have on this or any other issue in the future. 100 Court Avenue, Suite 215 Des Moines, 1A 50309 515J292-6139 FAX 515/282-0252 0 OFFICIAL BID FORM Members of the City Council City Of Ames, Iowa Sale Date: September 26,1995 For the Principal amount of $4,195,000 General Obligation Corporate Purpose Bonds, Scries 1995-B of the City of Ames, 1110D le ,11y issued and as described in the Notice of Sale of Bondi and 'rem of Offering, we will pay the City $ (not less than $4,153,050) plus accrued interest on the total principal of $4,195.000 to date 01 uallvely, Provided the Bonds bear the following interest rates: xW Interest Interest AX=W Bak xW Amount Haft 1996 $345,000 % 2002 $350.000 1997 1998 350,000 350,000 % 2003 350,000CJ 1999 V, 2004 350,000 2000 350;000 350,000 i:k % 2006 350,000 350,000 2001 350,000 i4� 7% 2007 350,000 % The Bonds TnaWm On June I in etch of the years as indicated above and interest is payable June 1, 1996, and serniatilnually thereafter on June I and December I of cacb year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of offering published in the Official Statement dated September 19, 1995. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID :APMWLOTT NOW According to our computation, kris bid involves the following: 6:;X oar let merest Cost Interest Rate Respectfully submitted, Harris Trust and Savin(Ts Bank & Associ-ate: ups I�tatragen arri idc'nt (A fist of accmmt Members is on tW mverse side of this proposal,), (SEE ATTACHED LIST) The foregoing Offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 26th tiny pf Sepwmber, 1995. (Title) (Title) 0 OFFICIAL BID FORM Members of the City Council City of Ames, Iowa Sale Date: September 26, 1995 For the principal amount of $4,195,000 General Obligation Corporate Purpose Bonds, Series 1995-B of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ $4,153,050) plus accrued interest on the total principal of $4,195,000 to date 5Z.) (not less than of delivery, provided the Bonds bear the following interest rates: Interest Interest Year Amount Rok 1996 $345,000 2002 $350,000 OX 1997 350,000 OX 2003 2004 350,000 350,000 % C�� a % 1998 350,000 % kL% 2005 350,000 COX -S 0 -77'77% 1999 2000 350,000 350,000 -/o 2006 350,000 �07 0 2001 350,000 �4/o 2007 350,000 ��' �8 /0 The Bonds mature on June I in each of the years as indicated above and interest is payable June 1, 1996, and semiannually thereafter on June I and December I of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated September 19, 1995. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Respectfully submitted, xplanatory Note: According to our computation, fis bid involves the following: 4et 16terest Cost Interest Rate AeA C 1 -6— Account Manager By A (A list of account members is on the reverse side of this proposal.). The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 26th day of September, 1995. (Title) (Title) SEP-22-1995 11:27 IEEE i CD 312 443 7225 P.02 6� Members of tht City Counc �il CitYOf Amcs, lawa S210-' pate: September 26, 1993 Fo' the principal amount of $4,195,0*0 General Obligation Corporale. purpose Ames, Iowa, legally B`4 Strics 1995-B of the City of city $ 4 - Issued and as delcribed in the Notice of Sale of Bonds and Terms of OtTatlg, we will pay the 4 4(9the (not less than $4,153,050) Plus accrued interest on the total Pfinc!Pal Of $4,195,000 to date of defivi 'Y' ov, d th't Bonds bear the fallowing interest rates: Amoun Interest Rak Y."r Interest AM2= 1996 1997 $345.000 350,000 61; -S2�)V, 2002 2003 $350,000 % 1 998 1999 350,000 350,000 5- 7o)—, ff 2004 350,000 350,000 % 2000 3S0,000 �-4i2006 2005 350,000 2003 350,000 bk% 2007 350,000 350,000 110 Boods mature on junc I In each of the years as indicated above and interest is payable June 1, M6, and semiannually thcrzafmT On June I and December I ofeach year. In malting this o1yer, we accept the terms and conditions as defined in the 'Native Of Sale and Tcrms of Offering published in the Official Statement dated September 19, 1995. All blank spaces Of this offer arc intcndoaal and are not to be construed as an omission., NOT PART OF THE BID RACPOCtUly submincd, --F q414MUSY 1,4ULC: %Ccordinz to our computation this f id involves the following: Net Interest Cost' " I L-1 S L' -- Interest Rate M (A list o account members is this proposal.) on the reverse side The foregoing offer is hereby accepted by and on beh 1995, 'If Of the City Of Am", Iowa, this 26th day of September, (Title j (Title) TOTHL P.02 4 Members of the City Council City of Ames, Iowa Sale Date: September 26, 1995 For the principal amount of $4,195,000 General Obligation Corporate Purpose Bonds, Series 1995-B of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City $ (not less than $4,153,050) plus accrued interest on the total principal of $4,195,000 to date of delivery, -provided the Bonds bear the following interest rates: Interest Interest YSU AMQ= Rats YW AMDUDI Rak 1996 $345,000 :5. e- 5; % 2002 $350,000 1997 350,000 6) % 2003 350,000 % 1998 1999 350,000 350,000 C % % 2004 2005 350,000 % 350,000 m.0 % 2000 350,000 % 2006 350,000 % 2001 350,000 5_6 % "'s 2007 350,000 The Bonds mature on June I in each of the years as indicated above and interest is payable June 1, 1996, and semiannually thereafter on June I and December I of each year. In making this offer, we accept the terms and conditions as defined in the Notice of Sale and Terms of Offering published in the Official Statement dated September 19, 1995. All blank spaces of this offer are intentional and are not to be construed as an omission. NOT PART OF THE BID Explanatory Note: According to our computation, this bid involves the following: $ 2 Net Interest Cost % Net Interest Rate Respectfully submitted, Zlper Jaf f ray Inc Acco Manager By D vi irianni, Managing Director (A list of account members is on the reverse side of this proposal.) . The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 26th day of September, 1995, (Title) (Title) ACCOUNT MEMERS PJC MGR Ed Jones Co -Mgr Dougherty Dawkins Inc Co -Mgr FBS Invest Co -Mgr Juran & moody Co -Mgr Park Invest Corp member SEP 22 195 10:GG F R'O fl P R U IS E C C' H I . PAGE , 00 1 5T4—j—r*1:V �- �411 T Members of the City Council City of Amer, laws We Date: September 26, 1 M For the principtd amount of $4,195,000 (;*nw*1 Obligation Corpotate, A"*$* Bonds. Swi*6 1995-B of the City of Antes, Iowa, I ly inucd and as described in the Notice of Sale of Donds and Terms of Offering, we will pay the city $ �'- ,-'> (not Ima than $4,153.050) plus accrued inftmt on the total principal of S4,195*W to dart Of delfv-fiy, 'pv"ded the Bonds bear the following intctust rubw Interest 113term IM Aniant am IM AXW=I am 19% $345,000 *6 2002 $350,000 00/0 IM 350,000 % 2003 350,000 0 1% 1"8 350,000 % 2004 35010W i"It/O 19" 350,000 % 2005 350,000 2000 350,000 -.% 2006 350,OOD -L �6) IV6 2001 350,000 % 2007 350,000 The Bonds matury on Jwe I in t*ch of the yewn es indicated above and interest is payabLe June 1, 1996, and semianaually thenudker on June I atkd rk=mbeT I of mh Yew, In making this offer, we wA*pt the terms and conditions a defined in the Notice of Sale wW Tem of Offftt publisbod in the Official Statement dated Septetnbw 19, 1905. All blank spaces of this offer we intentional and am not to ibis conwaad as an *mission, ExpknUM NW: ;G;-wMj- to our cauputwon. *b bid Involves tbe IWIDV&g,. s - 9 N-etiw—mt Cost Net Interest Mate (Title) Rtspec6lty tubmit" (Title) f a - -- � # a , i 4 *4 TO"FPL PAGE ,001 ** SEP-22-1995 14:57 FROM KS G UhDEPWRITING T rl NT BY:EVENSEN DODGE ; 9-22-95 : 1:41em 4 rvL.14VW, 916123387264 P.02 (P Members of the City C;ouncil Sale Due: Sepmnber 26, 1"5 ChY Of AMU. IW& For dw principal amo=t of S4, 19S,000 Genwil Obilgafi= Carp roter ?WPM Sods. $46" 1995-B of the City of Antes, Iowa. legally imtd ad as described in the Notice of $sJo of Bonds and Tam of Offering, we will W the City S (not {aar than 54,153,OS0j pier aeerusd inmta on rise urtsl pt^Incipai of Sa,195,tlOcl to date of delivery, pr6vided the Bonds bw the following Www mm xm xm AMOM am 1946 5345,000 % 2002 5350,000 05+14 1997 350,000 % 2003 330,000 % Mg 3$0,000 % 2004 MAO % 1"9 350,000 % 200 3$0,000 % 2000 330,000 % 2006 350,000 Si 2001 350,000 95 2007 330,000 Wi�10/- The BOB& mature on Jim I in sub of the Years U Wdi=W above end interest is payable Joe 1, 1 W, and $01519MU014Y UW04fter an June ) and December I of each Year. In In4kiftS this Oft, WO W"Pt *A WMA and wadhiodi oz defined in the Notice of We sad Taw of Offerins PUbUM to the MINI Stitment dated Soyamsba 19, IM AU blank spaces of tills offtr m* Intentional and are not In be construed a an omission. NOT PART OF TIM SM . Respeedhily subtained. lap -kfiet - Note: According to our a-mi =mM this bid involves the following: Vz, Net interm Coo Z — /-, - " _A Not IaWW Rats r- sec (A HO Of UMM Mazaben is an the mvave side of The f0tWiAl offer is hereby SMVW by and go behalf Of the City of AMM 1OW46 this 26th day of September, 1"s, CrNe) (Tide) SEP 21. '95 02:21Fah" CLAYTON PROM & qSSOC It ' M Members of the City Council Sale Date: September 26, 1995 City of Ames, Iowa For the principal amount of $4,195,000 General Obilphoo Corporate Purpose Bonds, Series 1995-B of the City of Ames, Iowa, legally issued and as described in the Notice of Sale of Bonds and Terms of Offering, we will pay the City�Vl MM less than S4,153,050) plus accrued interest on the total principal of $4,193,000 to date of lefiiiry, provided the Bonds bear the following interest rates: laterest Interest xM Amount Rate xW Among M6 $345,000 % 2002 $350,000 1997 350,GW —1% 2003 350,0w 9) 1998 350,000 Te� -0/0 2004 350,000 1999 350,000 00ZL. % 2005 350,0 2000 350,OW % 2006 350,000 2001 350,000 % 2007 350,000 The Bonds mature on June 1 in each of the you* as indicated above and interest is payable June 1, 19%, and semiannually thereafter on June I and December I of each year. In making this Offer, we accept the terms and conditions as defined in the Notice of Sale and Twms of Offering published in the Official Statement doped September 19, 1995. All blank spaces of this offer are intentional and an not to be construed as an omission. ExplanatM Note: According to our computgjoN this bid involves the following* Not ifiumat Cost Net Interest Rate Account ager_. B VP (A list of account members is on the reverse side of this proposal), The foregoing offer Is hereby accepted by and on behalf of the City of Ames, Iowa, this 26th day of September, 1995. (Title) (Title)