HomeMy WebLinkAboutA012 - Letter from Dorsey & Whitney dated June 25, 1998DORSEY & WHITNEY LLP
ATTORNEYS AT LAW
MINNEAVOLIS
801 GRAND, SUITE 3900
WASHINGTON, D.C.
DES MOINES, IOWA 50309
LONDON
TELEPHONE: (515) 283-1000
BRUSSELS
FAX: (515) 283-1060
I IONG KONG
DES MOINES
RO(AIESIER
COSTA MESA
June 25, 1998
Jill Ripperger
City Clerk
City Hall
PO Box 811
515 Clark Avenue
Ames, Iowa 50010
NEW YORK
DENVER
SFATTLE
FARG,C)
BILLINGS
MISSOULA
GREAT FALLS
5
Re: Ames, Iowa
$5,130,000 General Obligation Corporate Purpose Bonds
Our File No. 419370-20
Dear Jill:
We have prepared and enclose three copies of the Final Delivery Certificate covering the
captioned Bonds scheduled for closing on June 30.
Please take the following actions with respect to this certificate:
1. Review the facts contained in the certificate and advise us of any inaccuracies,
particularly if you anticipate any problem in spending the proceeds of the Bonds to pay project costs
within the time limits outlined.
,0
2. Have this certificate signed and sealed as indicated and return two fully executed
copies to our office as soon as possible.
Federal law requires that a special form be submitted in order to preserve the tax-exempt
status of the interest earnings on the Bonds. Please sign the enclosed IRS 8038 form and return it
V'v"to us so that we can file it with the Internal Revenue Service. The extra copy enclosed is for the
City's records.
ln,;Wition to t1wabove documents, we will also need to receive the completed transcripts
of the Jdn'e 9 and Jurie"23 meetings, and we will need to have all of these documents in our hands
no later than Monday, June 29 in order to distribute our opinion for closing on June 30.
DORSEY & WHITNEY LLP
Page 2
'If 0 Finally, we are enclosing the Bonds, numbered f WWI to 12, inclusive, printed on check-
d) by M11
/otective paper to be,executed (authenticated) PTreasurer as the Bond Registrar and
forwarded to DTC A , �rid4y, June 26. We are enclosing a Fe*deral Express package addressed to the
appropriate person and department at DTC for this purpose. If for any reason the Bonds cannot be
shipped to DTC tomorrow, please let us know as soon as possible. Please provide us with a
of authenticated Bond No. I for our file.
If you have any questions, or if there is anything further we can do to be of assistance, please
do not hesitate to call.
Very truly yours,
H. Helmick
RHH:cdm
Ames/419370-20/FDC & Ur
Enclosures
cc: Steven Schainker
Alice Carroll
John Klaus
Dave Dirks
Charles A. Uperaft