HomeMy WebLinkAboutA014 - Letter from Dorsey & Whitney dated June 18, 1999MINNEAPOLIS
WAS) ]ING TON,
1,C)NDON
BRUSSELS
BONG KONG
DES MOINES
RO(:I-IES LEFIL
('.OSTA MESA
Diane R. Voss
City Clerk
City Hall
Post Office Box 811
515 Clark Avenue
Ames, Iowa 50010
DORSEY & WHITNEY LLP
A-i-roRNEYS Ar LAW
801 GRAND, SUITE 3900
DES MOINES, IOWA 50309
TELEPHONE: (515) 283-1000
FAX: (515) 283-1060
June 18, 1999
Re: Ames, Iowa
$4,045,000 General Obligation Corporate Purpose Bonds, Series 1999
Our File No. 41.9370-21
Dear Jill:
NEW YORK
DENVER
S E AT'T 1, F
FAR GO
BILLINGS
MISSOULA
We have prepared and enclose three copies of the Final Delivery Certificate covering the
captioned Bonds scheduled for closing on June 24.
',P'Iease 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.
2. Have this certificate signed and sealed as indicated and rettlfn 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
01 status of the interest earnings on the Bonds. Please sign the enclosed IRS 8038 form and return it
to us so that we can file it with the Internal Revenue Service. The extra copy enclosed is for the
City's records.
Finally, we are enclosing the Bonds, numbered frorn I to 12, inclusive, printed on check -
protective paper to be executed (authenticated) by the City Treasurer as the Bond Registrar.
DORSEY & WHITNEY LLP
Page 2
We understand that you will have all of the enclosed documents signed and returned to us so
that we will receive them on Tuesday, June 22, in order to distribute them and release our opinion
for closing on June 24.
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 ,yp rs,
Robert H. Helmick
RHH
Aines/419370-21/FDC & Ur
Enclosures
cc: Steven Schainker
Alice Carroll
John Klaus
Dave Dirks
Charles A. Uperaft