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HomeMy WebLinkAboutA005 - Proof of publication dated June 19, 2000 - Notice of Sale L LEGAL NOTICE #42497 NOTICE OF SALE City of Ames,Iowa $5,870,000 General Obligation Corporate Purpose Bonds Seated bids will be received on behalf of the City of Ames,Story County,Iowa,until 10:00 o'clock a.m.on the 27th day of June, 2000,at the Council Chambers,City Hall, Ames,Iowa,for the purchase of$5,870,000 General Obligation Corporate Purpose Bonds of the City,at which time such bids will be opened and canvassed. Thereafter such Proof Of Publication In bids will be presented to the City Council for consideration at its meeting to be held at 7:00 THE TRIBUNE o'clock p.m.on the same date at the Council --------------------------------------------------------------------------- Chambers,City Hall,Ames,Iowa,at which time the Bonds will be sold to the best bid- STATE OF IOWA,STORY COUNTY,ss. der for cash. No open bids will be accept- ed. The Bonds will be issued as fully regis- I,Allen Weber/Kristine Strum,on oath depose tered bonds in denominations of$5,000 or and say that I am President/Controller any integral multiple thereof,will be dated July 1,2000,will bear interest payable semian- nually on each June 1 and December 1 to at Ames,Story County, Iowa;that the annexed maturity,commencing December 1,2000,and printed will mature on June 1 in the following years and amounts: Principal Principal Year Amount Year Amount NOTICE OF SALE CITY OF AMES, IOWA 2001 $390,000 2007 $490,000 $5,870,000 GENERAL OBLIGATION CORPORATE 2002 $385,000 2008 $515,000 PURPOSE BONDS 2003 $400,000 2009 $545,000 2004 $425,000 2010 $570,000 2005 $445,000 2011 $605,000 was published in said newspaper for 1 2006 $465,000 2012 $635,000 consecutive week(s)June 19,2000 The right is reserved to the City to call and redeem all of the said Bonds maturing and the last of said publication was on the in the years 2009 to 2012,inclusive,in whole 19th day of June,2000. or from time to time in part,in one or more units of$5,000,on June 1,2008,or on any date thereafter prior to maturity(and within a maturity by lot), upon terms of par and accrued interest. Bidders must specify a price of not less than $5,823,040,plus accrued interest. The legal opinion of Dorsey&Whitney LLP,Attorneys, Des Moines,Iowa,will be furnished by the sworn to before me and subscribed in my City. presence by Allen Weber/Kristine Strum A good faith deposit of$58,700 is required and may be forfeited to the City in the event this 19th day of June,2000. the successful bidder fails or refuses to take and pay for the Bonds. The City reserves the right to reject any or all bids and to waive irregularities in any bid. . t• N G E LA D.tKENNEDY The Bonds are being issued pursuant to the MY COMMISSEXPIRES provisions of Division III of Chapter 384 of '.� the Code of Iowa and will constitute gener- or �i t ! — al obligations of the City,payable from taxes levied upon all the taxable property in the City Notary Public in and for the State Of Iowa without limitation as to rate or amount.In order My commission expires 6/30/2002. to permit bidders for the Bonds and other par- ticipating underwriters in the primary offer- ing of the Bonds to comply with paragraph Bidders should be aware that the official (b)(5)of Rule 15c2-12 promulgated by the terms of offering to be published in the Securities and Exchange Commission under Official Statement for the Bonds contain the Securities Exchange Act of 1934(the FEES: $34.89 additional bidding terms and information rek "Rule"),the City will covenant and agree,for NO.42497 ative to the Bonds. In the event of a variance the benefit of the registered holders and AMES05 between statements in this Notice of Sale beneficial owners from time to time of the out- (except with respect to the time and place standing Bonds,in the resolution awarding of the sale of the Bonds and the principal the sale and prescribing the terms of the Bonds, amount offered for sale) and said official to provide annual reports of specified infor- terms of offering,the provisions of the latter mation and notice of the occurrence of cer- shall control. tain events,if material. The City is the only By order of the City Council of Ames,Iowa. "obligated person"with respect to the Bonds Diane R.Voss within the meaning of the Rule for the pur- City Clerk poses of disclosing information on an ongo- Published The Tribune June 19,2000. ing basis. A description of the undertaking is set forth in the Official Statement. Failure of the City to enter into an undertaking sub- stantially similar to that described in the Official Statement would relieve the suc- cessful bidder of its obligation to purchase the Bonds. The City has complied in all material respects with any undertaking pre- viously entered into by it under the Rule.