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I have attached the proposed schedule for the July 2001 G.O. bond issue for your review
c: Paul Wiegand, Director of Public Works
Lynn Brennan, Public Works Administrative Assistant
4 V'i �sj,"C ity Clerk
'140
Sue Rybolt, Assistant Finance Director
Carol Collings, Budget Officer
PROPOSED TIME SCHEDULE �TT�^������� ������
__.' _. . ..'__' __''
General []Hi#afioM Bonds, Series 2001
Junc2OU1 �
5MTVVTF5
1 2
3 4 5 6 7 8 9
10 11 [�] 13 14 15 16
27 18 19 20 21 22 23
24 25F261 27 28 29 30
July 2001
58kTYVTF6
1 2 3 4 5 6 7
8 9 [CO] 11 12 13 14
15 16 17 18 19 20 21
22 23F:2:4]25 26 27 28
29 30 31
Augusf2O01
SkkTYVTF6
1 2 3 4
5 6 [��l 8 g 10 11
12 13 14 15 16 17 18
19 2OF�i�l22 23 24 25
26 27 28 29 30 31 �
Date
7-ask
Descrl,�,Min
ility
May 15
Issue Planning
0 Preliminary Bond Sizing and Structure
EC)
May 3O-June b Issue Planning * Time Line distributed
° Bond sizing and structure
June 5-26 Set Sale " Sale memo distributed
° Preso|eresolutions and hearings
June 12- 27 Document Preparation " Prepare official statement
� Prepare bond resolution
° Paviewdraft documents
June 19- July 5 Request Pating ° Pecluost rating from Noo6v's and S&P
� Documents to Moody'sond 5 & P
° Pmcuivurotings
EVEN5ENDODGE INC
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May BO'2OO1
Page Two
Pate Task Descrl,'otliqn Res
June 20- July Market Bonds 0 Print and distribute official statement ED
° Notify wire services ED
° Call potential bidders ED
� Monitor market conditions ED
= Prepare sale fi|o ED
July 10 Bond So|o ° Take bids and check for accuracy
° Prepare sale analysis
* Complete bond resolution
� Adopt resolution awarding sale
July 10 Council Meeting w Council adopts Bond Raso|ufion
= Public Hearing
July 11- 31 Closing Preparations° Prepare closing documents
° Confirm closing date and funds fronsfer
Closing letter to all parties
August 1 Closing 0 Purchaser pays for the Bonds
Financing Team Members'
C = City ofAmes, Iowa
8C Dorsay& Whitney LLP(bond counsel)
ED Evonsen bodge, Inc. (financial advisor)
AA = Moodv'sZnvesfnrs Service and Standard and Poor's(rating agencies)
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$10'080.0O0General Obligation Bonds, Series 2001
City nfAmes, |Ovva
Pn3|irniDury Schedule ' 10 year
SOURCES & USES
Dated 08/01/2001 Delivered 08/01/2001
SOURCES UFFUNDS
ParAmountwfBonda—
TOTALS{)URCES
USES DFFUNDS
Estimated Underwriter's Discount (0.800Y6)
EatimahedCoataof|aauance—---—---
DepooithoP*ojec Construction Fund---'
Condnganry----------------'
Prepared byEvcnsonDodge, Inc File = CITY OFAwESJF
$10,080,000 General Obligation Bonds, Series 2001
City of Ames, Iowa
Preliminary
Schedule - 10 year
DEBT SERVICE SCHEDULE
Date
Principal
Coupon Interest
Total P+I
FISCAL TOTAL
YIELD STATISTICS
Bond Year Dollars ..................
Average Life ......................
-
Average Coupon ....................
—... ..................... $56.515.00
............................ 5.607Yeom
---------. 4.0711787%
Net Interest Cost (N|C)..............................................
42138865%
True Interest Cost (T|C)................................ ............
4.2171148%
BondYieldhnArbknagaPuqpoaem—--------.
4.0515953%
All Inclusive Cost (UC)..............................................
4.2791824%
IRS FORM 8U38
Net Interest Cmx\—... ----......................................
4.0711787Y6
VVeightedAvemgeMaturity-------------
5.607Yeos
Prepared bysvenmDodge, Inc,
File = CITY OF AMES, SF
$1O'U80'VU0General Obligation Bonds, Series 2001
City OfAmes, |Ovv8
Preliminary Schedule - 12yB@r
SOURCES &USES
Duted88/O1/2OO1 De|iveredU8/O1/2OO1
SOURCES OF FUNDS
PorArnountofBonda—---------------. $10.080.000.08
USES OF FUNDS
Estimated Underwriter's Discount (8.800%)----. 80.640.00
EshmabadCoutsof|smuance-----------—. 30.000.00
Deposit boProject ConstructionFund.0.988.153.00
Cnnhngenoy--------------------- 1.207.00
TOTAL USES
Prepared byEvensenDodge, Inc.
Financial Advisor
File = CITY OF AMES. SF
$10,0R0.0O0General Obligation Bonds, Series 20D1
City of Ames, Iowa
Preliminary Schedule -12year
DEBT SERVICE SCHEDULE
Date Principal Coupon Interest Toba|P+| FISCAL TOTAL
80/200
YIELD STATISTICS
Bond Year DoUom—.......................
—.................
$68.055.00
Average Life ...... .......................
........................
6751Yeorm
Average Coupon ............
—... ...............................
4,2673787%
Net Interest Cost (N|C)... .......................... .......... 4.385871196
True Interest Cost (T|C)------------- 4.383425396
BondYieAdfonArbitogePuqxosea------—' 4.2413052%
All Inclusive Cost (\|C)........................................ 4.4387201%
IRS FORM 8O38
Net Interest Cost .................................................. 4.2673787%
Weighted Average Maturity ..... ............................ 6751 Years
File C/rYOFA�ES3�
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