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Home My WebLink AboutA001 - Results of Sale RESULTS OF SALE SALE DATE: July 10,2001 $10,080,000 General Obligation Corporate Purpose Bonds,Series 2001A City of Ames,Iowa Due: June 1,2002-2013 Dated: August 1,2001 Ratings: Aaa(Moody's),AA+(S&P) Bank Qualified: No BBI: 5.26% BIDDERS Address Year Rate Yield MORGAN STANLEY DW INC. Chicago,IL 2002 4.000% 3.029% Price DEAN WITTER REYNOLDS INC. 2003 4.000% 3.300% PAINEWEBBER INC. Chicago,IL 2004 4.000% 3.490% $ 10,040,936.30 SALOMON SMITH BARNEY Chicago,IL 2005 4.000% 3.680% CIBC OPPENHEIMER CORP. New York,NY 2006 4.000% 3.830% NIC CRONIN&CO.INC. Minneapolis,MN 2007 4.000% 4.010% CITIZENS BANK Flint,MI 2008 4.100% 4.170% $2,900,889.53 CHAS SCHWAB&CO.INC. San Francisco,CA 2009 4.200% 4.290% 2010 4.300% 4.390% TIR 2011 4.400% 4.490% 2012 4.600% 4.650% 4.3825% 2013 4.700% 4.750% BIDDERS Address Year Rate HARRIS TRUST&SAVINGS Chicago,IL 2002 4.000% Price BANK 2003 4.000% WELLS FARGO BROKERAGE Minneapolis,MN 2004 4.000% $10,052,902.00 SERVICES LLC 2005 4.000% Commerce Capital Markets,Inc. Philadelphia,PA 2006 4.000% NIC First Tennessee/Kansas City Overland Park,KS 2007 4.000% Northern Trust Securities,Inc. Chicago,IL 2008 4.150% $2,903,473.83 The Bankers Bank Madison,WI 2009 4.250% Dougherty&Company,LLC Minneapolis,MN 2010 4.350% TIR First St.Louis Securities Inc. St.Louis,MO 2011 4.450% Isaak Bond Investments,Inc. Denver,CO 2012 4.600% 4.3827% Kirlin Securities,Inc. Syosset,NY 2013 4.700% Mellon Financial Markets LLC Philadelphia,PA NBC Capital Markets Group Memphis,TN Ruan Securities Des Moines,IA 0371(33)_l BIDDERS Address Year Rate U.S.BANCORP PIPER JAFFRAY Minneapolis,MN 2002 4.000% Price 2003 4.000% 2004 4.000% $10,033,539.90 2005 4.000% 2006 4.000% NIC 2007 4.000% 2008 4.100% $2,928,272.60 2009 4.250% 2010 4.400% TIR 2011 4.500% 2012 4.600% 4.4257% 2013 4.700% BIDDERS Address Year Rate DAIN RAUSCHER,INC. Chicago,IL 2002 4.000% Price GRIFFIN,KUBIK,STEPHENS& Chicago,IL 2003 4.000% THOMPSON,INC. 2004 4.000% $10,024,515.60 ABN Amro Financial Services,Inc. New York,NY 2005 4.000% Prudential Securities Incorporated Chicago,IL 2006 4.000% NIC Howe,Barnes Investments,Inc. Chicago,IL 2007 4.000% 2008 4.250% $2,951,446.90 2009 4.250% 2010 4.400% TIR 2011 4.500% 2012 4.600% 4.4634% 2013 4.750% 0371(33)_1 JUL. b.CUTAJ1 f 1 J I nI ILL l uL-ni 1 wl i i u� "�• �•'� OFFICIAL BID FORM Members of the City Council Sale Mite: July 10,2001 City of Arises,Iowa for the principal amount of S10,080.000 General Obligation Corporate Purpose Bonds, Series 2001A of the City of Ames, Iowa, le 11 ss�e& and as described in the Official Terms of Offering, we will pay the City g �� k' (not less than $.9,999,360) plus accrued interest on the total principal of S10,0 0,000 t the date of delivery,provided the Bonds bear the following interest rates. Interest Interest year Amount Rate YSE Arnoynt Rate 2002 S 785.000 % 2008 $835:000 % 2003 745,000 % 2009 870,000 % 2004 770,000 b % 2010 875;000 % 2005 795,000 % 2011 900,000 —% 2006 820,000 % 2012 905,000 �l _% 2007 835,000 7 (/ % 2013 945,000 The Bonds mature on June 1 in the years and amounts as Iisted above; interest on the Bonds is payable on December 1,2001 and semiannually thereafter. In making this offer,we accept the terms and conditions as defined in the Official Terms of Offering published in the Official Statement dated July 3, 2001. All blank spaces of this offer are intentional and are not to be construed as an omission. Our good faith deposit in the amount of$100.800 has been or will be submitted in accordance with the Official Terms of Offering. NOT PART OF TIBS BID: Respectfully submitted, Explanatory Note: According to our computation, this bid involves the following: S•3 $ � �Oo 8� :�--. moRbarusr�iu�rq �cu �- Account Manager Net Interest C054 41*aL -74-140 % True Interest Rate (A list count en a sis on the reverse side of this bid.) wwwwww�.rtµrt�•wrMN'wrtwwwMwdtir.wwwxa*w+hwew*w�r�N****��*+kt�*�w�****�wwww**aw�•Wwwwwww.uwwwwwawMwwww' The foregoing offer is hereby accepted by and on behalf of the City of Ames,Iowa,this 10''day of July,2001. (Title) (Title) OFFICIAL BID FORM Members of the City Council Sale Date: July 10,2001 City of Ames,Iowa For the principal amount of$10,080,000 General Obligation Corporate Purpose Bonds, Series 2001A of the City of Ain ss Iowa ilsugd� as described in the Official Terms of Offering, we will pay the City $ l LZ 0' (not less than $9,999,360) plus accrued interest on the total principal of $10,080,000 to the date of delivery,provided the Bonds bear the following interest rates: Interest Interest Year Amount Rate Year Amount Rate 2002 $785,000 / % 2008 $835,000 ► �T% 2003 745,000 0 % 2009 870,000 Z % 2004 770,000 % 2010 875,000 % 2005 795,000 0 % 2011 900,000 ► 2006 820,000 ► % 2012 905,000 % 2007 835,000 % 2013 945,000 % The Bonds mature on June 1 in the years and amounts as listed above;interest on the Bonds is payable on December 1,2001 and semiannually thereafter. In making this offer,we accept the terms and conditions as defined in the Official Terms of Offering published in the Official Statement dated July 3,2001. All blank spaces of this offer are intentional and are not to be construed as an omission. Our good faith deposit in the amount of$100,800 has been or will be submitted in accordance with the Official Terms of Offering. NOT PART OF THIS BID: Respectfully submitted, Explanatory Note: According to our computation, � TRUST � �� `�A ^�� this bid involves the following:j� n SAVINGS w{ $ � ��j � Account Manager Net Interest 60st Av. 3Y1Z By % Carrie L. Neal, V. P. True Interest Rate (A list of account members is on the reverse side of this bid.) The foregoing offer is hereby accepted by and on behalf of the City of Ames,Iowa,this 10`h day of July,2001. (Title) (Title) JUL-05-01 THU 09:b2 Aft r, u i i u i OFFICIAL BID FORM Members of the City Council Sale Date: July 110,2001 City of Ames,Iowa For the principal amount of$10,080,000 General Obligation Corporate Purpose Bonds, Series 2001A of the City of $Ames, Iowa, e Ily�ssy� a� described in the Official Terms of Offering, we will pay the City .�33 (not less than $9,999,360) plus accrued interest on the total principal of $10,08 ,000 to the date of delivery,provided the Bonds bear the following interest rates: Interest Interest Y-P.9 A wunt Rate Year Amount hate 2002 S 785,000 % 2008 S 835,000 D 2003 745,000 % 2009 870,000 % 2004 770,000 % 2010 875,000 % 20U5 795,000 F=% % 2011 900,000 2006 820,000 % 2012 905,000 1 2007 835,000 2013 945,000 The Bonds mature on June I in the years and amounts as listed above,interest on the Bonds is payable on December 1,2001 and semiannually thereafter. In making this offer,we accept the terms and conditions as defined in the Official Terns of Offering published in the Official Statement dated July 3,2001. All blank spaces of this offer are intentional and are not to be construed as an omission. Our good faith deposit in the amount of$100,800 has been or will be submitted in accordance with the Official Terms of'Offering. NOT PART OF THIS BID: Respectfully submitted, Explanatory Note: According to our computation, this bid involves the Qfol�lo�wfing: t/p Us Bancorp Piper Jaffray $— f Account 1VIa cr Nett Cost Z By % D arci L. D oneff M ng.Director 612/303-6694 True Interest irate (A list of account members is on the reverse side of this bid.) :aaaMwwaMarwsrw*r,��*�h*avawarreaaa*»aa*seas***►M+Mrtwrywrwrau*warms:aaa*krw*hM��r#+�*a'�'�*'�a�` The foregoing offer is hereby accepted by and on behalf of the City of Ames,Iowa,this 10"day of July,2001. (Title) (Title) JUL-UU-UI rK1 uC-IUt rn UHIIY K=)UMtK UMIUHUU rHn NU. 31C 00d 1 tan r, Ul OF,IF] BID ]CORM Members of the City Council Salc Date: July l0,2001 City of Ames,lore,' ror the 1�rincipa) amount of S10,080,000 Gcncral Obligation Corporate Furpcse Bonds,Series 2001A of the Cite of Antes, Iowa, legally i:,yu and Its described in t]rc Official Tcims of Offering, we will pay the City $A Q�2�S (not ]ess t1,11 S9,999,3 � b0) plus accrued interest on the total principal of 000 the date of delivery,prcvided the Bonds bcnr the following interest rates: Interest lnteiest Year Amount RatE Year .amount Rate 2002 S 785,000Cj _% 2008 $835,000 � % 2003 745,000 2009 870,000 - % 2004 770,000 O % 2010 875,000 ' % 2005 795,000 , 6 % 2011 900,000 % 06 820,000 % 2012 905,000 /�% 2007 835,000 % 2W 945,000 % 'file Bonds mature on June 1 in the )'ULI's and amounts. as listed above; interest on the Bonds is payable on Decembcr 1,2003. and cmiamivally thcrcailer. in nj jkinp this offer, we accept the teens and conditions as defined in the Official Terms of Offering published in the Official Statement dated July 3, 2001. All blank spaces of this offer are intentional and are not to be construed its an omiFsion. Our Bond Lith deposit in the amount or$I00,800 has been or will be submitted in accordance\vith the Official Terms of Offering. NOT PART OF THIS BID: Respectfully submitted, Explanatory Notc: According to our computation, this bid involves the follo 11n9:� S 2 Account Manager 1\�e'l'tnl('.l'e5t OSI By - 4 1-rue Interest Rate (A list of account members is on the reverse Sid /of"W this b»d.) �� ,�� **�bJ� k%%:1k%ib Way*•1 xk A% I%��axaxxxx%.%%%asAxaxxl�%%"%may N ` 'I'hc foregning offer is her clay accepted by and on behalf of the City of Ames,Iowa,this 10't day of July,2001. (Title)- (Title) $10,080,000 General Obligation Bonds, Series 2001 City of Ames, Iowa Final Based on Bid From Morgan Stanley Dean Witter DEBT SERVICE SCHEDULE Date Principal Coupon Interest Total P+I FISCAL TOTAL 8/01/2001 - - - - 12/01/2001 - - 141,348.33 141,348.33 - 6/01/2002 785,000.00 4.000% 212,022.50 997,022.50 1,138,370.83 12/01/2002 - - 196,322.50 196,322.50 - 6/01/2003 745,000.00 4.000% 196,322.50 941,322.50 1,137,645.00 12/01/2003 - - 181,422.50 181,422.50 - 6/01/2004 770,000.00 4.000% 181,422.50 951,422.50 1,132,845.00 12/01/2004 - - 166,022.50 166,022.50 - 6/01/2005 795,000.00 4.000% 166,022.50 961,022.50 1,127,045.00 12/01/2005 - - 150,122.50 150,122.50 - 6/01/2006 820,000.00 4.000% 150,122.50 970,122.50 1,120,245.00 12/01/2006 - - 133,722.50 133,722.50 - 6/01/2007 835,000.00 4.000% 133,722.50 968,722.50 1,102,445.00 12/01/2007 - - 117,022.50 117,022.50 6/01/2008 835,000.00 4.100% 117,022.50 952,022.50 1,069,045.00 12/01/2008 - - 99,905.00 99,905.00 - 6/01/2009 870,000.00 4.200% 99,905.00 969,905.00 1,069,810.00 12/01/2009 - - 81,635.00 81,635.00 - 6/01/2010 875,000.00 4.300% 81,635.00 956,635.00 1,038,270.00 12/01/2010 - - 62,822.50 62,822.50 - 6/01/2011 900,000.00 4.400% 62,822.50 962,822.50 1,025,645.00 12/01/2011 - - 43,022.50 43,022.50 - 6/01/2012 905,000.00 4.600% 43,022.50 948,022.50 991,045.00 12/01/2012 - - 22,207.50 22,207.50 - 6/01/2013 945,000.00 4.700% 22,207.50 967,207.50 989,415.00 Total 10,080,000.00 - 2,861,825.83 12,941,825.83 - YIELD STATISTICS Bond Year Dollars..................................................... $66,170.00 Average Life.............................................................. 6.564 Years Average Coupon....................................................... 4.3249597% Net Interest Cost(NIC)............................................. 4.3839951% True Interest Cost(TIC)............................................ 4.3825835% Bond Yield for Arbitrage Purposes........................... 4.2912962% All Inclusive Cost(AIC)............................................. 4.3825835% IRS FORM 8038 Net Interest Cost....................................................... 4.3182093% Weighted Average Maturity...................................... 6.541 Years Prepared by Evensen Dodge, Inc. File=CITY OF AMES.SF Financial Advisor