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Home My WebLink AboutA011 - Report of BidsCity of Ames, Iowa $3,475,000 General Obligation Corporate Purpose Bonds Series 2002A. April 9, 2002 TO: City of Allies Council Members and Adri-linistration FROM: David Dirks EvFINSE'N DODGE', INC. SUBJECT: $3,475,000 General Obligation Corporate Purpose Bonds Series 2002A Today, April 9, 2002, the sealed bids tabulated below were received, opened and reviewed. The bids reflect and are indicative of the current conditions in the tax- exempt market. BIDDER ADDRESS C, VYj T I R UBS PaineWebber, Inc. Chicago, 11- $1,905,735.92 4.8227% (and 5 syndicate members) Harris Trust & Savings Bank Chicago, IL $1,925,563.00 4.8709% (and 10 syndicate members) WE RECOMMEND AWARD TO: UBS PaineWebber, Inc. Thank you for the opportunity to be of service to the City of Ames, Iowa. We are available to answer any questions you may have on this or any other issue in the future. 100 Court Avenue, Suite 215 Des Moines, JA 50309 515/282-6138 FAX 515/282-0252 U4/ U,5/ U/ U4:00 tAA 414 000 UIVI Lb3' rAi.\L"LDDLA 4-�-j U U'L / U U I Members of the City Council City of Ames, Iowa Sale Date: April 9, 2002 For the principal amount of S3,475,000 General Obligation Corporate Purpose Bonds, Series 2002A of the City of Am 's low legally issued and as described in the Official Terms of Offering, we will pay the City Sr4.' �4� r X. zoo (not less than $3,447,200) plus accrued interest on the total principal of S3,475,000 to the date of defivery, provided the Bonds bear the following interest rates: Year Amount Rate XlU Amount Rate 2003 $120,000 q, 0 % 2013 $185 '000 q,So% 2004 130,000 yz?�:o/a 2014 190J ' % 2005 135,000 % 2015 200,:.'. 0/0 2006 140,000 % 2016 210,000 0% 2007 145,000 % 2017 220,000 '5. C) % 2008 150,000 % 2018 230,000 3% 0-% 2009 155,000 % 2019 240000 *�% 2010 2011 160,000 170,000 % % %-; 2020 2021 255000 265,000 C % 1 Z-> % 2012 17-5,000 % The Bonds mature on June I in the years and amounts as listed above and interest is payable on December 1, 2002 and thereafter on June I and December I of each year. In making this offer, we accept the terms and conditions as defined in the Official Terms of Offering published in the Official Statement dated March 21, 2002. 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 $34,750 has been or will be submitted in accordance with the Official Terms of OffeTin2- ON �41 - J100301 Explanatory Note, According to our computation, this bid involves the following: ep,— S Net Interest ost /7 -22 % True In teres t Rate UNIFAMESS --- TLWYMCBP=0W01RWP. U1W.MD30N410rFM Respectfully submitted, CMCA(N% IL SM 3124=46U Q= YA10 Account Manager (A list of account embers is 071 the reverse side Or this bid.) The foregoing offer is hereby accepted 1 y-;ridtbn behalf of the City of Ames, Iowa, this 9"' day of April, 2001 k- i . 't'— (Title) l (Title) t ° OFFICIAL BID FORM Members of the City Council City of Ames, Iowa Sale Date: April 9,2O0Z For the principal umnuut of' D3,475,08OGeneral Obligation Corporate Purpose 8onda, Soh*o 2802& ofthe City of' AlQwa, | and as described in the Official Tonno of' O8fehog, we will pay the City (not \oo, than S3.447.200) plus anomcd interest on the total principal ur8}.475^00O to the (late n|delivery, pmvidcdthe Bonds bear the following interest rates: Year Amount Rate Year Amount Rate ZV03 �\�10�) �� 2O\} S\85/0O 2004 130.000 IYo 2014 190.000 1)/0 2005 135,000 2015 200N0 ID06 148.00O IX, 2016 210.0O0 v6 2007 145.000 2017 220.000 Y6 2008 150`000 2018 230.000 2(X)9 155.000 2019 240`080 2010 180`000 2020 255.000 1Y6 2011 2U\Z 170.000 |75.O0O 2021 265,000 2U\Z |�0� The Bonds mature ooJune | in the years and amounts uslisted above and interest io payable on Dcccmhc, |. 2002 and thereafter ooJune \ and 0noombc, l of each year. lomaking this offer, ,maccept the terins and conditions as defined in the Official Terms of Offering published in the Official Statement dated K3urcb 27. 2002. All h|ook spaces n[this offer are intentional and are riot to hccuuntmud*s anomiusiou, Our good faith deposit in the amount of$34.750has been orwill be submitted in xcco/duuoo with the Official Terms of Offering. Explanatory Note: According to our computation, this bid involves the following: Net Interest Cost � True Interest Rate Respectfully Submitted, Harris Trust & Savinqs Bank — Account Manager - Jr, (A list ofaccount mnmhxo 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 9" day of April, 2002. (Title) (Title) El Members of the City Council City of Ames, Iowa OFFICIAL BID FORM Sale Date: April 9, 2002 For the pim6pd amount vfSJ,475.008 General Obligation Corporate Purpose Bonds, Scdoa 2002A of' the City of Arries, Iowa,| and as dcochhrd in the Official Tonnx of 0ffering, we will pay the City m (not less than %3`447.20O)plus accrued interest oothe total principal o[S3`475,000tv the (kite n|u*xvcry. provided the Bonds beat- the following interest rates: Year Amount Rate Year Amount Rate 2003 S 120/000 2013 @l85,0O0 2004 130.000 2014 \90�O0 2005 135,008 ~p 2015 200.80O 2006 140.000 2016 210.000 2007 145.000 2017 220.000 2008 150^000 2018 230.008 2009 155,000 2019 240^000 % 2010 160.000 2020 25�,O0O �� 2011 2012 170`000F 175.000 2021 265000 The Bonds rmture on June ( in the years and amounts xs listed above and interest ispayable on December \, 2002 and thereafter on June I and December I of each year. lnmaking this offer, we accept the terms and conditions as defined in the Official Terms of Offering published in the Official Statement dated March 27, 2002. All blank spaces ofthis offer are inumhoov| and are not to be construed as an ornission, Our good faith deposit in the amount of $34,750 has been or will be submitted in accordance with the Official Tunnoo[Offering. NOT PARTOFTI IIS BID: 8xpboa*, Note: According * our computation, this bid involves the following: 47 Net Interest Cost True Interest Rate Respectfully submitted, _ Ac Harris Trust & Savinqs Bank (A list of account members is on the o,00e side of this bid.) *** The foregoing offer is hereby accepted by and on behalf of the City of Ames, Iowa, this 9"' day of April, 2002. (Title)