HomeMy WebLinkAboutA004 - Letter from Dorsey & Whitney dated March 19, 2002 DORSEY & WHITNEY LLP
ATTORNEYS AT LAW
MINNEAPOLIS 801 GRAND, SUITE 3900 COSTA MESA
NEW YORK DES MOINES, IOWA 50309 FARGO
SEATTLE HONG KONG
TELEPHONE: (515) 283-1000
DENVER GREAT FALLS
FAX: (515) 283-1060
WASHINGTON,D.C. ROCHESTER
NORTHERN VIRGINIA www.dorseylaw.com TOKYO
DES MOINES March 19, 2002
MISSOULA
LONDON
VANCOUVER
ANCHORAGE TORONTO
SALT LAKE CITY SHANGHAI
RUSS �,�
DianeTw Voss
City Clerk T
City Hall
Post Office Box 811
515 Clark Avenue
Ames, Iowa 50010
Re: Ames, Iowa
$3,475,000 General Obligation Corporate Purpose Bonds, Series 2002A
Our File No. 419370-26
Dear Diane:
We have prepared and enclose proceedings for the March 26 meeting to enable the
Council to set a date for the sale and issuance of the captioned Bonds.
The proceedings enclosed are as follows:
,/1. Minutes of the meeting to fix the time and place for the sale and issuance of the
Bonds, with resolution following.
The notice is set out under the resolution, and an extra copy is enclosed for delivery to the
publisher.
2. Certificate attesting the transcript.
3. Organization Certificate.
4. Certificate with regards to publication of the notice, to which must be attached the
publisher's affidavit of publication with a clipping of the notice as published.
The notice of sale must be published at least once not less than 4 nor more than 20 days
prior to the sale date in a legal newspaper located in Story County or in a contiguous county.
As soon as the notice appears in the newspaper, please have a clipping forwarded to our
office so we may check its sufficiency.
DORSEY & WHITNEY LLP
As soon as possible after the Council meeting, please return one fully executed copy of
all of the completed pages in these proceedings, except the certificate attesting to the publication
(of the notice (the last page of the proceedings). Please return that page to us after you have
,• received the publisher's affidavit with respect to the notice.
Pursuant to our phone conversation we understand that there is sufficient cash on hand in
your debt service fund to pledge to the payment of the interest coming due December 1, 2002
and the principal and interest coming due on June 1, 2003, and therefore we need not file a bond
resolution with the county auditor prior to April 1, 2002 for a mandatory levy in the fiscal year
ending June 30, 2003. In the issuance resolution we will make provision for this internal pledge.
If this is not correct please advise us immediately as it will be necessary to adopt a pre levy
resolution and file it with the County Auditor prior to April 1, 2002.
If you have any questions, please don't hesitate to call.
Very trul yours,
R ert H. Helmick
RHH:cdm
Ames/419370-24/1st Y:GBS
Enclosures
cc: Steven Schainker
Duane Pitcher
John Klaus
Dave Dirks
Charles A. Uperaft