HomeMy WebLinkAboutA006 - Proof of publication dated November 5, 2001 - notice of sale I Pr
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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.
The Bonds are being issued pursuant to
the provisions of Division III of Chapter 384
of the Code of Iowa and will constitute
general obligations of the City,payable from
taxes levied upon all the taxable property in
the City without limitation as to rate or
amount.
In order to permit bidders for the Bonds
and other participating underwriters in the
Proof Of Publication In primary offering of the Bonds to comply with
THE TRIBUNE LEGAL NOTICE Paragraph(b)(5)of Rule 15c2-12 promulgated
by the Securities and Exchange Commission
#43819 under the Securities Exchange Act of 1934
NOTICE OF SALE (the"Rule"),the City will covenant and agree,
STATE OF IOWA,STORY COUNTY,ss. City of Ames,Iowa for the benefit of the registered holders and
$5,150,000*General Obligation beneficial owners from time to time of the
I,Tom Hawley/Kristine A.Strum,on oath depose Fire Station and Refunding Bonds, outstanding Bonds,in the resolution awarding
and say that I am President/ControllerSeries 2001 B the sale and prescribing the terms of the Bonds,
Sealed bids will be received on behalf of to provide annual reports of specified
of THE TRIBUNE,a daily newspaper,printed the City of Ames,Story County,Iowa until 10:00 information and notice of the occurrence of
at Ames,Story County,Iowa;that the annexed o'clock a.m.on the 13th day of November, certain events,if material. The City is the only
printed 2001,at the Council Chambers,City Hall, "obligated person"with respect to the Bonds
Ames,Iowa,for the purchase of$5,150,000* within the meaning of the Rule for the
General Obligation Fire Station and Refunding purposes of disclosing information on an
Bonds,Series 2001 B,of the City,at which ongoing basis. A description of the undertaking
NOTICE OF SALE time such bids will be opened and canvassed. is set forth in the Official Statement. Failure
GENERAL OBLIGATION FIRE STATION Thereafter such bids will be presented to the of the City to enter into an undertaking
AND REFUNDING BONDS City Council for consideration at its meeting substantially similar to that described in the
to be held at 7:00 o'clock p.m.on the same Official Statement would relieve the successful
date at the Council Chambers, City Hall, bidder of its obligation to purchase the Bonds.
Ames,Iowa,at which time the Bonds will be The City has complied in all material respects
published in said newspaper for 1 sold to the best bidder for cash. No open bids with any undertaking previously entered into
was
Pwill be accepted. by it under the Rule.
consecutive week(s)November 5,2001 The Bonds will be issued as fully registered Bidders should be aware that the official
and the last of said publication was on th bonds in denominations of$5,000 or any terms of offering to be published in the
5th day of November 2001, integral multiple thereof, will be dated Official Statement for the Bonds contain
December 1,2001,will bear interest payable additional bidding terms and information
semiannually on each June 1 and December relative to the Bonds. In the event of a
1 to maturity,commencing June 1,2002,and variance between statements in this Notice
will mature on June 1 in the following years of Sale(except with respect to the time and
and amounts: place of the sale of the Bonds and the
Principal Principal principal amount offered for sale)and said
Year Amount* Year Amount* official terms of offering,the provisions of the
2002 $970,000 2008 $435,000 latter shall control.
sworn to before me and subscribed in 2003 $885,000 2009 $110,000 By order of the City Council of Ames,
Y 2004 $885,000 2010 $115,000 Iowa.
presence by Tom Hawley/Kristine A.Strum 2005 $470,000 2011 $120,000 Diane R.Voss,City Clerk
this the 5th day of November,2001. 2006 $455,000 2012 $125,000 Ames,419370-23/Notice of Sale
2007 $450,000 2013 $130,000 Published in The Tribune on November
_ *Preliminary;subject to change 5,2001.
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� 1 The City reserves the right, after bids
are opened and prior to award,to increase
or reduce the principal amount of the Bonds
VIRGINIA A. BRANNAN offered for sale. Any such increase or
MY OMMISSI N EXPIRE reduction will be in a total amount not to
exceed$160,000 and will be made in multiples
of$5,000 in any of the maturities not exceeding
$50,000 in any maturity. In the event the
principal amount of the Bonds is increased
Notary Public or reduced, any premium offered or any
in and for the State Of Iowa discount taken by the successful bidder will
My commission expires 11/28l2003 be increased or reduced by a percentage equal
to the percentage by which the principal
amount of the Bonds is increased or reduced.
The right is reserved to the City to call and
redeem all of the said Bonds maturing in the
years 2010 to 2013,inclusive,in whole or from
time to time in part,in one or more units of
FEES: $48.17 $5,000, on June 1, 2009, or on any date
NO. 43819 thereafter prior to maturity (and within a
AMES05 maturity by lot), upon terms of par and
accrued interest.
Bidders must specify a price of not less
than$5,108,800,nor more than$5,253,000,
plus accrued interest. The legal opinion of
Dorsey& Whitney LLP, Attorneys, Des
Moines,Iowa,will be furnished by the City.
A good faith deposit of$51,500 is required
and may be forfeited to the City in the event