HomeMy WebLinkAboutA004 - Proof of publication dated September 17, 2002 - Notice of Sale i
LEGAL NOTICE
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NOTICE OF SALE
City of Ames,Iowa
$7,825,000*General Obligation
Refunding Bonds,
Series 2002C
Sealed bids will be received on behalf of the
City of Ames,Story County,Iowa until 10:00
o'clock a.m.on the 24th day of September,
2002,at the offices of City Clerk,City Hall,
515 Clark Avenue,Ames,Iowa 50010,for
Proof Of Publication In the purchase of $7,825,000* General
THE TRIBUNE Obligation Refunding Bonds,Series 2002C,
------ _____ of the City,at which time such bids will be
opened and canvassed. Thereafter such bids
STATE OF IOWA,STORY COUNTY,ss. will be presented to the City Council for
consideration at its meeting to be held at seven
o'clock p.m.on the same date at the Council
I,Tom Hawley/Kristine A.Strum,on oath depose Chambers,City Hall Ames,Iowa,at which
and say that I am President/Controller time the Bonds will be sold to the best bidder
of THE TRIBUNE,a daily newspaper,printed for cash. No open bids will be accepted.The
at Ames,Story County, Iowa;that the annexed Bonds will be issued as fully registered
printed bonds in denominations of$5,000 or any
integral multiple thereof,will be dated October
15, 2002, will bear interest payable
CITY OF AMES semiannually on each June 1 and December
NOTICE OF SALE$7,825,000 GEN OBLIG.REFUNDING BONDS 1 to maturity,commencing June 1,2003,and
will mature on June 1 in the following years
and amounts:
Principal Principal
Year Amount Year Amount
2003 $1,450,000* 2007 $1,080,000-
2004 $1,350,000* 2008 $ 465,000*
was published in said newspaper for 1 2005 $1,310,000* 2009 $ 450,000*
consecutive week(s)September 17,2002 2006 $1,280,000- 2010 $ 440,000*
The aggregate principal amount of the
and the last of said publication was on the Bonds,and each scheduled maturity thereof,
17th day of September,2002. are subject to increase or reduction by the
City or its designee after the determination
of the successful bidder. Such adjustments
shall be made within no more than two hours
_ of the time of proposal opening and shall be
in the sole discretion of the City or its designee
and will not exceed$400,000 in total and
$50,000 for any annual maturity,provided that
the City or its designee shall only make
sworn to before me and subscribed in my such adjustments in order to size the Bonds
presence by Tom Hawley/Kristine A.Strum to provide enough funds to effect the refunding
this the 17th day of September,2002. in accordance with federal income tax laws
and to establish a debt service structure
1 that is acceptable to the City. *The dollar
amount of the purchase price proposed by
ls� the successful bidder will be changed if the
�lIRGINIA A. BRANNAN aggregate principal amount of the Bonds is
adjusted as described bove. Generally
Iowa Notarial Seal any premium offered or iscount taken will
be increased or reduced b a percentage equal
ommission Number 13 6 to the percentage by ich the principal
My Commission Expires' amount of the Bonds is in reased or reduced
provided that the City's financial advisor will
make every effort to ensure that the net
compensation to the successful bidder as a
Notary Public
in and for the State Of Iowa
My commission expires 11/28/2003
FEES: $50.60
NO. 44712
AMES05