HomeMy WebLinkAboutA004 - Proof of publication dated September 17, 2002 - Notice of Sale LEGAL NOTICE
#44716
NOTICE OF SALE
City of Ames,Iowa
$7,620,000*Electric Revenue
Refunding
Series 2002D
Sealed bids will be received on behalf of the
City of Ames,Story County,Iowa until 11:00
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
the purchase of$7,620,000*Electric Revenue
Proof Of Publication In Refunding Bonds,Series 2002D,of the City,
THE TRIBUNE at which time such bids will be opened and
canvassed. Thereafter such bids will be
presented to the City Council for consideration
STATE OF IOWA,STORY COUNTY,ss. at its meeting to be held at seven o'clock p.m.
on the same date at the Council Chambers,
City Hall Ames, Iowa, at which time the
I,Tom Hawley/Kristine A.Strum,on oath depose Bonds will be sold to the best bidder for
and say that I am President/Controller cash. No open bids will be accepted.The
of THE TRIBUNE,a daily newspaper,printed Bonds will be issued as fully registered
at Ames,Story County, Iowa;that the annexed bonds in denominations of$5,000 or any
integral multiple thereof,will be dated October
printed 15, 2002, will bear interest payable
semiannually on each January 1 and July 1
CITY OF AMES to maturity,commencing January 1,2003,
NOTICE OF SALE$7,620,000 ELECTRIC REVENUE and will mature on January 1 in the following
REFUNDING BONDS years and amounts:
Principal Principal
Year Amount Year Amount
2003 $ 215,000* 2006 $1,820,000*
2004 $1,750,000* 2007 $1,860,000*
2005 $1,780,000* 2008 $ 195,000*
was published in said newspaper for 1 *The aggregate principal amount of the
consecutive week(s)September 17,2002 Bonds,and each scheduled maturity thereof,
are subject to increase or reduction by the
and the last of said publication was on the City or its designee after the determination
17th day of September,2002. 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$500,000 in total and
$125,000 for any annual maturity,except that
the maximum allowable adjustment in 2003
is$50,000, and the maximum allowable
sworn to before me and subscribed in my adjustment in 2008 is$95,000; provided
that the City or its designee shall only make
presence by Tom Hawley/Kristine A.Strum such adjustments in order to size the Bonds
this the 17th day of September,2002. to provide enough funds to effect the refunding
_ in accordance with federal income tax laws
and to establish a debt service structure
f that is acceptable to the City.*The dollar
amount of the purchase price proposed by
VIRGINIA A. BRANNAN the successful bidder will be changed if the
aggregate principal amount of the Bonds is
Iowa Notarial Seal adjusted as described above. Generally
Commission Number 13 9 any premium off ed or discount taken will
be increased or red by a percentage equal
My Commission Expires: to the percentage by which the principal
amount of the Bond is increased or reduced
provided that the Ci 's financial advisor will
make every effort to ensure that the net
compensation to the successful bidder as a
Notary Public percentage of the adjusted par amount does
in and for the State Of Iowa not innraaca nr rfarraasa from what it wni,IH
My commission expires 11/28/2003
FEES: $53.48
NO. 44716
AMES05