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June 25, 2003
Dorsey & Whitney LLP
801 Grand, Suite 3900
Des Moines, Iowa 50309
Attention_Robert E. Josten
V
515 Clark Avenue, P. 0. Box 811
Antes, 1A 50010
Phone: 515-239-5105
Fax: 515-239-5142
RE: Ames, Iowa
$5,130,000 General Obligation Corporate Purpose Bonds, Series 2003
Dear Mr. Josten:
Enclosed please find fully executed transcripts of the proceedings of our June 24, 2003, meeting
wherein the Council Set July 22, 2003, as the date of hearing for issuance of the above -captioned
Bonds.
If you have any questions, please call. Thank you for your assistance.
Sincerely,
Diane R. Voss
City Clerk
/dry
Enclosures
Ames/419370-New/I ' 1/2 NI
Please Rey, MINUTES TO SET DATE FOR HEARING ON
DORSEY & d' ISSUANCE OF GENERAL OBLIGATION
ATTORNEY.`.'CORPORATE PURPOSE BONDS
801 Grand, C'
Des Moines, Ames, Iowa
June 24, 2003
The Council of the City of Ames, Iowa, met on June 24, 2003, at seven o'clock
p m., at the Council Chambers, City Hall, in the City. The Mayor presided and the roll was
called showing the following Council Members present and absent:
I", esent:
r _Cross, Goodhue, Mnlinvni, Vezz�e, Wirth
Absent: Hoffman
Council Member Mahayni — introduced the resolution hereinafter next set
out and moved its adoption, seconded by Council Member Wirth _; and after
due consideration thereof by the Council, the Mayor put the question upon the adoption of said
resolution, and the roll being called, the following named Council Members voted:
Ayes: Cross, Goodhue, Mahayni, Vegge, Wirth
Nays: None
Whereupon, the Mayor declared the said resolution duly adopted, as hereinafter set out.
At the conclusion of the meeting, and upon motion and-1ote, the Co7l adjourned.
Mayor
Attest:
City Clerk
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/1' 1/2 NI
RESOLUTION NO. 03-238
Fixing a date of meeting at which it is proposed to take action for the issuance
of not to exceed $5,130,000 General Obligation Corporate Purpose Bonds
WHEREAS, the City of Ames, Iowa (the "City"), proposes to contract indebtedness and
issue not to exceed $5,130,000 General Obligation Corporate Purpose Bonds pursuant to the
provisions of Division III of Chapter 384 of the Code of Iowa for the purpose of paying the cost,
to that extent, of constructing various street and storm sewer improvements, and it is necessary to
fix a date of meeting of the Council at which it is proposed to take action for the issuance of the
Bonds and to give notice thereof as required by such law;
NOW, THEREFORE, It Is Resolved by the Council of the City of Ames, Iowa, as
follows:
Section 1. This Council shall meet on the 22 d day of July, 2003, at the Council
Chambers, City Hall in the City, at seven o'clock p.m., at which time and place
proceedings will be instituted and action taken for the issuance of the Bonds.
Section 2. The City Clerk is hereby directed to give notice of the proposed action for
the issuance of the Bonds setting forth the amount and purpose thereof, the time when and place
where the said meeting will be held, by publication at least once, and not less than 4 nor more
than 20 days before the meeting, in a legal newspaper published at least once weekly, and of
general circulation in the City. The notice shall be in substantially the following form:
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
I
Ames/419370-New/1' %, NI
1 5 1� I III lob
011111RIP•619•11 •
Mej NO Wei 41191M IN U 1] 1.40•-0.
The City Council of the City of Ames, Iowa, will meet on the 22 d day of July, 2003, at
the Council Chambers, City Hall, in the City, at seven o'clock p m., for the purpose of
instituting proceedings and taking action for the issuance of not to exceed $5,130,000 General
Obligation Corporate Purpose Bonds for the purpose of paying the cost, to that extent, of
constructing various street and storm sewer improvements.
The Bonds, when issued, will constitute general obligations of the City, payable from
taxes levied upon all taxable property in the City.
At such time and place the Council shall receive oral or written objections from any
resident or property owner of the City. After receiving objections, the City may determine to
issue the Bonds, in which case, the decision will be final unless appealed to the District Court
within fifteen (15) days thereafter.
By order of the City Council and pursuant to Section 384.25 of the Code of Iowa.
Diane R. Voss
City Clerk
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/l" % NI
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Passed and approved June 24, 2003.
Attest:
City Clerk
Mayor
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DORSEY & WHNNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/I " V. NI
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
1, the undersigned, Clerk of the aforementioned City, do hereby certify that attached
hereto is a true and correct copy of the proceedings of the Council of the City relating to the
fixing of a date for the initiation of the issuance of not to exceed $5,130,000 General Obligation
Corporate Purpose Bonds.
WITNESS MY HAND and the seal of the City hereto affixed this 24th _ day of
June ,2003.
(Seal)
CA
City Clerk
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
no
Ames/419370-New/1' '/� NI
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
1, the undersigned City Clerk, do hereby certify that the aforementioned City is organized
and operating under the provisions of Title IX of the Code of Iowa and not under any special
charter and that such City is operating under the Mayor -Council form of government and that
there is not pending or threatened any question or litigation whatsoever touching the
incorporation of the City, the inclusion of any territory within its limits or the incumbency in
office of any of the officials hereinafter named.
And I do further certify that the following named parties are officials of the City as
indicated:
Ted Tedesco Mayor
Steven L. Schainker Manager
Duane Pitcher Finance Officer
Diane R. Voss , Clerk
Sherry M. Meier -, Treasurer
Russ Cross
Council Member
Steve Goodhue.-. , Council Member
Judie Hoffman
Council Member
Riad Mahayni Council Member
Daryle Vegge , Council Member
Sharon Wir-th , Council Member
And I do further certify that the City has provided for the office of Treasurer, and the
Council has selected the Treasurer aforementioned.
WITNESS MY HAND and the seal of the City hereto affixed this 24th day of
Ti in 1-. 2003.
(Seal)
ity Clerk
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/1"'/i NI
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
I, the undersigned, Clerk of the aforementioned City, do hereby certify that the City
currently has outstanding the following General Obligation indebtedness, of every kind and
nature (excluding the current issue), urban renewal tax increment revenue obligations and local
option sales tax revenue bonds:
$290,000 General Obligation Corporate Purpose Bonds, Series 1994A
Dated January 1, 1994
Due
Principal
Interest Rate Due
Principal Interest Rate
June 1
Amount
Per Annurn June 1
Amount Per Annum
2004
$290,000
4.10%
$2,700,000 General Obligation Corporate Purpose Bonds, Series 1997A
Dated June 1, 1997
Due
Principal
Interest Rate Due
Principal Interest Rate
June 1
Amount
Per Annum June 1
Amount Per Annum
2004
$450,000
4.60% 2007
$450,000 4.60%
2005
$450,000
4.60% 2008
$450,000 4.60%
2006
$450,000
4.60% 2009
$450,000 4.60%
$2,980,000 General Obligation Corporate Purpose Bonds, Series 1998A
Dated June 15, 1998
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June 1
.Amount
Per Annum
June 1
Amount
Per Annum
2004
$430,000
4.20%
2008
$425,000
4.20%
2005
$425,000
4.20%
2009
$425,000
4.25%
2006
$425,000
4.20%
2010
$425,000
4.25%
2007
$425,000
4.20%
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/1" '% NI
SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) — CONT'D.
$615,000 General Obligation Refunding Bonds, Series 1998B
Dated December 1, 1998
Due Principal Interest Rate Due Principal Interest Rate
June 1 Amount Per Annum June 1 Amount Per Annum
2004 $615,000 3,70%
$2,885,000 General Obligation Corporate Purpose Bonds, Series 1999
Dated June 1, 1999
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June 1
Amount
Per Annum
June 1
Amount
Per Annum
2004
$315,000
4%
2008
$365,000
4.35%
2005
$325,000
4.10%
2009
$380,000
4.375%
2006
$340,000
4.15%
2010
$395,000
4.40%
2007
$350,000
4.25%
2011
$415,000
4.45%
$4,695,000 General Obligation Corporate Purpose Bonds, Series 2000
Dated July 1, 2000
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June 1
Amount
Per Annum
June 1
Amount
Per Annum
2004
$425,000
4.75%
2009
$545,000
5.05%
2005
$445,000
4.80%
2010
$570,000
5.10%
2006
$465,000
4.85%
2011
$605,000
5.10%
2007
$490,000
4.95%
2012
$635,000
5.15%
2008
$515,000
5%
$8,550,000 General Obligation Corporate Purpose Bonds, Series 2001A
Dated August 1, 2001
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June 1
Amount
Per Annum
June 1
Amount
Per Annum
2004
$770,000
4%
2009
$870,000
4.20%
2005
$795,000
4%
2010
$875,000
4.30%
2006
$820,000
4%
2011
$900,000
4.40%
2007
$835,000
4%
2012
$905,000
4.60%
2008
$835,000
4.10%
2013
$945,000
4.70%
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/I NI
SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) — CONT'D.
$3,340,000 General Obligation Fire Station and Refunding Bonds, Series 2001B
Dated December 1, 2001
Due Principal Interest Rate Due Principal Interest Rate
June I Amount Per Annurn June 1 Amount Per Annum
2004
$895,000
3.00%
2009
$110,000
3.70%
2005
$485,000
3.00%
2010
$115,000
3.75%
2006
$465,000
3.10%
2011
$120,000
3.85%
2007
$460,000
3.40%
2012
$120,000
4.00%
2008
$445,000
3.60%
2013
$125,000
4.10%
$3,355,000 General Obligation Corporate Purpose Bonds, Series 2002A
Dated May 1, 2002
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June I
Amount
Per Annum
June I
Amount
Per Annum.
2004
$130,000
4.00%
2013
$185,000
4.50%
2005
$135,000
4.00%
2014
$190,000
4,60%
2006
$140,000
4.00%
2015
$200,000
4.70%
2007
$145,000
4.00%
2016
$210,000
4.80%
2008
$150,000
4.00%
2017
$220,000
5.00%
2009
$155,000
4.15%
2018
$230,000
5.00%
2010
$160,000
4.25%
2019
$240,000
5.00%
2011
$170,000
4.25%
2020
$255,000
5.10%
2012
$175,000
4.375%
2021
$265,000
5.125%
$5,405,000 General Obligation Corporate Purpose Bonds, Series 2002B
Dated October 15, 2002
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June I
Amount
Per Annum
June I
Amount
Per Annum
2004
$430,000
2.25%
2010
$500,000
3.15%
2005
$435,000
2.50%
2011
$515,000
3.25%
2006
$445,000
2.50%
2012
$535,000
3.30%
2007
$455,000
2.75%
2013
$555,000
3.45%
2008
$470,000
3.00%
2014
$580,000
3.60%
2009
$485,000
3.00%
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DORSEY & WIITI`NEY LLP, ATTORNEYS, DES MOINES, IOWA
M
Ames/419370-New/1 11'h N1
SCHEDULE A (BOND/LOAN AGREEMENT NOTE DEBT) — CONT'D.
$6,175,000 General Obligation Refunding Bonds, Series 2002C
Dated October 15, 2002
Due
Principal
Interest Rate
Due
Principal
Interest Rate
June 1
Amount
Per Annum
June 1
Amount
Per Annurn
2004
$1,300,000
3.00%
2008
$ 450,000
3.50%
2005
$1,265,000
3.00%
2009
$ 435,000
3.50%
2006
$1,240,000
3.50%
2010
$ 425,000
3.50%
2007
$1,060,000
3.50%
(Please list here or attach a separate maturity schedule for any other
outstanding issues of general obligation bonds and/or loan agreement notes.)
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/419370-New/I ' 1/� N1
SCHEDULE B (OTHER GENERAL OBLIGATIONS)
Type of General Obligation Amount
(Here list any other obligations of the City which extend beyond the end of
the current fiscal year, such as long-term leases, installment sales contracts,
etc. If there are none, please insert the word "none".
SCHEDULE C (URBAN RENEWAL TAX INCREMENT REVENUE OBLIGATIONS)
Name of Issue
Principal Amount
Outstanding
Date
(Please list here or attach a separate maturity schedule for any outstanding
urban renewal tax increment revenue obligations.)
SCHEDULE D (LOCAL OPTION SALES TAX REVENUE BONDS)
Date of Maturity
Issue Amount Date
(List annual principal payments)
(Please list here or attach a separate maturity schedule for any outstanding
local option sales tax revenue obligations.)
WITNESS MY HAND and the seal of the City hereto affixed this J day of
2003.
City Clerk
(Seal)
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MINES, IOWA