HomeMy WebLinkAboutA019 - Report of BidsCity of Ames, Iowa
$6,555,000 General Obligation Corporate Purpose Bonds,
Series 2003
August 12, 2003
OFFICIAL BID FORM
Members of the City Council
City of Ames, Iowa
Sale Date: August 12, 2003
For the principal amount of $6,555,000 General Obligation Corporate Purpose Bonds, Series 2003 of the City of
Am s, Iowa, legally issued and as described in the Official Terms of Offering, we will pay the City
*7 4 (not less than $6,515,670) plus accrued interest on the total principal of $6,555,000
tot e —date �odeliv�ery, provided the Bonds bear the following interest rates:
Interest
Interest
Year
Amount
Rate
Year
Amount
Rate
2004
$550,000
//0%
2010
$545,000
0 %
2005
550,000
J, %
2011
545,000
2006
550,000
7 %
2012
545000
%
2007
545,000
%
2013
545000
0
2008
545,000
%
2014
545,000
%
liz/.
2009
545,000
%
2015
545,000
The Bonds mature on June I in the years and amounts as listed above and interest is payable on June 1, 2004 and
thereafter on June I and December I of each year.
In making this offer, we accept the terms and conditions as defined in the Official Terms of Offering published in
the Official Statement dated August 4, 2001 All blank spaces of this offer are intentional and are not to be
construed as an omission. Our good faith deposit in the amount of $65,550 has been or will be submitted in
accordance with the Official Terms of Offering.
NOT PART OF THIS BID:
Explanatory Note: According to our
computation, this bid involves the following:
7 3
Net Interest Cc(st
%
True Interest Rate
Respectfully submitted,
Harris Trust & Savings Bank
Account Manager
By
(A list of account members is on the reverse side of
this bid.)
The fore ' offer is ccepted by and on behalf of the City of Ames, Iowa, this 12flday of August, 2003.
ed Tedesco, Mayor Diane Voss, City Clerk
TO: City of Ames Council Members and Administration
FROM: David Dirks
PUBLIC FINANCIAL MANA(.,EW.-,N']', INC.
SUBJECT: $6,555,000 General Obligation Corporate Purpose :Bonds,
Series 2003
Today, August 12, 2003, the sealed bids tabulated below were received, opened and
reviewed. The bids reflect and are indicative of the current conditions in the tax-
exempt market.
BIDDERS ADDRESS 0. �Tl R
Harris Trust & Savings Bank
Chicago, IL
3.2382'Yo
with First National Bari1c,
Ames, IA
UMB Bank, N.A.
Kansas City, MO
3.3194%
Morgan Keegan & Company, Inc.
Memphis, 1"N
3.3280'Yo
Legg Mason Wood Walker
Minneapolis, MN
3.3496%
Stephens, Inc.
Little Rock, AR
3.3549%
Griffin Kubik Stephens Thompson
Chicago, IL
3.3585%
Robert W. Baird
Milwaukee, WI
3.3693'Yo
Ciligroup Global Markets, Inc.
Chicago, II.,
33966%
US Bancorp Piper J'affray
Minneapolis, MN
3.4071%
Banc One Capital Markets
Chicago, 11,
3.4840%
WE RECOMMEND AWA"'ro:
Harris Trust & Savings Bank
Thank you.for the opportunity to be of'service to the Cuy ref Ames, Iowa. GVe (ire
available to answer any questions you may have on this or any other issue in the
fixture.
2600 Grand Avenue, SUItO 214
Des Moines, ]A 50312
(515) 243 -2600
(515) 243-6994 (FAX)