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August 15, 2003
The PFM Group
650 Third Avenue, South
Suite 1800
Minneapolis, Minnesota 55402
Attention Chuck Uperaft/Molly Doran
City Clerk's Office
515 Clark Avenue, P. 0. Box 811
Ames, IA 50010
Plione: 515-239-5105
Fax: 515-239-5142
RE: Ames, Iowa
$5,130,000 General Obligation Corporate Purpose Bonds, Series 2003
Your File No. 419370-29
Dear Heather:
Enclosed please find four Official Bid Forms that have been fully executed by the City.
Thank you for your assistance.
Sincerely,
fl
Diane R. Voss
City Clerk
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Enclosures
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
Ames, Iowa, legally issued and as described in the Official Terms of Offering, we will pay the City $6,576,622.00
plus accrued interest on the total principal of $6,555,000 to the date of delivery, provided the Bonds bear the
following interest rates:
Interest
Interest
Year
Amount
Rate
Year
Amount
Rate
2004
$550,000
1.10%
2010
$545,000
3.30%
2005
550,000
2.50%
2011
545,000
3.304o
2006
550,000
2.50%
2012
545,000
3.35%
2007
545,000
2.75%
2013
545,000
3.50%
2008
545,000
3.00%
2014
545,000
3.60%
2009
545,000
3.25%
2015
545,000
3.70%
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, 2003. 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 Terrns of Offering.
NOT PART OF THIS BID:
Explanatory Note: According to our computation,
this bid involves the following:
$1,334,873.63
Net Interest Cost
3.2382%
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 i g offer is ted by and on behalf' of the City of Ames, Iowa, this 12"' day of August, 2003.
or' ed Tedesco, Mayor Diane Voss, City Clerk
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
Ames, Iowa, legally issued and as described in the Official Terms of Offering, we will pay the City $6,576,622.00
plus accrued interest on the total principal of $6,555,000 to the date of delivery, provided the Bonds bear the
following interest rates:
Interest
Interest
Year
Amount
Rate
Year
Amount
Rate
2004
$550,000
1.10%
2010
$545,000
3.30%
2005
550,000
2.50%
2011
545,000
3.30%
2006
550,000
2.50%
2012
545,000
3,35%
2007
545,000
2.75%
2013
545,000
3.50%
2008
545,000
100%
2014
545,000
3.60%
2009
545,000
3.25%
2015
545,000
3.70%
The Bonds mature on June 1 in the years and amounts as listed above and interest is payable on June 1, 2004 and
thereafter on June I and December 1 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, 2003. 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:
$1,334,873.63
Net Interest Cost
3.2382%
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 forego' ieg offer is he accepted by and on behalf of the City of Ames, Iowa, this 12'b day of August, 2003.
Yed Tedesco , —Mayor Diane Voss, City Clerk
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
Arnes, Iowa, legally issued and as described in the Official Terms of Offering, we will pay the City $6,576,622-00
plus accrued interest on the total principal of $6,555,000 to the date of delivery, provided the Bonds bear the
following interest rates:
Interest
Interest
Year
Amount
Rate
Year
Amount
Rate
2004
$550,000
1.10%
2010
$545,000
3.30%
2005
550,000
2.50%
2011
545,000
3.301"
'0
2006
550,000
2.50%
2012
545,000
3.35%
2007
545,000
2.75%
2013
545,000
3.50%
2008
545,000
3.00%
2014
545,000
3.60%
2009
545,000
3,25%
2015
545,000
3,70%
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, 2003. 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 Tenris of Offering.
NOT PART OF THIS BID:
�Explanatory Note: According to our -computation,
this bid involves the following:
$1,334,873.63
Net Interest Cost
3.2382%
True Interest Rate
Respectfully submitted,
Harris Trust & Savings Bank
Account Manager I&I
By
(A list of account members is on the reverse side of
this bid.)
The forego' offer is lie epted by and on behalf of the City of Ames, Iowa, this 12t" day of August, 2003.
ed 4ITedesco, Mayor
Diane Voss, City Clerk
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
Ames, Iowa, legally issued and as described in the Official Terms of Offering, we will pay the City $6,576,622.00
plus accrued interest on the total principal of $6,555,000 to the date of delivery, provided the Bonds bear the
following interest rates:
Interest
Interest
Year
Amount
Rate
Year
Amount
Rate
2004
$550,000
1.10%
2010
$545,000
3.30%
2005
550,000
2.50%
2011
545,000
3.30%
2006
550,000
2.50%
2012
545,000
3.35%
2007
545,000
2.75%
2013
545,000
3.50%
2008
545,000
3.00%
2014
545,000
3.60%
2009
545,000
3.2 5 0/o
2015
545,000
3.70%
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, 2003. 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:
IExplanatory Note: According to our computation,
this bid involves the following:
$1,334,873.63
Net Interest Cost
3.2382%
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 cepted by and on behalf of the City of Ames, Iowa, this 12"' day of August, 2003.
Ted Tede co, Mayor Diane Voss, City Clerk
AWME P [:,M'
AMMMS
rhe PFM Group
N 'A Advl""'I"
August 12, 2003
Mr. Duane Pitcher, Director of Finance
City of Ames
515 Clark Avenue
Ames, Iowa 50010
Re: Official Bid Form
Dear Mr. Pitcher:
Enclosed you will find four copies of each of the Official Bid Form to be signed by Ted
Tedesco, Mayor and Diane Voss, City Clerk. Please return the original, signed copies
to:
dui Public Financial Management, Inc.
Attention: Chuck Uperaft/Molly Doran
650 Third Avenue South, Suite 1800
Minneapolis, MN 55402
The signed bid forms will be required to close the $6,555,000 General Obligation
Corporate Purpose Bonds on September 3, 2003. Please feel free to contact Chuck
Uperaft or myself at (800) 328-8200 if you have any questions or concerns regarding
this material.
Sincerely,
PUBLIC FINANCIAL MANAGEMENT, INC.
V
Heather Casperson
Consultant
Enclosures