HomeMy WebLinkAboutA012 - Letter from Dorsey & Whitney dated September 21, 2006i
September 21, 2006
Diane R. Voss
City Clerk
City Hall
Post Office Box 811
515 Clark Avenue
Ames, Iowa 50010-0811
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Re: $5,285,000 General Obligation Corporate Purpose Bonds, Series 2006A
Our File No. 419370-34
Dear Diane:
We have prepared and enclose the resolution to be adopted at the September 26 Council
meeting in order to authorize the issuance of the 2006A Bonds.
Also enclosed are a certificate attesting the transcript and a certificate of the County
Auditor relating to the filing of a certified copy of the resolution in that office.
A certified copy of the resolution must be filed with the Story County Auditor, and we
have enclosed an extra copy of the resolution for this purpose.
The County Auditor has a mandatory duty to make a levy of taxes to pay principal of and
interest on the 2006A Bonds unless the City's budget each year affirmatively shows that the tax
should not be levied because other funds will be applied to the payment of the 2006A Bonds for
that budget year. To the extent the City determines that property tax levies will be needed for
payment in any year, the tax levy amounts needed must be certified for that year in the City's
budget as part of the debt service fund, and the funds derived from Sources other than taxes must
be shown on the appropriate budget document.
As these proceedings are completed, please return one fully executed copy to our office.
Finally, we are enclosing three copies of the Continuing Disclosure Certificate for you
and the Mayor to sign, after which two executed copies should be returned to us.
UOIh M-Y & WI I I PN I, Y III' - A I IMP V V , Al AVv I "coo - 'r L�-) ir)(,)(i
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Page 2
Please contact Jeane Harrison or me if you haye-apy questions.
Vey truly
. Josten
REJ
Ames/419370-34/2"' 'lx (3131
Enclosures
cc: Steven Schahiker
Duane Pitcher
Roger Wisecup
Tionna Pooler
Doug Marek
E) 0 R S EY
)ON"A Y & WI H I W Y I III