HomeMy WebLinkAboutA007 - Email from Finance dated March 16, 2009 ;• Duane R Pitcher/COA To Steve Schainker/COA@COA, Diane R Voss/COA@COA
03/16/2009 11:43 AM cc Roger Wisecup/COA@COA, Carol B Collings/COA@COA,
Sue RyboIUCOA@COA, Sheila K LUndt/COA@COA
V bcc
Subject G.O. Bond Refunding Issue
We held the rating call for the upcoming refunding issue this A.M. We are on track for sale of the bonds
on March 24. 1 will still be out of town and Roger will be the primary point of contact relating to the sale
going forward. The council action form is already completed, Roger and Tiona from PFM will report
results of the sale at the council meeting. We still expect to realize the planned savings, but if for some
reason the market deteriorates we can pull the plug and reject all bids and only be out a few thousand in
fees, since this is a current refunding there are no escrow costs. I don't anticipate this happening since
the sale is only a week away.
Thanks,
Duane
Duane Pitcher, CPA, CPFO
Director of Finance
City of Ames
515 Clark Avenue
P.O. Box 811
Ames, Iowa 50010
Phone (515) 239-5114