HomeMy WebLinkAboutA008 - Email from PFM Group dated March 19, 2009 - correcting resolution Tionna Pooler To "'Josten, Robert"'<Josten.Robert@dorsey.com>,
{ <poolert@pfm.com> "dvoss@city.ames.ia.us"<dvoss@city.ames.ia.us>,
03/19/2009 02:58 PM "dpitcher@city.ames.ia.us"<d pitch er@city.ames.ia.us>
cc
bcc
Subject RE:Corrected resolution, showing City Treasurer as agent
for calling outstanding bonds
Indeed I am complicit in this little mishap. Thanks for correcting it so quickly.
From: Josten, Robert [mailto:Josten.Robert@dorsey.com]
Sent: Thursday, March 19, 2009 2:54 PM
To: dvoss@city.ames.ia.us; dpitcher@city.ames.ia.us
Cc: Tionna Pooler
Subject: Corrected resolution, showing City Treasurer as agent for calling outstanding bonds
Attached to this email is the corrected resolution for use next Tuesday, authorizing Duane, as City
Treasurer, to take all necessary action to call the outstanding bonds that are being refunded. A correct
original copy has been sent to Diane by regular mail.
DUANE: all of the bonds that are being called are currently held by Depository Trust Company, in their
street name "Cede & Co." Accordingly, all that is necessary is one notice, in the form of an email, to DTC,
and they will take care of notifying individual bond holders. I will prepare that form of email notice and
send it to you by separate email later today, so you can use it for the first call notice on March 25.
<<2nd Half Hrg & Sale (Ames#40)-v1.doc>>
Robert E.Josten
Partner
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DORSEY & WHITNEY LLP
801 Grand Suite 3900
Des Moines, IA 50309-2790
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------------------
"Josten, Robert" To "Diane R Voss"<DVoss@city.ames.ia.us>
<Josten.Robert@dorsey.com
> cc
03/19/2009 04:46 PM bcc
Subject RE: Further CORRECTED RESOLUTION
I am truly sorry for all the confusion. I started off confused, and
have finally worked it out. There is only one resolution for next week.
The form is the last one I emailed to you, which shows City Treasurer as
the person in charge of giving notice that outstanding bonds are being
prepaid, and which shows the first call date of April 28 and the second
call date of June 1.
The title of the resolution has not changed in all my versions. It is
"Resolution taking additional action to enter into Loan Agreement and
awarding General Obligation Refunding Bonds, Series 2009A. "
For your next Council meeting, on April 14, I will send another
resolution, which will have the details of the Bond issuance, including
maturity schedule and interest rates.
-----Original Message-----
From: Diane R Voss [mailto:DVoss@city.ames.ia.us]
Sent: Thursday, March 19, 2009 4 :22 PM
To: Josten, Robert
Subject: Re: Further CORRECTED RESOLUTION
I am a bit confused. Are there now two Resolutions?
Please tell me exactly what item(s) should be listed on the Agenda.
Thank you.
Diane Voss, City Clerk/Records Manager
P. O. Box 811
Ames, Iowa 50010
(515) 239-5105