HomeMy WebLinkAboutA011 - Sale Details dated August 12, 2008SALE DETAILS
DATE: August 12 2008
ISSUER: Arne" low :z.�.
BOND NAME: _ 8,355,0 00 General Obli tion Bands
Series 2008A
BONI) ATTORNEY: -- Dorsey_8c:
Individual: Robert Josten
Sale Date: September 23, 2008
Closing Date: October 15, 2008--------------------------_______._
Place: City Hall
Bid Opening;: — _l-1:00 AM C"I,(FAXED & SEALED &
Bid Award: 7:00 PM CT
Bonds Dated: October 15 200
Maturity: June 1, as follows:
2009 375,000
2015 710,000
2010 610,000
201E 745,000
2011 625,000
2017 775,000
2012 645,000
2018 800,000
2013 665,000
2019 840,000
2014 690,000
2020 875,000
First Interest: June 1, 2009 and semiannually thereafter. Interest will be comported on the basis of
360-day year of twelve 30-day months
and will be rounded pursuant to rules of the
MSRB.
Record Date: Close of business on the 15th day (whether
or not a business (lay) of the immediately
preceding month.
Cusrp Numbers: 'file Issuer will assume no obligation for the assigni-rent or printing oil' C."USIP
numbers oil the Bonds or for the correctness of any numbers printed thereon, but will
penult such numbers to be printed at the expense of the purchaser, if the purchaser
waives any delay in delivery occasioned thereby.
Call Feature: Bonds due after .June 1, 201 f will be subject to call for prior redemption on said date
or on any day thereafter upon terms of par plus accrued interest to date of call.
11FAIIII'LICABLE:
Award: The Bonds will be awarded to the bidder offering the lowest true interest rate to be
determined on a true interest cost basis (TIC). The Issuer's computation of the true
interest cost of each bid, in accordance With Customary practice, shall be COnClUSiVC.
Interest Rates: Each annual maturity must bear the same interest rate. Rates of interest bid must be
in multiples of one -eighth or one -twentieth of one percent. Each rate of interest
specified for Bonds of any annual maturity shall not be less than a rate of' interest
specified for any earlier maturity.
4 of` F"final OS
for Purchaser: 40
Mininrurn Bid: $8,300,700
Sure Bid: Yes x No
Good Faith: $83,550 (1%)
Registrar/
flaying Agent: Ames City 'Treasurer
Book Entry Only: This offering will be issued as fully registered Bonds and, when Issued, will be
registered in the name of Cede & Co., as nominee of The Depository TI-LISt Company,
New York, New York.
Financial Advisor: Public Financial Management, Des Moines Office
Individual: 'Gonna Pooler, Senior Managing Consultant
Notes: The Bonds are designated as qualified tax-exempt obligations.