HomeMy WebLinkAboutA014 - Time Schedule2600 Grand Avenue
,wm7w- Suite 214
AUMOM
AWMW�101 Des Moines, IA
AVAOMNIN 50312
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TIME SCHEDULE
CITY OF AMES, IOWA
$8,355,000 General Obligation Bonds, Series 2008A
Aug-08
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Sep-08
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28 29 30
Oct-08
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515-243-2600
515-243-6994 fax
www. pfrn. corn
Date Task Description ResponsibiW
August -November Document Preparation - Prepare sale details /refunding analysis FA
• Prepare official statement
• Prepare bond resolution BC
• Review draft documents C, BC, FA
(Hearings previously held in conjunction with pre -levy resolution and aquatic center referendum)
August 26
Sept I
Sept 8-9
Sept 8
Sept 11
Sept 15
Sept 17-18
Council Meeting 0 Set Sale Date for Sep 23
LABOR DAY HOLIDAY
Rating Presentation Targeted time frame for presentation,
TBD
05 Review « Distribute near final 05 to City and
Council for Review
Official Statement 0 Final Comments Due for 05
Official Statement * Distribute 05 for printing
Ratings released 0 Rating report released
C, BC(J
C, FA
FA
C'BC
FA
Sept 18-22 Market Bonds 0 Call Potential bidders (near sale date) FA
* Monitor market conditions FA
Thc PFM Gr(mil)
Aug-08
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M
T W T F
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2
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4
5 6 7 8
9
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11
12 'B 14 15
16
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30
30
31
Se p-08
S M T W T F S
7 8 9 T) 11 12 13
14 15 16 V 18 19 2 0
21 22 23 24 25 26 27
28 29 30
Oct-08 I
S M T W T F S1
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Date Task Description Responsibility
Sept 23 Bond Sale 11:00 AM * Take bids and check for accuracy FA
0 Prepare sale analysis FA
0 Complete authorizing resolution FA, BC
Sept 23 Council Meeting 0 Council awards sale
Council Meeting 0 Council Adopts final resolution C, Bc(',�
Sept 23 -Oct 14 Closing Preparations 0 Prepare closing documents BC
0 Confirm closing date and funds transfer FA
0 Closing letter to all parties FA
Oct 15 Closing 0 Purchaser pays for the Bonds C, BC, FA
Financing Team Members:
C = City of Ames
BC = Dorsey & Whitney (bond counsel)
FA = Public Financial Management, Inc. (financial advisor)
RA = Moody's Investors Service (rating agency)