HomeMy WebLinkAboutA017 - Proof of publication dated September 9, 2008#61053
NOTICE OF SALE
City of Arnes, lovm $8,355,0(�n General
Obligation Corporate Purpose 13orws,
Series 2008A
Bids will be received on behalf of the City
of Ames, lOVVa, until 11:00 O'clock a.m. orr
September 23, 2008, for the purchase of
$8,355,000 General Obligation Corporate
Purpose Bonds, Series 2008A, of the City.
Any of the methods set forth below may be
used, but no operr bids will be accepte&
Sealed Bidding: Sealed bids will he
received at City Hall, 515 Clark Avenue,
Ames, Iowa.
Electronic Internet Bidding: Electronic
internet bids will be received at City Hall,
515 Clark Avenue, Arnes, Iowa, and must
be submitted through PARI IY&
Electronic Facsimile Bidding: Electronic
facsimile bids will be received at City Mall,
515 Clark Avenue, Ames, Iowa, and will be
sealed and treated as sealed bids,
Proof Of Publication in
After the deadline for receipt of bids fras
THE TRIBUNE
passed, sealed bids will be opened and
announced, and electronic internet bids
will be accessed and annouw.�ed. All bids
will be presented to the City Council for
STATE OF IOWA, STORY COUNTY,ss.
consideration at its meeting to be held at
7:00 o'clock p.m, or, September 23, 2008„
1, David Kraemer, on oath depose
at the City Hall, Ames, k.rvrj, Or vvinch time
and say that I am editor,
the Bonds will be Said to the best bidder for
of THE AMES TRIBUNE, a daily newspaper, printed
cam).
The Bonita will be issued as frilly rcgis.
at Ames, Story County, Iowa; that the annexed
tefed bonds in denominations of $5,000 or
printed
any integral mullipte thereof, will be dared
October 15, 2008, WHI bear interest
payable semiannually on each June 1 and
CITY OF AMES - NOTICE OF BOND HEARING
December I to inaturity, commencing
June 1, 2009, and wit inatrueon June I in
the following year% and amounts:
y2ff Eanstitial XMI, eunpiew
was published in said newspaper for 1
Amauld Am.wat
2009 $375,000 2015 $710,000
2010 $610,000
consecutive week/day (s) September 9, 2008
2016 $745,000
2011 $625,000 2017 $775lsio
and the last of said publication was on the
2012 $645,000 2018 $800,000
9th day of September, 2008.
2013 $m)5,000 2019 $840,000
2014 $690,000
2020 $875,000
The fight is reserved to the (,',fly it) call arid
redeem all of the Bonds maturing in the
years 20,17 to 2020, inclusive, in whole of
coww"SionmWWW110211
CWWAftim E*ft
in part, in one or rnore uurtr„ Of $5,000, on
June 1, 2016, or of, any date thereafter
MW25,,2010
Prior to and in any order of malurity (arid
within a instantly by loh, upon fenris of par
and accrued interest,
Bidders roust specify a price of not loss
lots
than $8,300,700, plus accrued intere q
The legal opinion of Dorsey & Mlituoy
t1P, Attorneys, Des Moines, Iovr,1, will be
furnished by the City.
A good faith deposit of $83,550 is required
and may be forfeited to the City in the
event the successful bidder
fails or refuses
to take and Pay for the Bonds,
The City reserves fire right to reject airy or
all bids and to waive irregularities in ally
bud.
The Bonds are being issued pursuant to
Notary Public
the provisions of I)ivision III Of Chapter 384
sworn to before me and subscribed in my
of the Code Of Iowa and will constitute
presence by David Kraemer
general obligations of the City, payable
this the 9th day of September, 2008,
from taxes levied upon all the taxable
properly in the City without limitation as to
FEES: $53.15
rate or amount,
Tire SeCLuffies and Exchange Commission
NO. 51053
(the "SEC") has promulgated certain
AMES14
anienchirrents to Rule 15c,2-12 under, the
I" R I B I f N t_ , A. m f:, s , 1 0 W A
E,err
Securities Exchange Act of 1934 (17
C,FR, § 240.1502-12) (the "Rule") that
make it unlawful for an underwriter to par-
ticipate in the primary offering of municipal
securities in a Principal arnount of
$1,000,000 or inure unless, before subrnrt.•
frog a bid or entering into a purchase con-,
tract far such securities, it has reasonably
detoiralined that the issuer or an obligated
person has undertaken in writing for are
benefit of the holders of such sectuffies to
provide certain disclosure informahon to
proscribed information repositories a" a
continuing basis so long as such securfries
are outstanding
Off the date of issuance and delivery of the
Bonds, the City vvill execute and deliver a
Continuing Disclosure Certificate pursuant
t<a wfirch tile City will undertake to cornply
with the Rote rfre City will covenant arid
agree to comply with and carry out the Pro-
visions of the Continuing Disclosure
Certificate, Alt of the officers of the City
will be authorized and directed to hike any
and all actions as r"ay be necessary to
comply with the Rule and the Continuing
Disclosure Certificate.
Bidders should be aware that the official
terms, (if offering to be published in the
Official Statement for the Bonds contain
addifional bidding terms and inforniation
relative to the Bonds
In the event of a variance between state -
merits in this Notice of Sale (except with
respect to the fihna and place of the sale of
the Bonds and the principal ainount
offered for sale) and said official terms of
offering, the provisions ol the latter shall
control.
By order of the Cry Council of Arries, lam.
Diane R. Vosro.-,fty Clark
Published 'the Tribune September 9,
200&