HomeMy WebLinkAboutA008 - Proposed Time Schedule^
2600urand Avenue 515-243-2600
sunecm 515-243-6994mm
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PROPOSEDl0ME SCHEDULE
CITY OF AMESiIOWA
$11,165,000 General Obligation Bonds, Series 2009B
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Date
Task
Description
Responsibility
July -Sept
Document Preparation
0
Prepare sale details
FA
0
Prepare official statement
F«
°
Prepare resolutions
8C
°
Review draft documents
[, B[' FA
Aug
Issuance Details
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Discuss BA8 option with staff and Council
C. BC
Aug 11
Council Meeting
w
Set Public Hearing for August 25
C' 8C
Aug 25
Council Meeting
°
Hold Public Hearing' Set Sale Date for September 2� o\
Week ofSept 7
K400dy'sPresentation
0
Credit presentation conference call
['FA
(TimeTUD)
Sect 8
Council Meeting
w
Approval (via resolution) ofsubstantially complete
[. BC
POS
Sept 14
Official Statement
0
Distribute OSfor printing
FA, [ BC
Sept 16
Market Bonds
w
Receive rating
RA
°
Market Notes
FA
°
Call Potential bidders (near sale date)
FA
0
Monitor market conditions
FA
Sept 22/
Bond Sale 11AKx
°
Take bids and check for accuracy
[A
0
Prepare sale analysis
FA
Council Kxeeting7:0u
0
Award bonds
[ 8C
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Date Task Description Responsibility_
Sept 22-Oct 12 Legal Docs 0 Complete authorizing resolution BC
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Oct 14-28
OctJ9
Council Meeting * Council adopts Resolutions C'B[
Closing Preparations 0 Prepare closing documents BC
� Confirm closing date and funds transfer FA
� Closing letter toall parties FA
Bond Closing Purchaser pays for the Bonds [, BC, FA
Financing Team Members:
C=City ofAmes, Iowa
B[= Dorsey & Whitney (bond counsel)
FA=Public Financial Management, Inc. (financial advisor)
RA=yWoody'sInvestors Service (rating agency)