HomeMy WebLinkAboutA020 - Letter to Dorsey & Whitney dated August 11, 2010Caring People 'I
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Eweptional Service
August 1. 1, 2010
Dorsey & Whitney LLP
801 Grand, Suite 3900
Des Moines, Iowa 50309
Attention Robert E. Josten
RE: Ames, Iowa
General Obligation Corporate Purpose Bonds, Series 201 OA
Your File No. 419370-43
515 Clark Avenue, P. 0. Box 811
Ames, IA 50010
Phone: 515-239-5105
Fax: 515-239-5142
Enclosed please find the proceedings from our August 1. 0, 2010, meeting wherein the Council set
the date for the sale of the above -referenced Bonds and authorized the use of a Preliminary Official
Statement in connection with that sale.
Thank you for your assistance.
Sincerely,
Diane R. Voss
City Clerk
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Enclosure
Ames/4T9370-43/2nd 2 Set Sale & Auth POS
RESOLUTION TO SET SALE DATE FOR
BONDS AND APPROVE OFFICIAL
Please Return TO:
STATEMENT
DORSEY & WHITNEY
ATTORNEYS AT LAW
419370-43
801 Grand) Suite 3900
Des Moines,
JOWa 50309
Ames, Iowa
August 10, 2010
The City Council of the City of Ames, Iowa, met on August 10, 2010, at _7.*00
o'clock p.m. at the City Council Chambers , Ames, Iowa. The meeting was called to order
by the Mayor, and the roll being called, the following named Council Members were present and
absent:
N-W,TIK �*C i QF.0ft1kTA11%W=— I P.M
Absent: None
After due consideration and discussion, Council Member Mahayni introduced the
following resolution and moved its adoption, seconded by Council Member Davis
The Mayor put the question upon the adoption of said resolution, and the roll being called, the
following Council Members voted:
Nays:
Whereupon, the Mayor declared the resolution duly adopted, as hereinafter set out.
At the conclusion of the meeting and, upon motion and vote, the Council adjourned.
Att st:
City Clerk
, /
Mayor
AjR rEYS. DES MOINES, 10W*
Aines/4 i 9370-43/2 nd V2 Set Sale & Auth POS
RESOLUTION NO. 10-363
Resolution setting the date for the sale of Bonds and authorizing the use of an official
statement
WHEREAS, pursuant to notice of the proposed action of the City Council of Arnes, Iowa
(the "City") to institute proceedings to enter into loan agreements in a total amount not to exceed
$6,690,000, for the purposes of paying the cost, to that extent, of constructing improvements to
streets, bridges and the City Hall and for the acquisition of fire equipment (the "Projects")
heretofore given in strict compliance with the provisions of Chapter 384 of the Code of Iowa and
hearings held thereon, the Council has previously taken additional action to authorize a single
loan agreement (the "Loan Agreement") and to authorize the issuance of General Obligation
Corporate Purpose Bonds in an amount not to exceed $6,690,000 (the "Bonds"); and
WHEREAS, it is necessary at this time to provide for the sale of the Bonds to be issued
in evidence of the obligation of the City under the Loan Agreement;
NOW, THEREFORE, It Is Resolved by the City Council of the City of Ames, Iowa, as
follows:
Section 1. Sealed bids for the purchase of the Bonds shall be received, canvassed and
presented to the City Council on August 24, 2010.
Section 2. The City Clerk is hereby authorized to take such action as shall be deemed
necessary and appropriate with the assistance of Public Financial Management, Inc. ("PFM") to
prepare an official statement (the "Official Statement") describing the Bonds and providing for
the terms and conditions of their sale, and all action heretofore taken in this regard is hereby
ratified and approved.
Section 3. The use by PFM of a Preliminary Official Statement relating to the Bonds,
in substantially the form as has been presented to and considered by the City Council, is hereby
approved, and PFM is hereby authorized to prepare and use a final Official Statement for the
Bonds substantially in the form of the Preliminary Official Statement, but with such changes
therein as are required to conform the same to the terms of the Bonds and the resolution, when
adopted, providing for the sale and issuance of the Bonds, and the City Clerk is hereby
authorized and directed to execute a final Official Statement for the Bonds, if requested. The
Preliminary Official Statement as of its date is deemed final by the City within the meaning of
Rule 15(c)(2)-12 of the Securities and Exchange Commission.
Section 4. All resolutions or parts thereof in conflict herewith are hereby repealed to
the extent of such conflict.
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
AinesAfD370-43/2nd �/,. Set Sale & Auth POS
Passed and approved August 10, 2010.
Attest:
City Clerk
Mayor
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA
Ames/411370-43/2nd 1/2 Set Sale & Auth POS
STATE OF IOWA
COUNTY OF STORY SS:
CITY OF AMES
1, the undersigned, City Clerk of the City of Ames, do hereby certify that attached hereto
is a true and correct copy of the proceedings of the City Council of the City relating to fixing a
date for the sale of General Obligation Corporate Purpose Bonds, and the approval of an official
statement for the issuance of the Bonds, as referred to herein.
WITNESS W HAND this /0 day of August, 2010.
C
City Clerk
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DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA