HomeMy WebLinkAboutA063 - Proposed Time Schedule for bond issuance from The PFM Group 2600emnd Avenue 515-243-2600
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Des Moines,/A www.pfm.mm .
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Group
The - - _�_ PROPOSEDl[I00E SCHEDULE
CITY OF ARNES, IOWA
$G,67S,OOO* General Obligation Corporate Purpose Bonds,Series 2O110
Date Task Description Responsibility
Aug-Nov Document Preparation 0 Prepare sale details/refunding analysis FA
° Prepare official statement
° Prepare bond resolution BC
° Review draft documents [' BC, FA
(Hearings previously held in conjunction with pre-levy resolution)
Sept27 Council Meeting * Set Sale Date for October Z5 C' 8C
° Council approves pOS (D
0mt13'l4 Rating Presentation ° Targeted time frame for presentation,TBD C' FA
Octl4 Official Statement ° Final Comments Due for OS ['8C
Oct18 Official Statement * Distribute POS for posting FA
Oct2U'24 Ratings released ° Rating report released
Market Bonds ° Call Potential bidders(near sale date) FA
° Monitor market conditions
COct 25 Bond Sale 11:ODAyW 0 Take 6i6accuracy FA
are ale ana llysis FA
Council Meeting
Nov Council Meeting * Council Adopts final issuance resolution C,BC
Nov 9—l8 Closing Preparations ° Prepare closing documents B[
* Confirm closing date and funds transfer FA
° Closing letter to all parties FA
Nov21 Closing ° Purchaser pays for the Bonds [' BC, FA
*Subject tochange