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Home My WebLink AboutA068 - Bond Summary PARl'1 Y Result Screen Page I of 1 11 MA1 a.m. CDST Upcoming Calendar Overview I Compare Summary Bid Results Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B The following bids were submitted using PARITY®and displayed ranked by lowest TIC. Click on the name of each bidder to see the respective bids. Bid Award` Bidder Name TIC / r FTN Financial Capital Markets 1.912883 F UMB Bank N.A. 1.962240 F IMor-gan Keegan & Co., Inc. 2.016594 F Robert W. Baird &Co., Inc. 2.089074 r Raymond James&Associates, Inc. 2.095107 f r BM Capital Markets 2.098640 r Janney_Montgomery Scott LLC 2.106118 r Hutchinson, Shocker, Erley & Co. 2.161932 `z C- INorthland Securities, Inc. 2.174472 • Piper Jaffray 2.185834 ✓ f D.A. Davidson & Co. 2.190681 F- BOSC, Inc 2.213928 ✓ r lFirstSouthwest i2.2599051p/ "Awarding the Bonds to a specific bidder will provide you with the Reoffering Prices and Yields. https;//www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 I. V1 V1 - V1 - - - Vt V1 h Vl h O O O O O 1 C N O N N G ry a N N N N — N N N N N N - h N N N N N Vt h N h S O Q S O N N N rl ••• ^ •.•• — ^ •- — — m Z V1 Vt b M r/i O h M M m 00 OO m M m 00 M M M M �O �O m tl0 O O M1 oQ G O h O 141 lO lO Q Q (V N m m � a a0 m r''t1 fJ N V1 N Vl v fV N P M 1 Q b M1 b ('� Vt M1 Vl h Q m Q OD M P N tn h vl h V1 V1 V1 V, vl �D 'O �O 10 h 10 o a � o M ^ N G M 'l M M M M M O O O p Vl h 0 O O O O N N h a - 0 Cl 0 0 0 0 0 C. 0 0 0 0 0 C O O ,Z Q •+ h `o Q P N N ^ - P O N N N N ti y O R `O •-• - `O �O ^ �D r0 - �- obo v1 V1 P O N N H m � W O_ - V'1 O [' h �O v1 Vl Vl vt Vt �D �O `O `O b b M1 N R h �r lc� Ll. U 1 h P 0 0 Cl O O O O P O G O O e R O r m 0 0 0 0 0 6 o 0 0 0 C? 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Gd ^ W N 4D N �O N 1O N �O fV •O N �O N �O N �O N U � 4r YAKi i Y ilia corm rage 1 of L Upcoming Calendar Overview I Result Excel FTN Financial Capital Markets - Memphis , TN's Bid ; ( ' Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,660,049.90, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon % 06101/2012 570M 1.0000 06/01/2013 505M 1.0000 06/01/2014 510M 1.0000 06/01/2015 520M 1.0000 06/01/2016 525M 1.2000 06/01/2017 535M 1.3500 06/01/2018 545M 1.5000 06/01/2019 560M 1.8000 06/01/2020 575M 2.0000 06/01/2021 590M 2.2000 06/01/2022 610M 2.3000 06/01/2023 630M 2.4000 Total Interest Cost: $785.172.69 Discount: $14,950.10 Net Interest Cost: $800,122.79 TIC: 1.912883 Time Last Bid Received On:10/25/2011 10:57:30 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: FTN Financial Capital Markets, Memphis ,TN Contact: Henry Herren Title: Telephone:901-435-8006 Fax: 901-537-7745 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 rAm i Y rceuiiering Page 1 of 1 Resuit FTN Financial Capital Markets's Reoffering Scale Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B Maturity Date Amount$ Coupon%Yield% Dollar Price Call Date 06/01/2012 570M 1.0000 0.2500 100.407 06/01/2013 505M 1.0000 0.4500 100.845 06/01/2014 510M 1.0000 0.6500 100.881 06/01/2015 520M 1.0000 0.9000 100.347 06/01/2016 525M 1.2000 1.2000 100.000 06/01/2017 535M 1.3500 1.3500 100.000 06/01/2018 545M 1.5000 1.5000 100,000 06/01/2019 560M 1.8000 1.8000 100.000 06/01/2020 575M 2.0000 2.0000 100.000 06/01/2021 590M 2.2000 2.2000 100.000 06/01/2022 610M 2.3000 2.3000 100.000 06/01/2023 1 630M 1 2.4000 12.40001 100.000 Accrued Interest: $0.00 Gross Production: $6,687,884.65 https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YHKl l Y bia norm rage ! of 2 Upcoming Calendar Overview I Result I Excel ww UMB Bank N.A. - Kansas City , MO's Bid '.Z AW Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,636,952.50, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 1.0000 06/01/2013 505M 1.0000 06/01/2014 510M 1.0000 06/01/2015 520M 1.0000 06/01/2016 525M 1.0500 06/01/2017 535M 1.3000 06/01/2018 545M 1.5500 06/01/2019 560M 1.7500 06/01/2020 575M 1.9500 06/01/2021 590M 2.2000 06/01/2022 610M 2.3000 06/01/2023 630M 2.4500 Total Interest Cost: $780,961,69 Discount: $38,047.50 Net Interest Cost: $819,009.19 TIC: 1.962240 Time Last Bid Received On:10/25/2011 10:39:18 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: LIMB Bank N.A., Kansas City , MO Contact: Kristin Koziol Title: VP Telephone:816-860-7223 Fax: 816-843-4325 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https:.'www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YAFJ 1 Y tied corm Page 1 of 2 Upcoming Calendar ( Overview I Result I Excel i Morgan Keegan & Co., Inc. - Memphis , TN s Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,745,058.22, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 1.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.1250 06/01/2021 590M 2.2500 06/01/2022 610M 2.5000 06/01/2023 630M 2.5000 Total Interest Cost: $918,124.93 Premium: $70,058.22 Net Interest Cost: $848,066.71 TIC: 2.016594 Time Last Bid Received On:10/25/2011 10:59:24 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Morgan Keegan & Co., Inc., Memphis , TN Contact: Randall Hawkins Title: AVID Telephone:901-578-4720 Fax: 901-579-4429 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page--parity... 10/25/2011 YAFd t Y bicl Norm Yage I of 2 Upcoming Calendar Overview I Result Excel Robert W. Baird & Co., Inc. - Milwaukee , WI's Bid , ; ;�� "• Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,732,228.25, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.3500 06/01/2022 610M 2.4500 06/01/2023 630M j 2.6000 Total Interest Cost: $934,601.22 Premium: $57,228.25 Net Interest Cost: $877,372.97 TIC: 2.089074 Time Last Bid Received On:10/25/2011 10:38:47 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Robert W. Baird &Co., Inc., Milwaukee ,WI Contact: Drew Kanyer Title: Telephone:414-765-7331 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page -parity... 10/25/2011 rAK1 t Y bict corm rage t of 1 Upcoming Calendar I Overview I Result I Excel Raymond James & Associates, Inc. - Memphis , TN's Bid ,: !�RQ'1F'W- Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,710,734.00, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.1250 06/01/2021 590M 2.2500 06/01/2022 610M 2.3750 06/01/2023 630M 2.5000 Total Interest Cost: $913,188.12 Premium: $35.734.00 Net Interest Cost: $877,454.12 TIC: 2.095107 Time Last Bid Received On:10/25/2011 10:04:39 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Raymond James&Associates, Inc., Memphis ,TN Contact: Tony Marcone Title: Municipal Underwrite Teleph one:901-752-6109 Fax: 901-752-8200 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: hops:: `www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YAKl 1 Y tied Norm Nage I of 2 Upcoming Calendar Overview L Result Excel BMO Capital Markets - Chicago , IL's Bid ; i ;�RIVI Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,736,539.65, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2500 06/01/2021 590M 2.3750 06/01/2022 610M 2.5000 06/01/2023 630M 2.6250 Total Interest Cost: $943,499.86 Premium: $61,539.65 Net Interest Cost: $881,960.21 TIC: 2.098640 Time Last Bid Received On:10/25/2011 10:57:31 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: BMO Capital Markets, Chicago, IL Contact: Ed Baker Title: Director Telephone:312-845-5057 Fax: issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame—content&page=parity... 10/25/2011 YAKI 1 Y tsia corm Yage t Of 2 Upcoming Calendar Overview I Result I Excel Janney Montgomery Scott LLC - Philadelphia , PA's Bid ! >��j $' Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000,00,we will pay you$6,722,800.30, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/0112015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.3000 06/01/2022 610M 2,5000 06/01/2023 630M 2.5500 Total Interest Cost: $931,365.17 Premium: $47,800.30 Net Interest Cost: $883,564.87 TIC: 2.106118 Time Last Bid Received OnA0/25/2011 10:53:29 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Janney Montgomery Scott LLC, Philadelphia, PA Contact: Lauren Carter Title: Teiephone:215-665-6521 Fax: 215-557-8648 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 rAM t Y bIG corm Fage I ot'2 Upcoming Calendar I Overview I Result I Excel Hutchinson, Shockey, Erley & Co. - Chicago , IL's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,750,754.45, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.5000 06/01/2020 575M 2.5000 06/01/2021 590M 2.5000 06/01/2022 610M 2.5000 06/01/2023 630M 2.6500 Total Interest Cost: $985,764.22 Premium: $75,754,45 Net Interest Cost: $910,009.77 TIC: 2.161932 Time Last Bid Received On:10/2512011 10:51:34 COST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Hutchinson, Shockey, Erley& Co., Chicago, IL Contact: Jim VanMetre Title: Telephone:312-443-1550 Fax: 312-443-7225 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: littps://www.newi ssuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 rr-hel l Y MG r orm rage 1 or L Upcoming Calendar I Overview I Result Excel Northland Securities, Inc. - Minneapolis , MN's Bid ,-=� A'; jIF Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,704,909.50, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.4000 06/01/2022 610M 2.5000 06/01/2023 630M 2.6000 Total Interest Cost: $940,632.89 Premium: $29,909.50 Net Interest Cost: $910,723.39 TIC: 2.174472 Time Last Bid Received On:10/25/2011 10:55:36 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Northland Securities, Inc., Minneapolis, MN Contact: Cynthia Litke Title: Telephone:612-851-5940 Fax: 612-851-5941 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https:/'www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 r�ru t Y rsia rorm rage i ui z Upcoming Calendar Overview l Result I Excel Piper Jaffray - Kansas City , MO's Bidh8J ' Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,710,514.50, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.1250 06/01/2019 560M 2.1250 06/01/2020 575M 2.2500 06/01/2021 590M 2.3750 06/01/2022 610M 2.5000 06/01/2023 630M 2.6000 Total Interest Cost: $951,421.13 Premium: $35,514.50 Net Interest Cost: $915,906.63 TIC: 2.185834 Time Last Bid Received On:10/25/2011 10:59:52 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Piper Jaffray, Kansas City , MO Contact: Joyce Chaney Title: Managing Director Telephone:913-345-3360 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity asp/main.asp?frame—content&page=parity... 10/25/2011 L 111v 11 LMU 1"Vlllt ragC l Vl G Upcoming Calendar ` Overview ' Result! Excel D.A. Davidson & Co. - Denver , CO's Bid ;; A 'Y` Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,710,205.25, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 610M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2500 06/01/2021 590M 2.4000 06/01/2022 610M 2.5500 06/01/2023 630M 2.7000 Total Interest Cost: $953,578.47 Premium: $35,205.25 Net Interest Cost: $918,373.22 TIC: 2.190681 Time Last Bid Received On:10/25/2011 10:45:16 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: D.A. Davidson &Co., Denver, CO Contact: Amy Kohrs Title: Telephone:303-764-6013 Fax: 303-764-6003 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuchome.i-deal.com/Parity/asp/main.asp?frame=content&page-parity... 10/25/2011 rAm i Y Diu rurm rage f oI 2 Upcoming Calendar Overview I Result I Excel BOSC, Inc - Menomonee Falls , WI's Bid =; '! �� - Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,909,401.20, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 3.0000 06/01/2018 545M 3.0000 06/01/2019 560M 3.0000 06/01/2020 575M 3.0000 06/01/2021 590M 3.0000 06/01/2022 610M 3.0000 06/01/2023 630M 3.0000 Total Interest Cost: $1,182,556.11 Premium: $234,401.20 Net Interest Cost: $948,154.91 TIC: 2,213928 Time Last Bid Received On:10/25/2011 10:56:55 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: BOSC, Inc, Menomonee Falls , WI Contact: Allen Mattson Title: Telephone:262-509-6935 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame—content&page=parity... 10/25/2011 rt11t1 1 I Dlu rU1111 rage 1 U1 L Upcoming Calendar Overview ! Result I Excel FirstSouthwest - Dallas , TX's Bid � 1= Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,829,371.80, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.2500 06/01/2019 560M 2.7500 06/01/2020 575M 3.0000 06/01/2021 590M 3.0000 06/01/2022 610M 3.0000 06/01/2023 630M 3.0000 Total Interest Cost: $1,115,580.69 Premium: $154,371.80 Net Interest Cost: $961,208.89 TIC: 2.259905 Time Last Bid Received On:10/25/2011 10:47:30 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: FirstSouthwest, Dallas , TX Contact: John Thomas Title: Vice President Telephone:214-953-4040 Fax: 214-9544339 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newi ssuehome.i-deal.com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 C, - - — — — — — — — — — — 4� -E o 0 ID 0 0 6 z 4 4 16 4 0 0 n 05 0 ol .1k b�Cli 't -C 1�*C� � cn 14 t: 10 zQ 0 0 0 0 0 0 0 0 00 O 0 00 0 0 0 - - - - - - - - - - - - — - - - - - - - C> O o o o o C, z o c; 7: Q (n 'o G 110, 'o 'o .0 01 C�C� 0 O 1 -- 2 2 0 - 00 C C. C, r 01 — - - - - - h N h I - - - - - - 0' C7, a o, - t P. -� - — 3% Ze 10 zo 10 10 I'D W o � 0 0 0 tv 5: > ce) r-I cy 1. 10 10 0 0 - - - - - - N c Z - - - - - - - - - - 0'4 C� cw� Q�, Z� C�, 10 O SZ 0 C> 0 0� 7Zq lc� llc� LZ vi 10 11 u LZ o Li n nLe O.- - - u - - ? - - - - - 0 o < /ARIA Y Result Screen Page 1 of 1 11:03:41 a.m. CDST Upcoming Calendar 1-overview I Compare I Summary Bid Results Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B The following bids were submitted using PARITY®and displayed ranked by lowest TIC. Click on the name of each bidder to see the respective bids. Bid Award` Bidder Name TIC r FTN Financial Capital Markets 1.912883 v F LIMB Bank N.A. 1,962240 f � Morgan Keegan & Co., lnc. 2.016594 r Robert W. Baird &Co., Inc. 2.089074 r Raymond James&Associates, Inc. 2.095107 F BMO Capital Markets 2.098640 F Janney Montgomery Scott LLC 2.106118 r f Hutchinson. Shockey. Erley & Co. 2.161932 r {� Northland Securities, Inc. 2.174472 r Piper Jaffray 2.185834 ` f D.A. Davidson &Co. 2.190681 r BOSC, Inc 2.213928 X F- FirstSouthwest 2.259905 *Awarding the Bonds to a specific bidder will provide you with the Reoffering Prices and Yields. https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YAKl 1 Y Lila corm rage 1 of L Upcoming Calendar Overview I Result Excel FTN Financial Capital Markets - Memphis , TN's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,660,049.90, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s). Maturity Date Amount$ Coupon % 06/01/2012 570M 1.0000 06/01/2013 505M 1.0000 06/01/2014 510M 1.0000 06/01/2015 520M 1.0000 06/01/2016 525M 1.2000 06/01/2017 535M 1.3500 06/01/2018 545M 1.5000 06/01/2019 560M 1.8000 06/01/2020 575M 2.0000 06/01/2021 590M 2.2000 06/01/2022 610M 2.3000 06/01/2023 630M 2.4000 Total Interest Cost: $785,172.69 Discount: $14,950.10 Net Interest Cost: $800,122.79 TIC: 1.912883 Time Last Bid Received On:10/25/2011 10:57:30 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: FTN Financial Capital Markets, Memphis ,TN Contact: Henry Herren Title: Telephone:901435-8006 Fax: 901-537-7745 issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 rAllslii x vewiering Page 1 of 1 Result FTN Financial Capital Markets's Reoffering Scale Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B Maturity Date Amount$Coupon%Yield%Dollar Price Call Date 06/01/2012 570M 1.0000 0.2500 100.407 06/01/2013 505M 1.0000 0.4500 100.845 06/01/2014 510M 1.0000 0.6500 100.881 06/01/2015 520M 1.0000 0.90001 100.347 06/01/2016 525M 1.2000 1.2000 100.000 06/01/2017 535M 1.3500 1.3500 100.000 06/01/2018 545M 1.5000 1.5000 100.000 06/01/2019 560M 1.8000 1.8000 100.000 06/01/2020 575M 2.0000 2.0000 100.000 06/01/2021 590M 2.2000 2.2000 100.000 06/01/2022 610M 2.3000 12.3000 100.000 06/01/2023 630M 2.4000 12.4000 100.000 Accrued Interest: $0.00 Gross Production: $6,687,884.65 https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 FAIU i r bla rorm gage i of t, Upcoming Calendar Overview I Result i Excel UMB Bank N.A. - Kansas City , MO's Bid ; Ar 'W Ames $6,676,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,636,952.50, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 1.0000 06/01/2013 505M 1.0000 06/01/2014 510M 1.0000 06/01/2015 520M 1.0000 06/01/2016 525M 1.0500 06/01/2017 535M 1.3000 06/01/2018 545M 1.5500 06/01/2019 560M 1.7500 06/01/2020 575M 1.9500 06/01/2021 590M 2.2000 06/01/2022 610M 2.3000 06/01/2023 630M 2.4500 Total Interest Cost: $780,961.69 Discount: $38,047.50 Net Interest Cost: $819.009.19 TIC: 1.962240 Time last Bid Received On:10/25/2011 10:39:18 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: UMB Bank N.A., Kansas City , MO Contact: Kristin Koziol Title: VP Telephone:816-860-7223 Fax: 816-843-4325 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https:,'.'www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 YAK!1 Y 13id corm Page I of 2 Upcoming Calendar I Overview I Result I Excel Morgan Keegan & Co., Inc. - Memphis , TN's Bid w , s Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,745,058.22, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 1.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2,0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.1250 06/01/2021 590M 2.2500 1006/01/2023..L 6/01/2022 610M 2.5000 630M 2.5000 Total Interest Cost: $918,124.93 Premium: $70,058.22 Net Interest Cost: $848,066.71 TIC: 2.016594 Time last Bid Received On:10/25/2011 10:59:24 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Morgan Keegan & Co., Inc., Memphis, TN Contact: Randall Hawkins Title: AVP Telephone:901-578-4720 Fax: 901-579-4429 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal,com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 YAKI t Y tild Dorm Yage I of 2 Upcoming Calendar Overview Result f Bxcel Robert W. Baird & Co., Inc. - Milwaukee , Wl's Bid =3JAR11 Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,732,228.25, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.3500 06/01/2022 610M 2.4500 06/01/2023 630M 2.6000 Total Interest Cost: $934,601.22 Premium: $57,228.25 Net Interest Cost: $877,372.97 TIC: 2.089074 Time Last Bid Received On:10/25/2011 10:38:47 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Robert W. Baird &Co., Inc., Milwaukee ,WI Contact: Drew Kanyer Title: Telephone:414-765-7331 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page-parity... 10/25/2011 rAx11 Y 131C1 roan rage 1 of 2 Upcoming Calendar I Overview I Result I Excel Raymond James & Associates, Inc. - Memphis , TN's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,710,734.00, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.1250 06/01/2021 590M 2.2500 06/01/2022 610M 2.3750 06/01/2023 630M 2.5000 Total Interest Cost: $913,188.12 Premium: $35,734.00 Net Interest Cost: $877,454.12 TIC: 2.095107 Time Last Bid Received On:10/25/2011 10:04:39 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Raymond James&Associates, Inc., Memphis ,TN Contact: Tony Marcone Title: Municipal Underwrite Telephone:901-752-6109 Fax: 901-752-8200 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https: www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YAK.I 1 Y 13id corm Yage 1 of 2 Upcoming Calendar Overview 1 Result l Exce! BMO Capital Markets - Chicago , IL's Bid MQj � Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,736,539.65, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2500 06/01/2021 590M 2.3750 06/01/2022 610M 2.5000 06/01/2023 1 630M 2.6250 Total Interest Cost: $943,499.86 Premium: $61,539.65 Net Interest Cost: $881,960.21 TIC: 2.098640 Time Last Bid Received On:10/25/2011 10:57*31 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: BMO Capital Markets, Chicago, IL Contact: Ed Baker Title: Director Telephone:312-845-5057 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.coni/Parity/asp/main.asp?frame content&page=parity... 10/25/2011 rAKI 1 Y biQ corm Yage 1 of 2 Upcoming Calendar Overview I Result I Excel Janney Montgomery Scott LLC - Philadelphia , PA's Bid .'.3 JA,RMY Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,722,800.30, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.3000 06/01/2022 610M 2.5000 06/01/2023 630M 2.5500 Total Interest Cost: $931,365.17 Premium: $47,800.30 Net Interest Cost: $883,564.87 TIC: 2,106118 Time Last Bid Received On:10/25/2011 10:53:29 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Janney Montgomery Scott LLC, Philadelphia, PA Contact: Lauren Carter Title: Telephone:215-665-6521 Fax: 215-557-8648 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 FAA 1 Y t510 Porm Yage t of 2 Upcoming Calendar I Overview I Result I Excel Hutchinson, Shockey, Erley & Co. - Chicago , IL's Bid ;zA!s Q '- Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,750,754.45, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon % 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.5000 06/01/2020 575M 2.5000 06/01/2021 590M 2.5000 06/01/2022 610M 2.5000 06/01/2023 630M 2.6500 Total Interest Cost: $985,764.22 Premium: $75,754.45 Net Interest Cost: $910,009.77 TIC: 2.161932 Time Last Bid Received On:10/2512011 10:51:34 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Hutchinson, Shockey, Erley& Co., Chicago, IL Contact: Jim VanMetre Title: Telephone:312-443-1550 Fax: 312-443-7225 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: littps://www.newi ssuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parity... 10/25/2011 YAIU I Y tsia rorm rage i oI Upcoming Calendar f Overview I Result Excel Northland Securities, Inc. - Minneapolis , MN's Bid ;z A'; Ryjn � Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,676,000.00, we will pay you$6,704,909.50, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2,0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2000 06/01/2021 590M 2.4000 06/01/2022 610M 2.5000 06/01/2023 630M 2.6000 Total Interest Cost: $940,632.89 Premium: $29,909.50 Net Interest Cost: $910,723.39 TIC: 2.174472 Time Last Bid Received On:10/25/2011 10:55:36 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Northland Securities, Inc., Minneapolis, MN Contact: Cynthia Litke Title: Telephone:612-851-5940 Fax: 612-851-5941 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https:/'vA w.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 rt�rci t Y rsia rorm rage 1 ui L Upcoming Calendar Overview Result Excel Piper Jaffray - Kansas City , MO's Bid .: 3'in1RISIF Ames $6,675,000 Genera! Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,710,514.50, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.1250 06/01/2019 560M 2.1250 06/01/2020 575M 2.2500 06/01/2021 590M 2.3750 06/01/2022 610M 2.5000 06/01/2023 630M 2.6000 Total Interest Cost: $951,421.13 Premium: $35,514.50 Net Interest Cost: $915,906.63 TIC: 2.185834 Time Last Bid Received On:10/25/2011 10:59:52 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Piper Jaffray, Kansas City , MO Contact: Joyce Chaney Title: Managing Director Telephone:913-345-3360 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newi ssuehome.i-deal.com/Parity'asp/main.asp?frame—content&page=parity... 10/25/2011 i r-11v 1 1 1J1U 1 V1111 rage 1 ul L Upcoming Calendar f Overview ( Result I Excel D.A. Davidson & Co. - Denver , CO's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000,00,we will pay you $6,710,205.25, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2,0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.0000 06/01/2019 560M 2.0000 06/01/2020 575M 2.2500 06/01/2021 590M 2.4000 06/01/2022 610M 1 2.5500 06/01/2023 630M 2.7000 Total Interest Cost: $953,578.47 Premium: $35,206.25 Net Interest Cost: $918.373.22 TIC: 2.190681 Time Last Bid Received On:10/25/2011 10:45:16 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: D.A. Davidson &Co., Denver, CO Contact: Amy Kohrs Title: Telephone:303-764-6013 Fax: 303-764-6003 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page--parity... 10/25/2011 rAm i r oiu rurm rage i of L Upcoming Calendar Overview I Result 1 Excel BOSC, Inc - Menomonee Falls , WI's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you$6,909,401.20, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/0112015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 3.0000 06/01/2018 545M 3.0000 06/01/2019 560M 3.0000 06/01/2020 575M 3.0000 06/01/2021 590M 3.0000 06/01/2022 610M 3.0000 06/01/2023 1 630M 3.0000 Total Interest Cost: $1,182,556.11 Premium: $234,401.20 Net Interest Cost: $948,154.91 TIC: 2.213928 Time Last Bid Received On:10/25/2011 10:56:55 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: BOSC, Inc, Menomonee Falls, WI Contact: Allen Mattson Title: Telephone:262-509-6935 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newis suehome.i-deal.com/Parity/asp/main.asp?frame-content&page=parity... 10/25/2011 rriru i x Diu ruiin of � Upcoming Calendar Overview I Result I Excel FirstSouthwest - Dallas , TX's Bid Ames $6,675,000 General Obligation Corporate Purpose Bonds, Series 2011 B For the aggregate principal amount of$6,675,000.00,we will pay you $6,829,371.80, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon% 06/01/2012 570M 2.0000 06/01/2013 505M 2.0000 06/01/2014 510M 2.0000 06/01/2015 520M 2.0000 06/01/2016 525M 2.0000 06/01/2017 535M 2.0000 06/01/2018 545M 2.2500 06/01/2019 560M 2.7500 06/01/2020 575M 3.0000 06/01/2021 590M 3.0000 06/01/2022 610M 3.0000 06/01/2023 630M 3.0000 Total Interest Cost: $1,115,580.69 Premium: $154,371.80 Net Interest Cost: $961,208.89 TIC: 2.259905 Time Last Bid Received On:10/25/2011 10:47:30 CDST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: FirstSouthwest, Dallas, TX Contact: John Thomas Title: Vice President Telephone:214-953-4040 Fax: 214-954-4339 Issuer Name: City of Ames Company Name: Accepted By: Accepted By: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page—parity... 10/25/2011 TABLE OF CONTENTS City of Ames,Iowa General Obligation Series 2011 B Post-Sale Analysis Report Page Sources and Uses of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Bond Summary Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Bond Pricing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Bond Debt Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Form 8038 Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Proof of Arbitrage Yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011B) SOURCES AND USES OF FUNDS City of Ames,Iowa General Obligation Series 2011B Post-Sale Analysis Sources: Bond Proceeds: Par Amount 6,675,000.00 Premium 12,884.65 6,687,884.65 Uses: Project Fund Deposits: Project Fund 6,605,249.90 Delivery Date Expenses: Cost of Issuance 54,800.00 Underwriter's Discount 27,834.75 82,634.75 6,687,884.65 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011B) Page 1 BOND SUMMARY STATISTICS City of Ames,Iowa General Obligation Series 2011B Post-Sale Analysis Dated Date 11/15/2011 Delivery Date 11/15/2011 Last Maturity 06/01/2023 Arbitrage Yield 1.840905% True Interest Cost(TIC) 1.912883% Net Interest Cost(NIC) 1.922255% NIC w/Interest only 1.886339% NIC w/Interest&OID 1.855384% NIC w/Interest,OID&Und.Discount 1.922255% All-In TIC 2.055865% Average Coupon 1.886339% Average Life(years) 6.236 Duration of Issue(years) 5.844 Par Amount 6,675,000.00 Bond Proceeds 6,687,884.65 Total Interest 785,172.69 Net Interest 800,122.79 Bond Years from Dated Date 41,624,166.67 Bond Years from Delivery Date 41,624,166.67 Total Debt Service 7,460,172.69 Maximum Annual Debt Service 645,120.00 Average Annual Debt Service 646,213.23 Underwriter's Fees(per$1000) Average Takedown Other Fee 4.170000 Total Underwriter's Discount 4.170000 Bid Price 99.776028 Par Average Average Bond Component Value Price Coupon Life Duration Serial Bonds 6,675,000.00 100.193 1.886% 6.236 5.853 6,675,000.00 6.236 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011 B) Page 2 BOND SUMMARY STATISTICS City of Ames,Iowa General Obligation Series 2011B Post-Sale Analysis All-In Arbitrage TIC TIC Yield Par Value 6,675,000.00 6,675,000.00 6,675,000.00 +Accrued Interest +Premium(Discount) 12,884.65 12,884.65 12,884.65 Underwriter's Discount (27,834.75) (27,834.75) Cost of Issuance Expense (54,800.00) Other Amounts Target Value 6,660,049.90 6,605,249.90 6,687,884.65 Target Date 11/15/2011 11/15/2011 11/15/2011 Yield 1.912883% 2.055865% 1.840905% Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011 B) Page 3 BOND PRICING City of Ames,Iowa General Obligation Series 2011B Post-Sale Analysis Maturity Bond Component Date Amount Rate Yield Price Serial Bonds: 06/01/2012 570,000 1.000% 0.250% 100.407 06/01/2013 505,000 1.000% 0.450% 100.845 06/01/2014 510,000 1.000% 0.650% 100.881 06/01/2015 520,000 1.000% 0.900% 100.347 06/01/2016 525,000 1.200% 1.200% 100.000 06/01/2017 535,000 1.350% 1.350% 100.000 06/01/2018 545,000 1.500% 1.500% 100.000 06/01/2019 560,000 1.800% 1.800% 100.000 06/01/2020 575,000 2.000% 2.000% 100.000 06/01/2021 590,000 2.200% 2.200% 100.000 06/01/2022 610,000 2.300% 2.300% 100.000 06/01/2023 630,000 2.400% 2.400% 100.000 6,675,000 Dated Date 11/15/2011 Delivery Date 11/15/2011 First Coupon 06/01/2012 Par Amount 6,675,000.00 Premium 12,884.65 Production 6,687,884.65 100.193028% Underwriter's Discount (27,834.75) (0.417000%) Purchase Price 6,660,049.90 99.776028% Accrued Interest Net Proceeds 6,660,049.90 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-201113) Page 4 BOND DEBT SERVICE City of Ames,Iowa General Obligation Series 201113 Post-Sale Analysis Period Annual Ending Principal Coupon Interest Debt Service Debt Service 11/15/2011 06/01/2012 570,000 1.000% 57,960.19 627,960.19 627,960.19 12/01/2012 50,378.75 50,378.75 06/01/2013 505,000 1.000% 50,378.75 555,378.75 605,757.50 12/01/2013 47,853.75 47,853.75 06/01/2014 510,000 1.000% 47,853.75 557,853.75 605,707.50 12/01/2014 45,303.75 45,303.75 06/01/2015 520,000 1.000% 45,303.75 565,303.75 610,607.50 12/01/2015 42,703.75 42,703.75 06/01/2016 525,000 1.200% 42,703.75 567,703.75 610,407.50 12/01/2016 39,553.75 39,553.75 06/01/2017 535,000 1.350% 39,553.75 574,553.75 614,107.50 12/01/2017 35,942.50 35,942.50 06/01/2018 545,000 1.500% 35,942.50 580,942.50 616,885.00 12/01/2018 31,855.00 31,855.00 06/01/2019 560,000 1.800% 31,855.00 591,855.00 623,710.00 12/01/2019 26,815.00 26,815.00 06/01/2020 575,000 2.000% 26,815.00 601,815.00 628,630.00 12/01/2020 21,065.00 21,065.00 O6/01/2021 590,000 2.200% 21,065.00 611,065.00 632,130.00 12/01/2021 14,575.00 14,575.00 06/01/2022 610,000 2.300% 14,575.00 624,575.00 639,150.00 12/01/2022 7,560.00 7,560.00 06/01/2023 630,000 2.400% 7,560.00 637,560.00 645,120.00 6,675,000 785,172.69 7,460,172.69 7,460,172.69 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011B) Page 5 FORM 8038 STATISTICS City of Ames,Iowa General Obligation Series 2011 B Post-Sale Analysis Dated Date 11/15/2011 Delivery Date 11/15/2011 Redemption Bond Component Date Principal Coupon Price Issue Price at Maturity Serial Bonds: 06/01/2012 570,000.00 1.000% 100.407 572,319.90 570,000.00 06/01/2013 505,000.00 1.000% 100.845 509,267.25 505,000.00 06/01/2014 510,000.00 1.000% 100.881 514,493.10 510,000.00 06/01/2015 520,000.00 1.000% 100.347 521,804.40 520,000.00 06/01/2016 525,000.00 1.200% 100.000 525,000.00 525,000.00 06/01/2017 535,000.00 1.350% 100.000 535,000.00 535,000.00 06/01/2018 545,000.00 1.500% 100.000 545,000.00 545,000.00 06/01/2019 560,000.00 1.800% 100.000 560,000.00 560,000.00 06/01/2020 575,000.00 2.000% 100.000 575,000.00 575,000.00 06/01/2021 590,000.00 2.200% 100.000 590,000.00 590,000.00 06/01/2022 610,000.00 2.300% 100.000 610,000.00 610,000.00 06/01/2023 630,000.00 2.400% 100.000 630,000.00 630,000.00 6,675,000.00 6,687,884.65 6,675,000.00 Stated Weighted Maturity Interest Issue Redemption Average Date Rate Price at Maturity Maturity Yield Final Maturity 06/01/2023 2.400% 630,000.00 630,000.00 Entire Issue 6,687,884.65 6,675,000.00 6.2277 1.8409% Proceeds used for accrued interest 0.00 Proceeds used for bond issuance costs(including underwriters'discount) 82,634.75 Proceeds used for credit enhancement 0.00 Proceeds allocated to reasonably required reserve or replacement fund 0.00 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-2011B) Page 6 PROOF OF ARBITRAGE YIELD City of Ames,Iowa General Obligation Series 2011B Post-Sale Analysis Present Value PV to 11/15/2011 Date Debt Service Factor @ 1.8409046% 06/01/2012 627,960.19 0.990072747 621,726.27 12/01/2012 50,378.75 0.981042717 49,423.71 06/01/2013 555,378.75 0.972095046 539,880.93 12/01/2013 47,853.75 0.963228983 46,094.12 06/01/2014 557,853.75 0.954443783 532,440.04 12/01/2014 45,303.75 0.945738709 42,845.51 06/01/2015 565,303.75 0.937113031 529,753.51 12/01/2015 42,703.75 0.928566024 39,653.25 06/01/2016 567,703.75 0.920096970 522,342.50 12/01/2016 39,553.75 0.911705159 36,061.36 06/01/2017 574,553.75 0.903389887 519,046.05 12/01/2017 35,942.50 0.895150454 32,173.95 06/01/2018 580,942.50 0.886986169 515,287.96 12/01/2018 31,855.00 0.878896348 27,997.24 06/01/2019 591,855.00 0.870880310 515,434.87 12/01/2019 26,815.00 0.862937383 23,139.67 06/01/2020 601,815.00 0.855066900 514,592.09 12/01/2020 21,065.00 0.847268201 17,847.70 06/01/2021 611,065.00 0.839540630 513,013.89 12/01/2021 14,575.00 0.831883539 12,124.70 06/01/2022 624,575.00 0.824296285 514,834.85 12/01/2022 7,560.00 0.816778231 6,174.84 06/01/2023 637,560.00 0.809328746 515,995.64 7,460,172.69 6,687,884.65 Proceeds Summary Delivery date 11/15/2011 Par Value 6,675,000.00 Premium(Discount) 12,884.65 Target for yield calculation 6,687,884.65 Oct 25,2011 11:39 am Prepared by Public Financial Management (Finance 6.021 ames:AMES-201113) Page 7 Tionna Pooler To "DVoss@city.ames.ia.us"<DVoss@city.ames.ia.us> .-` <poolert@pfm.com> cc Ted Nellesen<nellesent@pfm.com> - 10/25/2011 12:01 PM bee Subject RE:Ames bond sale resolution for Oct. 25 Attached is the information needed to complete the resolution. If you have any questions or need assistance, please let us know and Ted Nellesen at 515-724-5733 can help you. Thanks, Tionna From: Josten.Robert@dorsey.com [ma i Ito:Josten.Robert@dorsey.com] Sent: Friday, October 21, 2011 10:54 AM To: dvoss@city.ames.ia.us; dpitcher@city.ames.ia.us; rwisecup@city.ames.ia.us; dmarek@city.ames.ia.us Cc: Tionna Pooler; Gail Biggart Subject: Ames bond sale resolution for Oct. 25 Attached to this email is a resolution that may be adopted by the Ames City Council on October 25 in order to award the sale of the City's GO Corporate Purpose Bonds to the best bidder. Original copies have also been sent by regular mail. PFM staff will give you the information you need to fill in the blanks in this draft of the resolution. Please contact me if there are questions. Robert E.Josten Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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