HomeMy WebLinkAboutA025 - E-mail message from Duane Pitcher dated July 31, 2012 RE, � & �
Bond Action for Next Council Meeting
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Duane R Pitcher to: Steve Schainker, Melissa Mundt, Diane R 07/31/2012 04:55 PM
Voss
Cc: Roger Wisecup, Sharon J Hjortshoj
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Steve, Diane and Melissa,
I will be on vacation starting next Tuesday and not back until after the 8/14 council meeting. I have
prepared the CAF to approve the Official Statement(OS) and set the date of sale for August 28, 2012.
Sharon will put the CAF on the T:\Drive, it is a fairly routine action,with the only change from budget being
the removal of the project to extend utilities to the east as discussed with council and approved at 7/24
meeting. Roger will make sure the OS gets up to Diane-we will receive an electronic copy and that is
what we will distribute and post with the CAF.
Diane, I will send Bob Josten a reminder, but you should get the documents from him to set the date of
sale. If we have any issues I can take care of when I get back as long as council takes the recommended
action on the CAF.
Give me a call if you have any questions.
Thanks,
Duane
Duane Pitcher, CPA, CPFO
Director of Finance
515.239.5114 main 1515.239.5320 fax
dpitcher@city.ames.ia.us I City Hall, 515 Clark Avenue I Ames, IA 50010
www.CitvofAmes.org I —Caring People—Quality Programs— Exceptional Service"
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RE:Preliminary O/S
Jon Burmeister
to:
Duane R Pitcher
07/31/2012 04:35 PM
Cc:
Roger Wisecup,Diane R Voss,"josten.robert@dorsey.com",Sharon J Hjortshoj
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Hi Duane,
Sorry I missed your phone call.We should have a draft of the OS by tomorrow for your review before you leave on vacation.
Par amount is confirmed at$13,215,000 allowing for costs of issuance of$187,120(estimate)leaving project monies of$13,027,880 versus the$13,065,500.
As discussed on my voice message,I have set the par amount of the library portion at$4.5 million leaving net proceeds of$4,455,000 for the library_
Given the authorization was set via a referendum,we are are unable to add costs of issuance on top of the$4.5 million referendum amount.
Let me know if you have any further questions.
Jon
515-724-5724
From:Duane R Pitcher[ma i Ito:DPitcherCalcity.ames.ia.us]
Sent:Tuesday,July 31,2012 10:22 AM
To:Jon Burmeister
Cc:Roger Wisecup;Diane R Voss;josten.robert@dorsey.com;Sharon J Hjortshoj
Subject:Preliminary O/S
Jon,
I will be on vacation starting next Tuesday,August 2 and returning on August 15,please be sure to include Roger Wisecup on any bond related correspondence including the OS. I have
prepared the council action form for the 14th.
I do want to confirm that action will be for a total sale amount of$13,215,000 with projects totaling$13,065,500 and allowance for issuance cost and sale at premium of$149,500.
Duane Pitcher,CPA,CPFO
Director of Finance
515.239.5114 main 1515.239.5320 f—
dpitcherPcity.ames.ia.usl City Hall,515 Clark Avenue I Ames,IA 50010
www.CityofAmes.org I"Caring People'Quality Programs"Exceptional Service"
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