HomeMy WebLinkAboutA001 - Proposed Schedule for 2013 Debt Issue 801 Grand Avenue 515-727-5724
Suite 3300 515-243-6994 fax
Des Moines,IA 50309 www.pfm.com
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The PFNI GrouiI
PROPOSED SCHEDULE FOR 2013 DEBT ISSUE
CITY OF AMES, IOWA
Feb-13 Mar-13 Apr-13 May-13 Jun-13
S M T W T F S S M T W T F S S M T W T F S S M T W T F S S M T W T F S
1 2 1 2 1 2 3 4 5 6 1 2 3 4 1
3 4 5 6 7 8 9 3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 8
10 11 12 13 14 15 16 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 15
17 18 19 20 21 22 23 17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 22
24 25 26 27 28 24 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31 23 24 25 26 27 28 29
31 1 1 1 1 30
Date Task Description Responsibility
February Structure Bonds • Develop Debt Amortization Schedules C, FA
Update Refunding Analyses C, FA
Prepare Sale Details FA
Feb 12 Council Meeting • Set Public Hearings C, BC
Feb 26 Council Meeting • Hold Public Hearings C, BC
• Adopt Pre-Levy Resolution
April 23 Council Meeting • Set sale date and approve POS C, FA, BC
April 29 Moody's Presentation • Credit Presentation Conference C, FA, RA
Call @ 10:00 A.M.
May 14� Council Meeting • Sell and award Bonds at 10 am C, FA, BC
• Authorize Issuance Proceedings
• Approve Notices of Redemption
May 15 I Prepare Notices • Disseminate Notices of Redemption C, BC
May 28 1 Council Meeting 0 No Action C, BC
May 30 Closing • Purchaser delivers Funds C, BC, FA
June 14 • Redeem Refunded Bonds C
Financing Team Members:
C= City of Ames, Iowa
BC= Dorsey and Whitney(bond counsel)
FA= Public Financial Management, Inc. (financial advisor)
RA= Moody's Investors Service (rating agency)
801 Grand Avenue 515-727-5724
Suite 3300 515-243-6994 fax
�- Des Moines,IA 50309 www.pfm.com
The PFN1 Grc1u1)
PROPOSED SCHEDULE FOR 2013 DEBT ISSUE
CITY OF AMES, IOWA
Feb-13 Mar-13 Apr-13 May-13 Jun-13
S M T W T F S S M T W T F S S M T W T F S S M T W T F S S M T W T F S
1 2 1 2 1 2 3 4 5 6 1 2 3 4 1
3 4 5 6 7 8 9 3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 2 3 4 5 6 7 8
10 11 12 13 14 15 16 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 9 10 11 12 13 14 15
17 18 19 20 21 22 23 17 18 19 20 21 22 23 21 22 23 24 25 26 27 19 20 21 22 23 24 25 16 17 18 19 20 21 22
24 25 26 27 28 24 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31 23 24 25 26 27 28 29
31 1 1 1 1 1 130
Date Task Description Responsibility
February Structure Bonds • Develop Debt Amortization Schedules C, FA
Update Refunding Analyses C, FA
Prepare Sale Details FA
Feb 12�) Council Meeting` • Set Public Hearings C, BC
Feb 26 Council Meeting • Hold Public Hearings C, BC
• Adopt Pre-Levy Resolution
April 23i!'s j Council Meeting • Set sale date and approve POS C, FA, BC
April 29 Moody's Presentation • Credit Presentation Conference C, FA, RA
Call @ 10:00 A.M.
May 1 Council Meeting • Sell and award Bonds at 10 am C, FA, BC
Approve Notices of Redemption
May 8 Prepare Notices • Disseminate Notices of Redemption C, BC
May 28 Council Meeting • No Action C, BC
May 30 Closing • Purchaser delivers Funds C, BC, FA
June 8 • Redeem Refunded Bonds C
Financing Team Members:
C= City of Ames, Iowa
BC= Dorsey and Whitney(bond counsel)
FA= Public Financial Management, Inc. (financial advisor)
RA= Moody's Investors Service (rating agency)
Bond Issue Schedule of Events
Tina Stanley, Roger Wisecup, Nancy E
Duane R Pitcher to: Masteller, Steve Schainker, Melissa 02/07/2013 05:31 PM
Mundt, Diane R Voss
Cc: Sharon J Hjortshoj, Icarey, John C Joiner
Duane R Pitcher Bond Issue Schedule of Events
Attached the proposed schedule of events for the upcoming G.O. Bond issue. Please contact me if you
have any questions on the deadlines or actions needed to execute the bond issue as planned. This is an
earlier issue date than we have had in the past several years and will provide funding for the library
project and allow for a current refunding of two of our older outstanding bond issues.
Thanks,
Duane
Gm
Ames Schedule_of_Events_2013.pdf
Duane Pitcher, CPA, CPFO
Director of Finance
City of Ames
515.239.5114 main 1515.239.5320 fax
dpitcher@city.ames.ia.us I City Hall, 51S Clark Avenue I Ames, IA 50010
www.CitvofAmes.org I -Caring People-Quality Programs-Exceptional Service