HomeMy WebLinkAbout~Master - General Obligation Corporate Purpose, Series 2018A - $11,880,000 February 7, 2019
Diane R. Voss
City Clerk/City Hall
515 Clark Avenue
PO Box 811
Ames, Iowa 50010-0811
Re: General Obligation Corporate Purpose Loan Agreement
Our File No. 419370-64
Dear Diane:
Based on communications with Duane Pitcher and Susanne Gerlach, I have prepared and enclose
proceedings that may be used at the Ames City Council meeting on February 12 to set March 5 as the date
for a hearing on the proposal to enter into a Loan Agreement.
The documents enclosed include the following items:
1. Resolution fixing the date, time and place of the meeting at which it is proposed to hold a
hearing on the Loan Agreement.
The form of notice of hearing is set out in Section 2 of the resolution.
2. Certificate attesting the transcript.
3. Certificate with respect to publication of the notice,to which must be attached the publisher's
affidavit of publication with a clipping of the notice as published.
The notice of hearing must be published at least once not less than 4 nor more than 20 days
before the meeting date set for the hearing, in a legal newspaper which has a general circulation in Ames.
Please scan and email a copy of the published notice to me.
As soon as possible after the City Council meeting,please return one fully executed copy of these
proceedings.
If you have any questions,please contact me.
Very truly yours,
Robert E.Josten
cc by email: Duane Pitcher
Mark Lambert
Susanne Gerlach
PfM 0 801 Grand Avenue 515-727-5734
Suite 3300 515-243-6994 fax
Des Moines, IA 50309 www.pfm.com
PROPOSED SCHEDULE OF EVENTS
CITY OF AMES, IOWA
General Obligation Corporate Purpose Bonds, Series 2018A
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Em v-190
June Structure Bonds • Develop Debt Amortization Schedules
C, FA
• Prepare Sale Details
FA
June-July Prepare POS • Prepare Preliminary Official Statement C, FA
• Prepare Moody's Credit Presentation
July 30 Draft POS Sent for Review . PFM distributes the first draft of the POS for FA, C, BC
review by the City and Bond Counsel.
Aug 7 POS Sent to City for • PFM sends POS for inclusion in the City Council FA,C, BC
Council Packets agenda packets for the Aug 14th meeting.
Aug 8-10 Moody's Credit Call • Moody's Credit Presentation (Date/Time TBD) C, FA, RA
Aug 14 Council Meeting • Approve POS& Electronic Bidding C, FA, RA
August 28 11:00am- Bond Sale • Receive Bids(Sealed, Facsimile & Parity Internet C, FA, BC
Bid System)
6:00pm - Council Meeting e Presentation of Bids Received &Award
• Authorize Issuance Proceedings
September 10 Closing • Purchaser Delivers Funds C, BC, FA
C=City of Ames, Iowa
BC=Dorsey and Whitney(bond counsel)
FA= PFM Financial Advisors LLC(financial advisor)
RA= Moody's Investors Service(rating agency)