HomeMy WebLinkAboutA020 - PFM Proposed Schedule of Events 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
$25,145,000* General Obligation Corporate Purpose & Refunding Bonds, Series 2021A
- .
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 3 4 5 1 2 3 1 2 3 4 5; 6 7 11 2 3 4
6 7 8 9 10 11 12 4 5 6 71..8 9 10 8 9 10 11 12� 13 14 5� 6I 7 81 9 10 11
13 14 15 16. 17 18 19 11 12 13 14'' 15 16 T7 15 16 17 18. 19 20', 21 12I 131 14 151 16 T7 18
20 21 22.23'.24125 26 18 19 20 21 22 23.24 22 23:24 25 26 27.28 _1912W 21 22123 24-25
27 28 29 30 25 26 27 28 29 30 31 29 30 31 26I27',28 29130
1
Date Task Description Responsible
Party
June Structure Bonds • Develop Debt Amortization Schedules & Refunding C, FA
Analysis
• Prepare Sale Details FA
June-July Prepare POS • Prepare Preliminary Official Statement C, FA
• Prepare Moody's Credit Presentation
Week of July 27 Moody's Credit Call • Moody's Credit Presentation (Date/Time TBD) C, FA, RA
T
July 27 ( � a Council Meeting • Approve POS& Electronic Bidding C, FA, BC
August 10 11:00am - Bond Sale • Receive Bids (Sealed, Facsimile & Parity Internet C, FA, BC
Bid System)
6:00pm - Council Meeting • Presentation of Bids Received &Award
• Authorize Issuance Proceedings
No later than Prepare Written Notice • Disseminate Notice of Redemption to Bondholders C, BC
August 11 of Refunded Bonds
September 1 Closing • Purchaser Delivers Funds C, BC, FA
September 9 Redeem Refunded Bonds • Redeem Refunded Bonds (Series 2013) C
No later than Post Material Event Notice • Post Bond Call Material Event Notice to EMMA FA
September 23 within 10 business days of redemption
Financing Team Members:
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)