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Home My WebLink AboutA032 - Bids Received Voss, Diane From: Carrie Swartz <swartzc@pfm.com> Sent: Tuesday, August 10, 2021 12:03 PM To: Pitcher, Duane; Voss, Diane; Wisecup, Roger; Danos.John@dorsey.com; ritter.cheryl@dorsey.com Cc: Jennifer Smith; Susanne Gerlach; Jack Cahill Subject: Bids Received City of Ames Series 2021A Attachments: Bids Received-Ames-Series 2021A.pdf [External Email] Hello All, Please see attached for the bids received from today's sale for the City of Ames General Obligation Corporate Purpose and Refunding Bonds, Series 2021A. We will send the final numbers over once they have been approved. Please let us know if you have any questions. Thanks, Carrie Carrie Swartz Financial Analyst Pronouns—she, her, hers PFM Financial Advisors LLC swartzc(a�pfm.com 1515.724.5729 OFFICE 801 Grand Avenue, Suite 3300 1 Des Moines, IA 50309 pfm.com City of Ames, Iowa $22,405,000"General Obligation Corporate Purpose and Refunding Bonds, Series 2021A Tuesday, August 10, 2021 Page 2 COUPON NET INTEREST COST PURCHASE NAME OF BIDDER RATE YEAR &TRUE INTEREST RATE PRICE ROBERT W. BAIRD &CO., INC. 5.000% 2022-2029 $1,446,031.44 $25,859,211.06 Milwaukee, Wisconsin 4.000% 2030 C.L. KING &ASSOC. 3.000% 2031 1.0418% New York, New York 2.000% 2032-2033 COLLIERS SECURITIES LLC Minneapolis, Minnesota EDWARD JONES St. Louis, Missouri FIDELITY CAPITAL MARKETS Chicago, Illinois UMB BANK, N.A. Kansas City, Missouri CREWS &ASSOC., INC. Little Rock, Arkansas DAVENPORT&CO. LLC Richmond, Virginia DUNCAN-WILLIAMS, INC. Richmond, Virginia COUNTRY CLUB BANK Prairie Village, Kansas SIERRA PACIFIC SECURITIES Las Vegas, Nevada SUMRIDGE PARTNERS LLC Jersey City, New Jersey LOOP CAPITAL MARKETS New York, New York WINTRUST INVESTMENTS LLC Rosemont, Illinois CENTRAL STATES CAPITAL MARKETS Prairie Village, Kansas FMS BONDS, INC. Miami, Florida COMMERCE BANK Kansas City, Missouri ISAAK BOND INVESTMENTS, INC. Denver, Colorado MIDLAND SECURITIES Dallas, Texas FIRST SOUTHERN SECURITIES Alpharetta, Georgia DINOSAUR SECURITIES LLC New York, New York FIRST BANKERS' BANC SECURITIES, INC. St. Louis, Missouri MOUNTAINSIDE SECURITIES LLC Summit, New Jersey STONEX FINANCIAL, INC. New York, New York UNITED BANKERS BANK Bloomington, Minnesota City of Ames, Iowa $22,405,000*General Obligation Corporate Purpose and Refunding Bonds, Series 2021A Tuesday, August 10, 2021 Page 3 COUPON NET INTEREST COST PURCHASE NAME OF BIDDER RATE YEAR &TRUE INTEREST RATE PRICE THE BAKER GROUP 5.000% 2022-2029 $1,443,195.94 $25,689,864.89 Oklahoma City, Oklahoma 4.000% 2030 2.000% 2031-2033 1.0463% MESIROW FINANCIAL, INC. 5.000% 2022-2029 $1,510,116.73 $25,642,826.05 Chicago, Illinois 3.000% 2030-2031 2.000% 2032-2033 1.0956% JANNEY MONTGOMERY SCOTT LLC 5.000% 2022-2029 $1,547,675.62 $25,949,594.10 Philadelphia, Pennsylvania 4.000% 2030 3.000% 2031-2032 1.1097% 2.000% 2033 JEFFERIES LLC 5.000% 2022-2030 $1,578,899.76 $26,186,188.30 New York, New York 3.000% 2031-2033 1.1217% J.P. MORGAN SECURITIES LLC 5.000% 2022-2029 $1,591,658.29 $26,193,311.71 New York, New York 4.000% 2030-2031 3.000% 2032-2033 1.1297% HILLTOP SECURITIES 5.000% 2022-2029 $1,565,669.84 $25,739,572.66 Dallas, Texas 4.000% 2030 3.000% 2031 1.1319% 2.000% 2032-2033 City of Ames,Iowa General Obligation Corporate Purpose and Refunding Bonds,Series 2021A TICCaleulodon Period Huntington Raymond James Piper Sandler Fifth Third KeyBanc Robert W.Baird Baker Group Mesirow Janney Montgomen Jefferies J.P.Morgan Hilltop Securities Endine Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service Debt Service 09-09.21 (25,171 J109.74) (25.60675160) (25.598,902,90) (25.479,221,14) (25,716,19284) (25.859.21106) (25.689.96499) 125G42,826.05) (25.949.i94.10) (26,1 M.188.10) (26.193.311.71) (2s.719_i72(o) 06-01-22 3017,512.15 3,035,661.11 3,035,661,11 3,029,220.28 3,048,542.78 3,061,242.50 3048,360.83 3,048,54278 3,074,269.72 3.094,1381K 3,094,320180 3061.242.50 12-01-22 403,406.25 415,875.00 415,875,00 411,450.00 424,725.00 413,450.00 424,60000 424,725.00 442,400.00 456,050,00 456,175181 433,450,90 00-01-23 2,718.406,25 2,730,875.00 2,730,875.00 2,726,450.00 2.739,72500 2,748,450.00 2739,600.00 2,73972500 2.757,400AX) 2.77IO50AX) 2.771.175(8) 2,749,450.00 12-01-23 345,53L25 358,00(),I8) 358,1)00.00 353,57500 366,850,00 375,575.00 366,72500 366,85000 384,52518) 398,175,00 398,300.(8) 375,575.00 06-01-24 2,660,531.25 2,673,000.00 2,673,000.00 2668,575.O0 2,681,850.00 2,690,575.00 2.681,72500 2,681,850.00 2,699,5251a0 2,713,175.03 2,713,300.00 2,690,575.00 12-01-24 287,656.25 300,125.00 300,12500 295,70000 308,975.00 317,700.00 308,850.00 308,97500 326,650.00 340,30000 340,42518) 317.700,00 06-01-25 2,617,656.25 2,630,125.00 2,630,125,00 2,625,700.00 2,638,975.00 2,647,700.00 2,638,850.00 2,638,975180 2,656,650.00 2,670,300.00 2,670,425.(8) 2O47,700,00 12-01-25 229,406.25 241,875O11 241.87500 237.450.00 250,72500 259,450.00 250,600.00 250,725.00 268,400.00 282,050.00 282.175011 259,450.00 06-01-26 1,914,406.25 1,926,875.00 1,926,875.00 1,922,450,00 1,935,725.00 1,944,450.00 1,935,600.00 1,935,7251a0 1,953,400.00 1,967,050.00 1967,175.00 1,944,450.00 12-01-26 187,281.25 199,75000 199,750.00 195,325.00 208,600.00 217,325.00 208,47500 208,600,00 226,27501 239,92500 240,050.00 217.323,00 06-01-27 1,877,281.25 1,889,750.00 1,889,750.00 1,885,325.00 1,898,600,00 1,907,325.00 1,898,475,00 1.898,600,10 1,916,27500 1.929,92500 1930,0500) 1,907,32500 12-01-27 145,031.25 157,500.00 157,500.00 153,075 00 166,350,00 175 075.00 166,225.00 166,350,00 184,025 00 197,675 00 197,800.00 175.075.00 06-01-28 1,855,031.25 1,867,500.00 1,867,500,0) 1,863,075.00 1,876,350.00 1885,07500 1,876,22500 1,876,350.00 1,894,025.00 1,907,675.00 1,907,8000) 1,88507500 12-01-28 102,281.25 114,750.00 114,750.00 110,325.00 123,600.00 132,325.00 123,475.00 123,600DI) 141.27500 154,925.00 155050.18) 132,325oi) 00-01-29 1,827,281.25 L839,750.00 1,839,750.00 1.835,325,00 1,848,600.00 1,857,325.00 1,848,47500 1,84860000 1,866,27500 1.879,92500 1.880,050.(8) 1,857.32500 12-01-29 59,156.25 71,625,00 71,625,00 67,20(1lm 80,47500 89,200.00 80,35000 80,475.00 98,150JX) 111,800no 111,925.00 89,20000 06-01-30 1.804,15615 1,816:62500 1,816,625.00 1.812,200.(8) 1,825,475.00 1,834,200.00 1.825,350,00 1,825,47500 1843,150.00 1,856,8W.00 1,856,92500 1.834.2001)11 12-01-30 32,981.25 4545000 45,450.00 41,025(I) 54,30000 54,300.00 45,45000 54,300.00 63,250.(X) 68,175180 77,025.00 54,30000 064)1-31 1,802,982115 1,815,450.00 1,915,450.00 1,811,025.00 1,824,300.00 1,824,300100 1,815,450,00 1,824,300,00 1,833,250.00 1,838,17500 1,847,02500 1824,300.1111 12-01-31 20,812.50 27,750.00 27,750.00 27,750.00 27.750.00 27,75(IIX) 27,750.00 27,750.00 3fi700.00 41,62500 41,6250(1 27.750,( 06-01-32 I,S10.812.50 1,817,7511.00 1,817,750 00 1,817,750.00 1,817,750 00 1,817,750.00 1,817,750.00 1,817,75000 1,826,700.00 1,831,625.00 1,831,625.00 1,817 750.00 12-01-32 7.387.50 9,850.00 9850.00 9,850.00 9,850.00 9,850.00 9,850.00 9,85000 9,850.00 14,775.00 14,77500 9,850,00 06-01-33 992,387.50 994,950.00 994,850.00 994,850.00 994,850.00 994,850.00 994,850.O0 994,850.00 994 850.00 999,77500 999,775.00 994,850.18) 12-01-33 26,719,374.65 26,980,761.11 26,980,761.11 26,894,670.28 27,152,94278 27,305,242.50 27,133,060.83 27,152,942.78 27,497,269.72 27,765,088.06 27,784,970.00 27,305,242.50 Par 22,405,000.00 22,405,O00.00 22,405,000.00 22,405,000.00 22,405,000.00 22,405,0(8).00 22,405,000.00 22,405001).l8) 22,405,000.00 22,405,M0.00 22,405,0000() 22,405,000.00 Accmed None None Noce None Noce None Noce No. None None Now None j Discount 2,966,00874 3,201,751.60 3,193,802.90 3074,227.14 3,311,192.84 3,454,211.06 3,284,86489 3,237,826.05 3544,594.10 3,781,188.30 3,788,311.71 3,334,57166 j 25,371,008.74 25,606,751.60 25,598,802.90 25,479,227.14 25,716,192.84 25,859,21106 25,689,864.89 25,642,826.05 25,949,594.10 26,196,188.30 26,193,311.71 25,739,572.66 TIC 0.990375% 0.999351% 1005366% 1034072% 1.040194% 1.041843% 1046392% 1.095655% 1.109708% 1.121726% 1.129790% 1.131968%, NIC 1,348,365.91 1374.009,51 1,381,958.21 1,415,443.14 1,436,749.94 1,446,031.44 1,443,195.94 1,510,116.73 1,547,675.62 1,578,899.76 1,591658.29 1,565669,84 Bid (25.17 1 0119 74) (25 61n,7i 1 01) (2ii988112.90) (25a79227.14) (2i,716.19284) (25,85)21106) (2�3689.86489) (2i 64282605( (25.,411,594.10) (26.186.I XX.:(II (26_N9 I171) (2, BW NS TM Huntington 25,371,008.74 1,348,365,91 0,990375% Raymond James 25,606,751 60 1,374,009,51 0.999351% Piper Sandler 25,598,802.90 1,381,958.21 L005366% Fifth Third 25,479,227.14 1,415.443.14 1.034072% KeyBanc 25,716,192.94 1,436,749.94 1.040194% Robert W.Bairtl 25,859,211.06 1.446.031.44 1,041843% Baker GmuP 25,689,864.89 1,443,195.94 1046392% Mesimw 25 642,826.05 I,510,116.73 1,095655% Janney Montgomery 25,949,594.10 1,547,675.62 1.109708% Jefferies 26,186,188.30 1,578,899.76 1.121726% 1.P.Morgan 26,193,311.71 1,591,658.29 1.129790% Hilltop Securities 25,739,572.66 1,565,669.84 1.131968% PFM Financial Advisors,LLC Date: 811012021: Time: 11:21 AM pfm SAVINGS City of Ames,Iowa Current Refunding of GO Series 2013 Present Value Prior Refunding Annual to 0910912021 Date Debt Service Debt Service Savings Savings 0.9466687% 09/09/2021 -90,581;94 -90,591.94 -90,581.94 12/01/2021 166,375.00 166,375.00 166,017.48 06/0U2022 1,461,375,00 1,533,692.57 -7231.7,57 3,475.49 -71,822.21 12/01/2022 146,950.00 177,893.75 -30,943.75 -30,587.01 06/01/2023 1,481,950.00 1,282,893.75 199,056.25 168,112.50 195,834.46 12l01!2023 126,925.00 150,268.75 -23,343.75 -22,857.73 06/01/2024 1,496,925.00 1,305,268.75 191,656.25 168,312.50 186,781.84 12/01/2024 106,375.00 121,393.75 -15,018.75 -14,567.82 06/01/2025 1,521,375.00 1,341,393.75 179,981.25 164,962.50 173,754.99 12/01/2025 85,150.00 90;893.75 -5,743.75 -5,518.93 06/01/2026 820,150,00 720,893.75 99,256.25 93,512.50 94,921.87 12/01,12026 74,125.00 75,143.75 -1,018.75 -969.67 06/01!2027 829,125.00 735,143.75 93,981.25 92,962.50 89,032.38 12/01/2027 62,800.00 58,643.75 4,156.25 3,918.84 06/01/2028 842,800.00 753,643.75 89,156.25 93,312.50 83,667.53 12'01/2028 51,100.00 41,268.75 9,831.25 9,182.55 06/01/2029 856,100.00 771,268.75 84,831.25 94,662.50 78,860.47 12/01!2029 39,025.00 23,018.75 16,006.25 14,809.56 06/01/2030 869,025.00 793,018.75 76,006.25 92,012.50 69,992.45 12/0112030 26,575.00 11,468.75 15,106.25 13,845.47 06/01/2031 881,575.00 801,468.75 80,106.25 95,212.50 73,074.63 12/01/2031 13,750.00 6,037.50 7,712.50 7,002.36 06/01/2032 893,750.00 811,037.50 82,712.50 90,425A0 74,742.87 12,762,718.06 11,605,755.07 1,156,962,99 1,156,962.99 1,098,534.44 Savings Summary PV of savings from cash flaw 1,098,534.44 Plus:Refunding funds on hand -1,141.57 Net PV Savings 1,097,392.87 Aug 10,2021 1.1.7 pm Prepared by PFM Financial Advisors LLC Page 4 PARITY Bid Form Page 1 of 2 Upcoming Calendar I Overview I Result Excel Huntington Securities, Inc. - Chicago , IL's Bid Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021 A For the aggregate principal amount of$22,405,000.00,we will pay you $25,371,008.74, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 1 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1600 113.168 06/01/2025 2,330M 5.0000 0.2700 117.531 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7000 128.209 06/01/2029 1,725M 5.0000 0.8000 131.411 06/01/2030 1,745M 3.0000 1.0500 114.436 06/01/2031 1,770M 1.3750 1.3750 100.000 06/01/2032 1,790M 1 1.5000 11.5000 100.000 06/01/2033 985M 1.5000 1.6000 98.933 Total Interest Cost: $4,314,374.65 Premium: $2,966,008.74 Net Interest Cost: $1,348,365.91 TIC: 0.990375 Time Last Bid Received On:08/10/2021 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: Huntington Securities, Inc., Chicago , IL Contact: Jim Van Metre Title: Telephone:312-443-1555 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 upcoming Calendar I Overview IResult I Excel Raymond James &Associates, Inc. -St. Petersburg , Ws Bid .;.: : . Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you$25,606,751.60, plus accrued interest from the date of issue to the date of delivery.The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon%Yield %Dollar Price 06/01/2022 2,345M 1 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1600 113.168 06/01/2025 2,330M 5.0000 0.2800 117.490 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.6800 128.361 06/01/2029 1,725M 5.0000 0.7800 131.586 06/01/2030 1,745M 3.0000 0.9800 114.997 06/01/2031 1,770M 2.0000 1.2500 105.507 06/01/2032 1,790M 2.0000 11.3300 104.904 06/01/2033 985M 2.0000 11.3700 104.603 Total Interest Cost: $4,575,761.11 Premium: $3,201,751.60 Net Interest Cost: $1,374,009.51 TIC: 0.999351 Time Last Bid Received On:08/10/2021 11:00:00 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., St. Petersburg , FL Contact: Robbie Specter Title: Managing Director Telephone:727-567-1293 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityBi... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar I Overview IResult I Excel Piper Sandler& Co - Minneapolis , MN's Bid . rm E. - Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you $25,598,802.90, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.2000 113.050 06/01/2025 2,330M 5.0000 0.2500 117.613 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.6000 124.736 06/01/2028 1,710M 5.0000 0.7200 128.058 06/01/2029 1,725M 5.0000 0.8200 131.236 06/01/2030 1,745M 3.0000 1.0000 114.836 06/01/2031 1,770M 2.0000 1.2000 105.886 06/01/2032 1,790M 1 2.0000 11.3000 105.129 06/01/2033 985M 1 2.0000 11.3500 104.753 Total Interest Cost: $4,575,761.11 Premium: $3,193,802.90 Net Interest Cost: $1,381,958.21 TIC: 1.005366 Time Last Bid Received On:08/10/2021 10:59:02 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 Sandler&Co, Minneapolis , MN Contact: Darci Doneff Title: Managing Director Telephone:612-303-2116 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityBi... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar Overview Result Excel P 9 Fifth Third Securities, Inc. - Cincinnati , OH's Bid ;A3A rV- Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you$25,479,227.14, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1700 113.138 06/01/2025 2,330M 5.0000 0.2800 117.490 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7100 128.133 06/01/2029 1,725M 5.0000 0.8200 131.236 06/01/2030 1,745M 3.0000 1.0500 114.436 06/01/2031 1,770M 1.5000 1.3300 101.243 06/01/2032 1,790M 2.0000 1.4800 103,783 06/01/2033 985M 2.0000 11.6200 102.748 Total Interest Cost: $4,489,670.28 Premium: $3,074,227.14 Net Interest Cost: $1,415,443.14 TIC: 1.034072 Time Last Bid Received On:08/10/2021 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: Fifth Third Securities, Inc., Cincinnati , OH Contact: Geoff Kobayashi Title: Telephone:513-534-5535 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityBi... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar I Overview IResult I Excel KeyBanc Capital Markets -Cleveland , OH's Bid j .. Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you $25,716,192.84, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1300 103.541 06/01/2023 2,315M 5.0000 0.1500 108.365 06/01/2024 2,315M 5.0000 0.1900 113.080 06/01/2025 2,330M 5.0000 0.3200 117.328 06/01/2026 1,685M 5.0000 0.4700 121.155 06/01/2027 1,690M 5.0000 0.6000 124.736 06/01/2028 1,710M 5.0000 0.7200 128.058 06/01/2029 1,725M 5.0000 0.8500 130.974 06/01/2030 1,745M 3.0000 1.0000 114.836 06/01/2031 1,770M 3.0000 1.1000 114.038 06/01/2032 1,790M 2.0000 11.4000 104.379 06/01/2033 985M 2.0000 11.5000 103.634 Total Interest Cost: $4,747,942.78 Premium: $3,311,192.84 Net Interest Cost: $1,436,749.94 TIC: 1.040194 Time Last Bid Received On:08/10/2021 10:43:25 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: KeyBanc Capital Markets, Cleveland , OH Contact: Robert Bond Title: Managing Director Telephone:720-904-4571 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar IOverview Result I Excel Robert W. Baird & Co., Inc. - Milwaukee , WI's Bid Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021 A For the aggregate principal amount of$22,405,000.00,we will pay you $25,859,211.06, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon%Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1500 103.526 06/01/2023 2,315M 5.0000 0.1600 108.347 06/01/2024 2,315M 5.0000 0.2000 113.050 06/01/2025 2,330M 5.0000 0.2900 117.450 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.6900 128.285 06/01/2029 1,725M 5.0000 0.8000 131.411 06/01/2030 1,745M 4.0000 0.9200 122.923 06/01/2031 1,770M 3.0000 1.0500 114.436 06/01/2032 1,790M 2.0000 11.3000 105.129 06/01/2033 985M 1 2.0000 11.40001 104.379 Total Interest Cost: $4,900,242.50 Premium: $3,454,211.06 Net Interest Cost: $1,446,031.44 TIC: 1.041843 Time Last Bid Received On:08/10/2021 10:54:54 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: Peter Anderson Title: Te l ephone:414-765-7331 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.new issuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar I Overview I Result I Excel The Baker Group - Oklahoma City , OK's Bid Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you$25,689,864.89, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.2000 113.050 06/01/2025 2,330M 5.0000 0.3000 117.409 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5500 125.056 06/01/2028 1,710M 5.0000 0.7000 128.209 06/01/2029 1,725M 5.0000 0.8000 131.411 06/01/2030 1,745M 4.0000 0.9100 123.006 06/01/2031 1,770M 2.0000 1.2000 105.886 06/01/2032 1,790M 2.0000 11.3000 105.129 06/01/2033 985M 2.0000 11.3500 104.753 Total Interest Cost: $4,728,060.83 Premium: $3,284,864.89 Net Interest Cost: $1,443,195.94 TIC: 1.046392 Time Last Bid Received On:08/10/2021 10:59:54 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: The Baker Group, Oklahoma City , OK Contact: Scott Fletcher Title: Tele ph o ne:405-415-7332 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar Overview I Result I Excel Mesirow Financial, Inc. - Chicago , IL's Bid .:' rm Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you$25,642,826.05, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% Yield% Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1800 113.109 06/01/2025 2,330M 5.0000 0.2900 117.450 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7000 128.209 06/01/2029 1,725M 5.0000 0.8000 131.411 06/01/2030 1,745M 3.0000 1.0500 114.436 06/01/2031 1,770M 3.0000 1.1500 113.641 06/01/2032 1,790M 2.0000 1.5000 103.634 06/01/2033 985M 1 2.0000 1.6000 102.895 Total Interest Cost: $4,747,942.78 Premium: $3,237,826.05 Net Interest Cost: $1,510,116.73 TIC: 1.095655 Time Last Bid Received On:08/10/2021 10:58:28 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: Mesirow Financial, Inc., Chicago , IL Contact: Stephen Murphy Title: Telephone:212-530-7661 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=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 upcoming Calendar I Overview IResult I Excel Janney Montgomery Scott LLC - Philadelphia , PA's Bid Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00, we will pay you $25,949,594.10, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield%Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1300 108.401 06/01/2024 2,315M 5.0000 0.2000 113.050 06/01/2025 2,330M 5.0000 0.3000 117.409 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7500 127.831 06/01/2029 1,725M 5.0000 0.8500 130.974 06/01/2030 1,745M 4.0000 1.0600 121.757 06/01/2031 1,770M 3.0000 1.2300 113.008 06/01/2032 1,790M 3.0000 11.33001 112.224 06/01/2033 985M 2.0000 11.70001 102.162 Total Interest Cost: $5,092,269.72 Premium: $3,544,594.10 Net Interest Cost: $1,547,675.62 TIC: 1.109708 Time Last Bid Received On:08/10/2021 10:56:23 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: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar Overview I Result I Excel Jefferies LLC - New York , NY's Bid ,: � - Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you $26,186,188.30, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$ Coupon% Yield% Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1700 113.138 06/01/2025 2,330M 5.0000 0.2900 117.450 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7000 128.209 06/01/2029 1,725M 5.0000 0.8200 131.236 06/01/2030 1,745M 5.0000 0.9300 130.279 06/01/2031 1,770M 3.0000 1.3000 112.459 06/01/2032 1,790M 3.0000 1.4000 111.679 06/01/2033 985M 1 3.0000 1.4500 111.291 Total Interest Cost: $5,360,088.06 Premium: $3,781,188.30 Net Interest Cost: $1,578,899.76 TIC: 1.121726 Time Last Bid Received On:08/10/2021 10:59:05 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: Jefferies LLC, New York , NY Contact: Nate Baldasare Title: Telephone:212-284-4656 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=parityBi... 8/10/2021 I` li PARITY Bid Form Page 1 of 2 Upcoming Calendar I Overview IResult I Excel J.P. Morgan Securities LLC - New York , NY's Bid ..a AN Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021A For the aggregate principal amount of$22,405,000.00,we will pay you $26,193,311.71, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon%Yield %Dollar Price 06/01/2022 2,345M 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.1700 113.138 06/01/2025 2,330M 1 5.0000 0.2800 117.490 06/01/2026 1,685M 5.0000 0.4500 121.259 06/01/2027 1,690M 5.0000 0.5800 124.864 06/01/2028 1,710M 5.0000 0.7200 128.058 06/01/2029 1,725M 5.0000 0.8500 130.974 06/01/2030 1,745M 4.0000 1.0100 122.172 06/01/2031 1,770M 4.0000 1.1300 121.179 06/01/2032 1,790M 3.0000 1.4300 111.446 06/01/2033 985M 3.0000 11.5200 110.751 Total Interest Cost: $5,379,970.00 Premium: $3,788,311.71 Net Interest Cost: $1,591,658.29 TIC: 1.129790 Time Last Bid Received On:08/10/2021 10:59:56 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: J.P. Morgan Securities LLC New York NY Contact: Brian McGann Title: Associate Telephone:212-834-7155 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021 PARITY Bid Form Page 1 of 2 Upcoming Calendar IOverview I Result I Excel HilltopSecurities - Dallas , TX's Bid M W . Ames $22,405,000 General Obligation Corporate Purpose and Refunding Bonds, Series 2021 A For the aggregate principal amount of$22,405,000.00,we will pay you $25,739,572.66, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount$Coupon %Yield %Dollar Price 06/01/2022 2,345M 1 5.0000 0.1000 103.563 06/01/2023 2,315M 5.0000 0.1200 108.420 06/01/2024 2,315M 5.0000 0.2500 112.904 06/01/2025 2,330M 5.0000 0.3700 117.124 06/01/2026 1,685M 5.0000 0.5300 120.842 06/01/2027 1,690M 5.0000 0.6600 124.354 06/01/2028 1,710M 5.0000 0.8000 127.455 06/01/2029 1,725M 5.0000 0.9200 130.365 06/01/2030 1,745M 4.0000 1.0500 121.840 06/01/2031 1,770M 3.0000 1.1800 113.403 06/01/2032 1,790M 2.0000 1.4300 104.155 06/01/2033 985M 1 2.0000 11.5500. 103.264 Total Interest Cost: $4,900,242.50 Premium: $3,334,572.66 Net Interest Cost: $1,565,669.84 TIC: 1.131968 Time Last Bid Received On:08/10/2021 10:59:50 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: HilltopSecurities, Dallas ,TX Contact: William Evans Title: Managing Director Tel a pho ne:214-859-9421 Fax: Issuer Name: City of Ames Company Name: Accepted By: Accepted By: Date: Date: https://www.newissuehome.i-deal.com/Parity/asp/main.asp?frame=content&page=parityB i... 8/10/2021