HomeMy WebLinkAboutA020 - Memo from City Treasurer dated November 16, 2022, with executed bonds 1-12 Hall, Renee
From: Wisecup, Roger
Sent: Wednesday, November 16, 2022 12:04 PM
To: Hall, Renee
Subject: GO 2022A Bonds
Attachments: 1118_001.pdf
Hi Renee,
Attached are the executed bonds for your records. These will be closing on Tuesday.
Let me know if you have any questions.
IZooer J. Wisecup Il, CPA
luvestinent Officer/Treasurer
515.239.5119 office
Rogermisecup2citVofames.orq JCity Hall, 515 Clark Avenue I Ames, IA 50010
www.CityofAmes.org Caring People — Quality Programs — Exceptional Service
From: canon@cityofames.org <canon@cityofames.org>
Sent: Wednesday, November 16, 2022 12:06 PM
To: Wisecup, Roger<roger.wisecup@cityofames.org>
Subject: Attached Image
1
UNITED STATES OF AMERICA
STATE OF IOW A
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No. 1 $1,200,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2023 November 22,2022 030807 3G4
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
ONE MILLION TWO HUNDRED THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June i and December I of each year,commencing June I,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastrroum impawements; (3)acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on November 8,2022,authorizing and approving
the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is heieby made to the Resolution an
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
If less than all of tine Bonds of any like maturity are to he redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in past in one or more units of$5,000, If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reseves,and exercises the right trf rtxlemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to beat'interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written'inStrUment of transfbf'satisfactory to the Registrar or the tissignment-form hereon completed and duly executed by-the registered'owner or the duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all acts,conditions and things required by lire laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional pr statutory limitations.
IN ESTIMONY WHEREOF,the City or Anves, Iowa,by its City Council,has caused.this Bond to be.executed with the duly authorized facsimile
signatwc of its Mayor and attested with the duly authorized racsimile signature of its City Cl—k,as of November 22,2022.
signature of Its IVIayUI"allu altebtcu wittl t11C UUIy tIUlIIOIIZCU ldVJ me J1E,11-11—rw-11y - ,--
CITY AMELS,LIOWA
By
[� Mapar
City clok
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By -
City -r surer
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws of
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with fight of survivorship As Custodian forand not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint Attorney,to transfer this Bond on the books kept for regisUation thereof with full
power of substitution.
Dated: _
Signature guaranteed:
(,Signature guarantee must be'provided in aceoldance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appeals on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.2 5740,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2024 November 22,2022 030807 3112
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
SEVEN HUNDRED NINETY THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per amrum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December I of each year,commencing June 1,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(tire"Bonds")issued by the City to evidence its obligation
under-a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3)acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on November 8,2022,authorizing and approving
the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution").and reference is hereby made to the Resolution and
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds,
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot, The Bonds maybe called in part in one or more units of$5,000, if less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a-written-instrument of transfer satisfactory to the Registrar or the assigmnent form hereon completed and duly'execmted by the registered owner or the duly
authorized attorney for such registered owner,
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest'on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional Qr statutory limitations,
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council, has caused.this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 22,2022.
CITY OF�A�M�ESS,�IIOW�ABy
Mnyor
A31so`T/�1, -
City Crmk
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By � �
Cit 'r urea
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties _ (Custodian)
1T TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint Attorney,to transfer this Bond on the books kept for registration therebf with full
power of substitution.
Dated: �.
Signature guaranteed:
(-Signature guarantee must be'provided in aceordanee with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the game of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.3 r $830,000
RATE MATURITY DATE BOND DATE CUSiP
5.00% June 1,2025 November 22,2022
030807 3.18
The City of Armes(tile"City"),in Story County,state of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
EIGHT HUNDRED THIRTY THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June I,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity cony be or become applicable hereto interest on this Bond is prayohle to the registertxl Owner
appearing o€r the registration books of the City at[he close,of business Lilt the fifteenth day of the month next prcccdiug the,interest payment date,and shall be paid
to the registered owner at the address shown on such registration hooks. interest sfutll be cafculatcti on the basis of a 360-day yeti'comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
Thi$Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing snvct,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improveritents; (3)acquiring and installing street lighting, signage and signalizatiou improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal free station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021 and all tither laws
amendatory thereof and supplemetrtal thereto,and in conformity will)a resolution of[lie City Council,adapted on November 8,2022,authorizing and approving
and iefj dunce is hereby made to the Resoltition and
the Loan Agreement for a more complete statement
issuance and recur' y
e Loan Agreement P g � erg the payment if the Bonds Rtserlutiari"),
statement as to the source of payment of the Bonds and the rights of the owners of the Bands.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terns of par and accrued interest. If less than all of the Bonds,of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
II'less than all of tile Bonds of any like maturity are to he r'edeerned,the particular part of those Bonds to he redeemed shall be selected by the Registrar
by lot. Tho Bonds may be called in part in one or more units of$5,000, If less than the entire principal amount of auy Bond in a t]enomination of nrohe than$5,000
is to be redeemed, the Registrar will issue and deliver to tine,registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized de€romination,in a total aggregate principal amount equal to the unticdeenned balance of the original Bond. Notice of such rct:lenlption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeered shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed ftrl•redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the pity rlservcs and exercises the right of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a-written instrtlrtlent of transfer satisfactory to the Registrar or-the assignment form herebn completed-and dully executed by the registered owner or the duly
authorized attorney for such registered owner,
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all acts,conditions and things requited by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been made for the levy ore sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any
constitutional or•statutory limitations.
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council,has caused-this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Cleric,as of November 22,2022.
CITY OF AMES,IOWA `
By4
Mayer
Aaeyr:
City Clerk _.
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Regimrar
By
4itC surer 4
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with light of survivorship As Custodian for - — (Minor)
and not as tenants in common
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint _ _..,Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated:
Signature guaranteed:
.........._._......
(Signature guarantee must beprovided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signatul.0 to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CiTY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.4 $875,000
1
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2026 November 22,2022 030807 3K5
The City of Ames(thc"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
i
or registered assigns,the principal sum of
EIGHT HUNDRED SEVENTY THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter refened
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June I,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainages and incidental infrastructure improvements; (3) acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of-Chapters 76 and 384 of fhc Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of Ilia City Council,adopted on November 8,2022,authorizing and approving
the Loan Agreement and providmgfor the'issuance erid sectuing the payment of the Botids(ihe"Rts lttiitrsi');and referi nee is herby rttadc to Ilse Rs solu[iort are
the Loan Agreement fora more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
It'loss than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in part in one or more units 015,000, If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses§hown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient ur pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the r+wriers of Ilia Bonds called for
redemption in Me same manner as the original redemption notice was sent. All or such Bonds as to which the City reserves and cxcrcises the light of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a writtbn instrument of transfer satisfactory td'the Registrar or the assignment fohn hereon cbtndlete&and duty aetuted by the registered owner or the'duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar-and the Paying Agent
shall not be affected by any notice to the contrary.
And It is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City,including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council, has caused this Bond to be,executed with the duty authorized Facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 22,2022,
AMES CITY OF ,IOWA
By
Mayor �..
City Clerk
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
B 4T 'U-rCr- --
—w4*
City
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
IT TEN as joint tenants with right of survivorship As Custodian forand not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint — Attomey,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated:
Signature guaranteed:
(Signature guarantee must be'piovided in aceordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
_— __
NO TICE: The signature to this Assignment—._- must con'espond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CiTY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.5 $915,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2027 November 22,2022 030807 3 L3
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
NINE HUNDRED FIFTEEN THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter refer-ed
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,tit file rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June 1,2023,except as the provisions
hereinafter set forth with respect to redemption prior to ruaunity may be or become applicable licreto. lrocwst on this Bond is payable to'tic registered owner
appearing on the registration books of the City at the close of business an the fifteenth day of the month next preccdiog the interest payment data,and shall lac paid
to the registered owner at file address shown on such registration books. Interest shall he calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(tile"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(])constructing,furr»slting and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3) acquiring and installing street lighting, signage and signaliratimi improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa, 2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City C'ouucil,adopted on November 8,2022,authorizing and approving
the Loari Agreement and providing for the issuance and'securing the payment of the Bonds(the"Resolution''),and-reference is hereby made to the Resolution and
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
If less than all of the Bonds of any like iaturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by cite Registrar
by lot. Tlie Bonds may be called in part in one or more units of$5,000. If less than the entire principal ammount of any Build in a denomination of rnoly than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered ownel'thereof, upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination;in a total aggregate principal amount equal to the unredeemed balance of the original Bond, Notice ot•such retfernption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be rycleemed shall be sent by electronic morns or mailed by ccilified nail to the registered owners thereof at
the addresses showrl on the City's registration books not less than 30 clays prior to such redemption date. Any notice of redemption may contain a statement dial
the reclemplihn is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for reoleniption sufficient to pay the mrlcmption price ofthe
Bonds so called for redeuption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redcmptfeni in the same manner as the original redemption notice was sent.. All of such Bonds as to which the City reserves and exercises the right or redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is filly negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Regisoar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
'a-written instrument of transfer satisfactory to the Registrar or the assignment form heredn-cotttpleted and'dilly executed by the registered ownefbr-the duty
authorized attorney for such registered owner.
The City,the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of ptncipal horcof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all scis,conditions and things required by the laws and Callstitut&in of the Stale of town,to exist,to be had,
to be done or io be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and pcifonned in regular and due form
and time;that provision has been made for the levy ofa sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council,has caused.this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with(lie duly autholized facsimile signature of its City Cleric,as of November 22,2022,
CITY OF AMES,IOWA
By 1
(;i9y clerk
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar ////
By -i5'--
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they wets written out in full according to applicab10 laws or
regulations:
regulations:
TEN COM as tenants in common UTMA �
TEN ENT as tenants by the entireties (Custodian)
]T TEN as joint tenants with tight of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee) k
PLEASE INSERT SOCIAL SECURI-I'Y OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint. Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated: m —
Signature guaranteed:
(Signature guarantee must be'prvvided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guatanteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assigtunent must correspond with the flame of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CiTY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.6 $960,000
RATE MATURITY DATE BOND DATE CUSiP
5,00% June 1,2028 November 22,2022 030807 3M I
The City of Ames(Are"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
NINE HUNDRED SIXTY THOUSAND DOLLARS
in(awful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar'or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June i and December i of each year,commencing June I,2023,except as the provisions
hereinafler set forth with respect to redemption prior to maturity may be or become applicable hereto, interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment dale,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3)acquiring and installing street lighting, signage and signalization improvements; (4)acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on November 8,2022,authorizing and approving
the Loan Agreement ind providing foi We issuance ind securing the paymenTof`the-Borids-(the"Resolution"),end-reference is hereby made to the Resolution and-
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the tight to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June i,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like ratwity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
if less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
Thit Bond is fully negotiable but shall be fully registered as to both principal and interest in the nanro of the owner on the books of the City in the office
of the Registrat,after which no transfer shall be valid unless made on said books and their only upon presentation of this Bond to the Rcgislrar,together with either
'&'written instrument of transfer satisfattory to the Registrar or the assigm5ient form heredn evmpleted ond'duly c;xecuted by the registered own&or the duty
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And it Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been trade for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Anus, Iowa,by its City Council,has caused this Bond to be executed with the duty authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 22,2022.
CITY OFAMtt ES,IOWAppd
ByYt��jj��4� `�
Moyor
t?Iry-Clot#
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
Ci y 'i treat
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint _ Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated: - - ---
Signature guaranteed:
(Signature guarantee must Wprovidod in accordance with the prevailing standards and "
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
f
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
i $1,010,000
No.7
RATE MATURITY DATE BOND DATE CUS1P
5.00% June l,2029 November 22,2022 030807 3N9
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
ONE MiLLiON TEN THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as lire"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at tire rate per antrum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June I and December 1 of each year,commencing June 1,2023,except as the provisions
hereinufter set forth will,rospect to redemption prior to maturity may he or become applicable hereto. Interest on this Build is payable it,the registered owner
appealing on the registration books of the City at the close of business on the fiftaenth dory of the rtromth next pre"--ding the interest payment date,and shall be paid
to the registered owner at the address shown oil such registration books. lntctW shall be calculated on the basis Ora 360-day year comprised of twelve 30•day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(tire"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing anti equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructures improvements; (3)acquiring and installing street lighting,signage and signalizalion improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza intprovernents;and(6)undertaking concrete surfacing improvements
for a municipal{ftre station.
'nic Bemis are issued purruant to and in suict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,anti all Other laws
amendatory thereof and supplemental thereto,and in confOrtnity, with a re"sohrtion of the City Council,adopted on November 8,2022,authorizing and approving
the Loan Agrcelliclrt and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is heroby made to lice Resoltrtlon-altd
the Loan Agrefrnent for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the tight to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the$articular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in pail in one or more units of
$5,000.
if less titan all of tine Bonds of any like maturity are to be redecrnt-A the particular part of thuse Bonds to be redecanexf shall be selected by the Registrar
by lot. Thu Bonds may be called in part hr one Or mare units Of$5,000. If less than the entire principal amount(if any Bond in a denomination of nuryrc than$5,000
is to be red='ped, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond,a new Bond or Bonds,in any
authorized desnornhratiom, in a total aggregate principal amount equal to the unredeemed balance of the Original Berm). Notice of such rcdenlptiOn as afore aid
idcnlifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic morns or mailed by certified mail to the registered Owners thereof at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice or redemption uray contuin a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the rulcmptioli price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Boruls called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the tight of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on tire redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactbry to the Registrar or th8 assignment-fotm hereon completed and duly executed by the registered-owner-a the duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all ucls,conditions and things rr uhed by the laws au(1 Cerrutitutiun of the State of fowar,la exist,to be had,
to be done or to be perfonned precedent to and in tire issue of this Bond were and have been properly existent,had,[](tile and perfol"103 hr tcguW and due form
and time;that provision has been made for the levy nfa sufficient continuing arurual tax on till the taxable property within the City her the payment of the principal
of and interest On this Bond as lire same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF, the City of Ames, Iowa,by its City Council,has caused this Bond to be,executed with the duty authorized facsimile
signature of its Mayor and attested with the duly authorized I'acsimile signature of its City Clerk,as of November 22,2022.
CITY OF AMES,IOWA�A
By
Mayor
Ahver. y l Iez-t
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
Acity rer
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
IT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
_ . __............,......._.._
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint _1 Attorney, to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated: _,,_,
Signature guaranteed:
FBignature guarantee must be'provided in beeordanee with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the tame of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF iOWA
STORY COUNTY
CITY OF AMES
i
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No,8 $1,060,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2030 November 22,2022 030807 3P4
Thd City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the mattuity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
ONE MILLION SIXTY THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annurn specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June I and December 1 of each year,commencing June 1,2023,except as the provisions
hereinafter set forth with respect to redemp iou prior to insanity may be or become applicable hereto. interest on this Bond is payable to the registered uwnur
appearing on the registration books of the City at the close of business on the fifteenth day oftltc month next preceding the interest payment date,and shall be paid
basis Of a 360-day year compriserl a twelve 3(t-day
to the registered owner at the address shown oil such registration books. Interest shall be calculated on the
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the'Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3)acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of lows,2021 and all other laws
mrnendalmy thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on November 8,2022,authorizing and approving
the Laan Agreement and providing for the issuance and securing the payment i f the Bonds(ilia"Resolution".),and refcrcrrce is hereby trade to the RcsOlutian end
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of matulity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bands of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
If less than rill of the Bonds of ally like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bands may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to ilia registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds,in any
authorized dentnrminatiOn,in a total aggregate principal amount equal to the unrcdeemcel balance of the original Bond. Notice of such redemption as aforesaid
identifying thei Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified utnii to the registered otvnets tterenf at
the addresses Shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a staterrrcnt that
the redemption is conditioned upon the receipt by the Paying Agent of funds ern or before the date fixed for redemption sufficient to pay tire redemption price of die
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right ill*redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to beat'interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument oftransfer-stitisfactory to the Registrar or the assigmhent-form hereon'completed and duly executed by the registered Owner or the duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It is Hereby Certified and Recitcol that all acts,conditions find things required by ilia laws rued Constitution of the Stale of Iowa,to exist,to be had,
to be done or to be perforniLd precedent to and in the issue of this Bond were and have been properly existent,had,done and performsJ in regular and due film)
and time;that provision has been made for the levy of a sufficient continuing annual tax on all tite taxable prmperty within the City for the payment of the principal
of and interest'on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Antes, Iowa,by its City Council,has caused this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 22,2022.
CITY OF AME/SJ,IOWA
By
Arrse�:
__4)44
City Clerk
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registt�t
B �/�' q �.d._.__
i t urcr
ABBREVIATIONS
The following abbreviations, when used in this Bond,shall be construed as though they were written out in full according to applicable laws or
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with tight of survivorship As Custodian for _
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated:
Signature guaranteed:
(Signature guarantee must be,provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
N6I'ICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CiTY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No.9 $1,1 15,000
RATE MATURITY DATE BOND DATE CUSiP
5.00% June 1,2031 November 22,2022 030807 3Q2
ThelCity of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
i
or registered a�signs,the principal surn of
ONE MILLION ONE HUNDRED FIFTEEN THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the °`Registrar"or the"Paying Agent"),with micrest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most rercnt interest payment date on which interest has been paid,on June I and December I of each year,commencing June 1,2023,except as the provisions
hcreinalicr set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar,
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3) acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with Use provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
snrriendatory themcf and supplemental thereto,_and in con1brinity with a resolution(if the City Council,adopted on November 8,2022,authorizing and approving
—-- - - — -
the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to ilia Resolution an
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terns of par and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000,
If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination,in a total aggregate principal amount equal to the unredenined balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereol)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners titurenf at
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in;the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the fight of redemption
and as to whic)r notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
dale.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made oil said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument ofiransfer satisfactory to the Registrar orthe assignment fonn'Hbreon completed and duly executed by the registered owner or the duly'
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular-and due form
and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council, has caused this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 22,2022.
CITY OF AMES,IOWA
By
Mny6r
City Clcrk
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
40ro imer
ABBREVIATIONS
The following abbreviations, when used in this Bond,shall be construed as though they were written out in full according to applicable laws or
regulations:`
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint ._„ _ _.._.w.� Attorney,to transfer this Bond on the books kept for registration thereiof with full
power of substitution.
Dated:
Signature guaranteed:
(.Signature guarantee must be'provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF iOWA
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No. I Q 1,170,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June I,2032 November 22,2022 030807 3R0
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principalsurn of
ONE MiLLiON ONE HUNDRED SEVENTY THOUSAND DOLLARS
in lawful money of the United Stales of America upon presentation and surrender ofthis Bond at the office of tine City Treasurer,Ames,Iowa, (hciviralfer referred
to as the"Registrat"or the"Paying Agent"),with interest ern said sum,until paid,at the rate per annuu specified above,from the date of this Band,or from Ilia
most recent interest payment date on which interest has been paid,on June 1 and December I of each year,commencing June I,2023,except as the PrOvisians
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appearing on the registration books of the City at the close of business on the Fifteenth day of the month next InvNeding the interest payment date,and shall be paid
to the registered owner al the address shown on such registration books, interest shall be calculated art the basis of a 360-day year coitrprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a cwialn loan agreement,dated as of November 22,2022(lire"Loan Agreement"),umeted into by the City fur the purpose of paying tile cuss,it)that extent,
of(1)coostucling,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,hridge sidewalk,store
water drainage and incidental infiastucture intprnvctnenls; (3)acquiring and installing street lighting, sign age and signalization improvenacnts; (4)acquiring
vehicles and equipment Inr the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing imprvvd n ntc
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chaptens 76 send 384 of the Cade of Iowa,2021,and all other lows
amendatory thereof and supplemental thereto,and in confr)mnily Willi a resolution of the City Council,adopted on November 8,2022,authurixing and approving
Oic Loan Agreelnenl and providing for the issuance and securing the paymetnt oftho Bouds(the°'lZwse)lutian ),and rdferditut:is-hereby-made to tic Rosalution_. ---the Loan Agreement for it more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or or)any date thereafter upon terns of pat'and accrued interest. if less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bands to be rodecmcei shall he selected by the Registrar by lot. The Bonds may be called in part in one or more units of
S5,000.
If less that)all of the Bonds of any like maturity are to be redeemed,the particular putt of those:llartds to be redeemed shall be selected by the Registrar
by let. The Boils may be called in Part in tine or more units of$S,Ot)0. if less than the entity principal anxmnt orally Bonet it,a of olorc than b5,000
denaurinauon
tr
is to be redeemed, the Registrar will issue and deliver to the tegistered owner the f., upon) sunendar of such original Bond.a new Band u) Bends, in any
authotiml denomination,in total aggregate principal amount equal to the unredeunted balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by coursed mail 10 the registered owners thereof ul
the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain 0 statement that
the redoniption is conditioned upon Ilse receipt by tits Paying Agent of funds on or before the data fixed for redemption sufficient to lacy the redemption pried of the
Bonds so called for redemption,and that if funds are not available,such redemption shall he cancelled by written notice to the owners of the Bonds called for
redemption in the same mariner as the original redemption notice was sent. All of such Bonds as to which tine City reserves and exercises the right of redemption
toll as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be Belly registered as to both principal and interest in the narnc of the owner on the hooks of the City in the office
of the Registrar,after which no ttnsfer shall be valid unless made ore said books and then only upon presentation)of this Bond to the Registrar,together with either _e
a writtbn instrument of transfer satisfactory°to tine Registraaf or'-dre assignmdht"fann hereon cntnpleled and duly executed by The registered owner or the duly
authorized attorney for such registered owner.
The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary,
And it is Hereby Certified and Recited that all acts,conditions and tbings required by the laws and Constitution of the Stand of Iowa,to exist,to be had,
to be done or to bun periorned Precedent to and it,the issue of this Bond were and have been properly existent,had,done and pdrfornetd in regular and due In=
and time;that provision has been trade for the levy of a sufiicient continuing annual tax air all the taxable property within the City for lire payment of due principal
of and interest nn this Bond as the same will respectively become dire;antd that the total indebtedness Of the City, including this Band,does not exceed any
constitutional or statutory limitations.
IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council,has caused-this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested wish the duly authorized facsimile signature of its City Clerk,as of November 22,2022.
CITY OF AMES,IOWA
Bye`-�������'
Mnybr ._�___....
Ahcul:
City CCerp
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar ,pp
k/ ZL
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint _. , Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated: _._. —._........_. _—
Signature guaranteed;
(£ignature guarantee must be'provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF IOWA
STORY COUNTY
CITY OF AM£S
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No. 11 $1,225,000
RATE MATURITY DATE BOND DATE CUSIP
5.00% June 1,2033 November 22,2022 030807 3S8
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
ONE MILLION TWO HUNDRED TWENTY-FIVE THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred
to as the"Registrar'or the"Paying Agent"),with interest on said sum,until paid,at the rate per annual specified above,fiom the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June I and December I of each year,commencing June 1,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner
appealing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(tire"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3) acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for a municipal fire station.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted on November 8,2022,authorizing and approving
the Loan Agreement and provrding�a the issuance and securing the payment of the Bondi;(the"Resolution'");and reference if hereby aladeto the Resolution and
the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay pan or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,priur to and in any
order of maturity on June I,2030,or on any date thereafter upon terns of par and accrued interest. If less than all of the Bonds of any like maturity are to be
redeemed,theparticutar part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000.
If less than all of the Bonds of any like maturity are to be,,redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in par ill talc or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any
authorized denomination, in a total aggregate principal amount equal to the unmdeerned balance of the original Bond. Notice of such redemption as aforesaid
identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at
the addresses jhown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that
the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the dale fixed for redemption sufficient to pay the redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption
and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory'to the RegistroY-or-tire assignmehrfonn hereon completed and duly executed byZhe registered owner of the duly
authorized attgmey for such registered owner.
The City,the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and per•fonned in regular and due form
and time;that Provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional or statutory limitations.
IN TES IMONV WHEREOF, the City of Antes, Iowa,by it.City Counoil, bas c uscd.thia Bond to bc.exc rtcd with dtc duly rm borizcd Facsimile
s:gnrtmc of its Mayor and rua,st v-d wtth the duly nutho,i zed tics msile s:gnatuto of it,City Clerlca as of November 22,Z022.
CITY OF-m Es,
1—
IN l-ES"1-IMONY WHEREOF,the Cily of Am s, Iowa, by its City--it. has a aed. his [3ond to be exec red with the duly a..nbonzed f®esi mile
s:gnaturc of its Mayor and attccted with the duly amhorizedct'neci male signature ofit,City C--'as or November 22,Z022-
CITY OF—MES,IOW-
By
/// Mayor
City Ctok
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registr r
B '` �ry
i casts er
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations:
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
JT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint�._..� __ Attorney, to transfer this Bond on the books kept for registration thereof with full
power of substitution,
Dated: __
Signature guaranteed:
(Signature guarantee must be'pmvided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
_m_.,_
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever.
UNITED STATES OF AMERICA
STATE OF iOWA
STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2022A
No. 12 $1,290,000
RATE MATURITY DATE BOND DATE CUSIP
4.00% June 1,2034 November 22,2022 030807 3T6
The City of Ames(the"City"),in Story County,State of lows,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,New York
or registered assigns,the principal sum of
ONE MILLION TWO HUNDRED NINETY THOUSAND DOLLARS
in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter refen•ed
to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June 1,2023,except as the provisions
hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner-
appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid
to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day
months.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2022A(the"Bonds")issued by the City to evidence its obligation
under a certain loan agreement,dated as of November 22,2022(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,
of(1)constructing,furnishing and equipping an indoor aquatic center and associated grounds and facilities;(2)constructing street,alley,bridge,sidewalk,storm
water drainage and incidental infrastructure improvements; (3)acquiring and installing street lighting, signage and signalization improvements; (4) acquiring
vehicles and equipment for the municipal fire department;(5)undertaking Downtown Plaza improvements;and(6)undertaking concrete surfacing improvements
for•a municipal fire station.
Thd Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2021,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on November 8,2022,authorizing and approving
----an Ai ---nt an --- -- —
the Loan Agreement and providingTor the issuance and securing the pa"yinenf of"tho Bonds(tiro"Resolution!'),-and rcforerCe is hereby-made to the-Resolution and---the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds.
The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2031 to 2034,inclusive,prior to and in any
order of maturity on June 1,2030,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be
redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of
$5,000,
If Idss than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar
by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000
is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds,in any
authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid
idcndf�hig the Bond or Bonds(or portion thereof)to be redeemcd shall be sent by electronic means or mailed by certified rail to the registered owners Urererrf at
the addresses shown on the°City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement III,
the redemption is conditioned upon the receipt by the Paying Agent of herds on or before the date fixed for redemption sufficient to pay lire redemption price of the
Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners ul'the Bonds I:alled for
redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption
and as to which notice as aforesaid shall have been given and for•the redemption of which funds are duly provided,shall cease to bear interest on the redemption
date.
This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office
of the Registral•,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the Registrar or the ahglgnment form hereon completed and duly exectited by the registered owner or the dirty'
authorized attorney for such registered owner.
Then City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving
payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent
shall not be affected by any notice to the contrary.
And it Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had,
to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form
and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal
of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any
constitutional Qr statutory limitations.
IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused.this Bond to be,executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized tacsinrile signature of its City Clerk,as of November 22,2022.
CITY OF AMES,IOWA
By
Cirr t'rark
Registration Date: November 22,2022
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By rt T ststtret
ABBREVIATIONS
The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or
regulations;
TEN COM as tenants in common UTMA
TEN ENT as tenants by the entireties (Custodian)
1T TEN as joint tenants with right of survivorship As Custodian for _
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
(State)
Additional abbreviations may also be used though not in the list above.
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to
(Please print or type name and address of Assignee)
PLEASE INSERT 50C1AL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
and does hereby irrevocably appoint. _ Attorney,to transfer this Bond on the books kept for registration thereof with full
power of substitution.
Dated:
Signature guaranteed:
_�.F$ign_.... .
atu..re.guarantee must be'provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
parti
cipate to in a recognized signature guarantee program.)
NOTICE: The signature to this Assignment must correspond with the name of the
registered owner as it appears on this Bond in every particular,without alteration or
enlargement or any change whatever,