HomeMy WebLinkAboutA018 - Letter from Dorsey and Whitney dated July 9, 2023 OORSEY-
always ahead
July 9, 2023 U/ . t e - d-3
VIA EMAIL
Renee Hall
City Clerk/City Hall
Ames, Iowa
Re: Ames, Iowa
$12,161,000 SRF Water Revenue Loan and Disbursement Agreement
File No. 419370-70
Dear Renee:
We have prepared and attach proceedings to be used at the June 13, 2023 City Council
meeting to enable the Council to adopt the resolution (the "Resolution") approving the Water
Revenue Loan and Disbursement Agreement (the "Agreement") and providing for the issuance of
the Water Revenue Bond, Series 2023 (the "Bond").
The proceedings attached include the following items:
1. Minutes of the June 13, 2023 meeting providing for the adoption of the Resolution.
The form of Bond, Treasurer's Certificate and Assignment are included as part of the Resolution
but need not be completed or executed as they are adopted only as to form.
2. Certificate attesting to the transcript.
3. Establishment and non-litigation certificate with respect to the Water Utility.
Also attached,please find the Agreement for execution by you and the Mayor. Please print
a copy of the Agreement and have it executed as indicated. After the Agreement has been signed,
please return it to us so that we can have it signed on behalf of the Iowa Finance Authority, after
which we will furnish you with a fully executed copy for the City's records.
In addition, we have prepared and attach the Bond. Please have the Bond signed as
indicated, and return it to us so that we can deliver it to the lender at the time of closing. Please
note that the Bond has signature blocks for the Mayor, the City Clerk and the City Treasurer.
Finally, we have attached the Closing Certificate for execution by you and the Mayor.
Please review the Certificate for any inaccuracies and return the executed Certificate to our office.
8os Grand Avenue I Suite 4100 1 Des Moines,IA 15o3og-8002 1 T 515.283.1000 IF 515.283.io6o I dorsey.com
Page ( )-)) OORSEY
Please call Erin Regan, Lauren Baker or me if you have questions.
Best regards,
John P. Danos
Attachments
cc: Steven Schainker
Roger Wisecup
Corey Goodenow
Kara Nady
Susanne Gerlach
Tracy Scebold
Tony Toigo
Lee Wagner
i
DORSEY&WHITNEY LLP