HomeMy WebLinkAbout~Master - General Obligation Corporate Purpose Bonds, Series 2023D, $12,110,000 File No. 419370-73 i
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October 3, 2023
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Via Email
Renee Hall
City Clerk/City Hall
Ames, Iowa
Re: General Obligation Corporate Purpose Bonds, Series 2023D
Our File No. 419370-73
Dear Renee:
We have prepared and attach the necessary proceedings reflecting action to be taken at the
October 10, 2023 meeting to set October 24, 2023 as the date for the sale of General Obligation Corporate
Purpose Bonds, Series 2023D (the `Bonds") and to authorize the use of a preliminary official statement
(the"P.O.S.") in connection therewith.
The proceedings attached include the following items:
1, Minutes of the meeting, followed by the resolution authorizing the P.O.S., approving its
use by PFM Financial Advisors,LLC and setting the date for the sale of the Bonds.
2. ✓Attestation Certificate with respect to the validity of the transcript.
Prior to the adoption of the resolution, you and the City Council should review the proposed
P.O.S., which PFM Financial Advisors, LLC is preparing, carefully for accuracy and to ensure that there
are no important facts being left out of the document that might bear on potential risks to bond holders. It
Should be noted that, while we will review and comment on the portions of the document that are
pertinent to our role as bond counsel, we have not been engaged as disclosure counsel, and we will not
engage in a full due diligence process to investigate the accuracy of financial data or any bond holder
risks that are unknown to us, nor will we be providing any legal opinions with respect to the documents
offering the Bonds for sale. We are available to do this additional work as the City's disclosure counsel if
requested.
+PCs soon as possible after the City Council meeting, please return one fully executed copy of all of
the completed pages in these proceedings. If you have any questions, please contact Erin Regan, Cheryl
Ritter or me. L01-4
Best regards,
John P. Danos
Attachments
cc: Corey Goodenow
Roger Wisecup
Steven Schainker
Mark Lambert
Amanda Culbert
PFM Financial Advisors LLC
8m Grand Avenue 1 SuRe 41001 Des Moines,IA l 50309-8002I T 515.z83s000 1 dorsey.com