HomeMy WebLinkAbout2024-08-05 Resolution 2024-335_Bonds, GO LOST Series 2024B, Direct SaleRESOLUTION 2024-335
RESOLUTION DIRECTING SALE OF $11,590,000 (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) GENERAL
OBLIGATION LOCAL OPTION SALES TAX BONDS, SERIES
2024B
WHEREAS, bids have been received for the Bonds described as follows and the best bid
received (with permitted adjustments, if any) is determined to be the following:
$11,590,000 (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) GENERAL OBLIGATION LOCAL OPTION
SALES TAX BONDS, SERIES 2024B
Bidder: Hilltop Securities, Inc., of Dallas, TX
The terms of award:
Final Par Amount as adjusted: $11,590,000.00
Purchase Price as adjusted: $12,487,863.20
True Interest Rate: 3.6115%
Net Interest Cost: $5,114,388.99
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WAUKEE, STATE OF IOWA:
Section 1. That the bid for the Bonds as above set out is hereby determined to be the best
and most favorable bid received and, the Bonds are hereby awarded as described above.
Section 2. That the statement of information for Bond bidders and the form of contract
for the sale of the Bonds are hereby approved and the Mayor and Clerk are authorized to execute
the same on behalf of the City.
Section 3. That the notice of the sale of the Bonds heretofore given and all acts of the
Clerk done in furtherance of the sale of the Bonds are hereby ratified and approved.
PASSED AND APPROVED this 51h day of August -
Mayor
ATTEST:
City Clerk
RESULTS OF VOTE:
AYE
R. Charles Bottenberg
X
Chris Crone
X
Rob Grove
X
Anna Bergman Pierce
X
Ben Sinclair
X
NAY ABSENT ABSTAIN