HomeMy WebLinkAbout2008-03-10-Resolutions 08-59_Bonds - GO Series 2008B - Direct SaleRESOLUTION 08-59
RESOLUTION DIRECTING SALE OF $1,275,000
GENERAL OBLIGATION BONDS,SERIES 2008B
WHEREAS,pursuant to notice as required by law,bids have been received at
public sale for the bonds described as follows and the best bid received is determined to
be the following:
$1,275,000 GENERAL OBLIGATION BONDS,SERIES 2008B:
Bidder:Bemardi Securities,Inc.,of Chicago,IL
the terms of the bid being:
Purchase Price:$1,263,525
True Interest Rate:4.0921%
Net Interest Cost $397,862.15
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,IOWA:1
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 based on the
bid.
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 ofthe sale of the bonds are hereby ratified and approved.
PASSED AND APPROVED,this 10th day of March,2008.
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Attest:
ROLL CALL VOTE
Donald L.Bailey,Jr.
Casey L.Harvey
C.Isaiah McGee
Darlene Stanton
Mike Watts
AYE
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NAY ABSENT ABSTAIN
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