HomeMy WebLinkAbout2010-05-03-Resolutions 10-132_Bonds - GO Series 2010A - Direct SaleRESOLUTION #10-132
RESOLUTION DIRECTING SALE OF $1,435,000
GENERAL OBLIGATION BONDS,SERIES 20 I OA
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:
$1,435,000 GENERAL OBLIGATION BONDS,SERIES 2010A:
Bidder:Robert W.Baird &Co.,Inc.,of Milwaukee,WI;
c.L.King &Associates,Inc.,of New York,NY;
Davenport &Co.,LLC,of Richmond,VA;
Loop Capital Markets,LLC,of New York,NY;
Kildare Capital of Radnor,PA;
Samco Capital Markets,Inc.,of Houston,TX;
Duncan-Williams,Inc.,of Memphis,TN;
Wedbush Morgan Securities of Phoenix,AZ;and
Cronin &Co.,Inc.,of Minneapolis,MN
the terms of said bid being:
Purchase Price:$1,432,275.70
True Interest Rate:3.0760%
Net Interest Cost:$302,012.81
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,STATE OF IOWA:
Section I.That the bid for the bonds as above set out is hereby determined to be
the best and most favorable bid received and,said bonds are hereby awarded based on
said bid.
Section 2.That the statement of information for bond bidders and the form of
contract for the sale of said 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 ofthe sale of the bonds heretofore given and all acts of
the Clerk done in furtherance of the sale of said bonds are hereby ratified and approved.
PASSED AND APPROVED this 3rd day of May,2010.
ATTEST:
Ci
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Darlene Stanton
Mike Watts
AYE
X
X
X
X
X
NAY ABSENT ABSTAIN