HomeMy WebLinkAbout2010-05-03-Resolutions 10-133_Bonds - GO Series 2010B - Direct SaleRESOLUTION #10-133
RESOLUTION DlRECTlNG SALE OF $1,745,000
GENERAL OBLlGATIONBONDS,SERIES 2010B
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:
$1,745,000 GENERAL OBLlGATIONBONDS,SERIES 20lOB:
Bidder:UMB Bank,n.a.,of Kansas City,MO
the terms of said bid being:
Purchase Price:$1,734,771.30
True Interest Rate:2.9488%
Net Interest Cost:$324,381.53
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,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 of the 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:
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Darlene Stanton
Mike Watts
AYE
X
X
X
X
X
NAY ABSENT ABSTAIN