HomeMy WebLinkAbout2012-05-07-Resolutions 12-106_Bonds - GO Series 2012A - Direct SaleRESOLUTION 12-106
RESOLUTION DIRECTlNG SALE OF GENERAL
OBLIGATION REFUNDlNG BONDS,SERIES 2012A
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:
$2,735,000 GENERAL OBLIGATION REFUNDlNG BONDS,SERIES
20l2A:
Bidder:Hutchinson,Shockey,Erley &Co.of Chicago,IL
the terms of said bid being:
Purchase Price:$2,775,536.25
True Interest Rate:1.3217%
True Interest Cost:$128,007.92
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 7'h day of May,2012.
ATTEST:
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Shelly Hughes
Mike Watts
AYE
X
X
X
X
X
Mayor
NAY ABSENT ABSTAIN