HomeMy WebLinkAbout2013-02-04-Resolutions 13-031_Bonds - Sewer Revenue CLN Series 2013A - Direct SaleRESOLUTION 13-031
RESOLUTION DIRECTING SALE OF SEWER REVENUE CAPITAL
LOAN NOTES,SERIES 2013A
WHEREAS,pursuant to notice as required by law,bids have been received at
public sale for the notes described as follows and the best bid received is determined to
be the following:
SEWER REVENUE CAPITAL LOAN NOTES,SERIES 2013A:
Bidder:Robert W.Baird &Co.,Inc.,of Milwaukee,WI
the terms of said bid being:
Par Amount:$1,185,000.00
Purchase Price:$1,186,208.90
True Interest Rate:2.1236%
Net Interest Cost:$163,170.79
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,STATE OF IOWA:
Section 1.That the bid for the notes as above set out is hereby determined to be
the best and most favorable bid received and,the notes are hereby awarded based on the
bid.
Section 2.That the statement of information for bidders and the form of contract
tor the sale of the notes are hereby approved and the Mayor and Clerk are authorized to
execute the same on behalf of the City.
ATTEST:
PASSTID AN!)APPROVED this 4th day ofF"rr~liN,t ~YoV l
ROLL CALL VOTE
Shane Blanchard
Dan Dutcher
Casey L.Harvey
Shelly Hughes
Mike Watts
AYE
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NAY ABSENT ABSTAIN