HomeMy WebLinkAbout2008-11-17-Resolutions 08-256_Bonds - GO Series 2008C - Direct SaleRESOLUTION 08-256
RESOLUTION DIRECTING SALE OF $2,200,000
GENERAL OBLIGATION BONDS,SERIES 2008C
(URBAN RENEWAL)
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:
$2,200,000 GENERAL OBLIGATION BONDS,SERIES 2008C
(URBAN RENEWAL):
Bidder:UMB Bank of Kansas City,MO
the terms ofthe bid being:
Purchase Price:$2,182,400.00
True Interest Rate:4.1400 %
True Interest Cost $729,554.58
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WAUKEE,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,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 ofthc bonds arc 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 the bonds are hereby ratified and approved.
PASSED AND APPROVED,this 17th day of November,2008.
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