HomeMy WebLinkAbout2018-05-21-Resolutions 18-212_Bonds - Sewer Revenue Series 2018C - Direct SaleRESOLUTION 18-212
RESOLUTION DIRECTING SALE OF $3,565,000 (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING)SEWER
REVENUE BONDS,SERIES 2018C
WHEREAS,bids have been received for the Bonds described as follows and the best bid
received (with permitted adjustments,if any)is determined to be the following:
$3,565,000 (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING)SEWER REVENUE BONDS,SERIES 2018C
Bidder:Bernardi Securities,Inc.,of Chicago,IL
The terms of award:
Final Par Amount as adjusted:$3,565,000
Purchase Price as adjusted:$3,360,620.40
True Interest Rate:3.3362%
Net Interest Cost:$1,440,311.60
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,the Bonds are hereby awarded as described above.
Section 2.That the statement of information for Bond bidders and the form of contract
for the sale of the 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 the Bonds are hereby ratified and approved.
PASSED AND APPROVED this 21"day of May,2018.
ATTEST:
ayor
City Clerk
RESULTS OF VOTE:
Anna Bergman
R.Charles Bottenberg
Courtney Clarke
Shelly Hughes
Larry R.Lyon
AYE
X
X
NAY ABSENT ABSTAIN
X