HomeMy WebLinkAbout2013-11-04-Resolutions 13-292_Bonds - GO Urban Renewal Series 2013D - Direct SaleRESOLUTION 13-292
RESOLUTION DIRECTING SALE OF $8,740,000*
GENERAL OBLIGATION URBAN RENEWAL BONDS,
SERIES 2013D
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:
GENERAL OBLIGATION URBAN RENW AL BONDS,SERIES 20l3D:
Bidder:Piper Jaffray of Minneapolis,MN
the terms of said bid being:
Par Amount:$8,740,000
Purchase Price:$9,397,586.35
True Interest Rate:2.5805%
Net Interest Cost:$1,456,857.07
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 ofthe 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 4th day of November,2013.
ATTEST:
1AlAMA p,~G4wA4-
City Clerk
ROLL CALL VOTE
Shane Blanchard
Casey L.Harvey
Shelly Hughes
C.Isaiah McGee
Mike Watts
AYE
X
X
X
X
X
Mayor
NAY ABSENT ABSTAIN