HomeMy WebLinkAbout2015-10-19-Resolutions 15-368_Bonds - GO CLN Series 2015C - Direct SaleRESOLUTION 15-368
RESOLUTION DIRECTING SALE OF $7,575,000 (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING)GENERAL
OBLIGATION CAPITAL LOAN NOTES,SERIES 2015C
WHEREAS,bids have been received for the Notes described as follows and the best bid
received (with permitted adjustments,if any)is determined to be the following:
$7,575,000 (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING)GENERAL OBLIGATION CAPITAL LOAN
NOTES,SERIES 2015C
Bidder:Hutchinson,Shockey,Erley 2 Co.of Chicago,IL
The terms of award:
Final Par Amount as adjusted:$7,340,000.00
Purchase Price as adjusted:$7,498,184.17
True Interest Rate:2.5531/o
Net Interest Cost:$1,306,455.83
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 as described above.
Section 2.That the statement of information for Note bidders and the form of contract for
the sale of the Notes are hereby approved and the Mayor and Clerk are authorized to execute the
same on behalf of the City.
Section 3.That all acts of the Clerk done in furtherance of the sale of the Notes are
hereby ratified and approved.
PASSED AND APPROVED this 19"day of October,2015.
Mayo
ATTEST:
City Clerk
ROLL CALL VOTE
Shane Blanchard
Brian Harrison
Casey L.Harvey
Shelly Hughes
Rick Peterson
AYE
X
X
X
X
X
NAY ABSENT ABSTAIN