HomeMy WebLinkAbout2021-03-01-J07 GO Bonds Series 2021A - Direct SaleAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: March 1, 2021
AGENDA ITEM:Consideration of approval of a resolution directing sale of $17,725,000
(subject to adjustment per terms of offering) General Obligation Bonds,
Series 2021A
FORMAT:Resolution
SYNOPSIS INCLUDING PRO & CON: The bid opening is scheduled for 10:00 a.m. on
Monday, March 1, 2021.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Representatives from PFM will present bid tabulations
and final par amounts, and to make a recommendation on proposal
acceptance.
RECOMMENDATION: Approve the Resolution.
ATTACHMENTS: I. Proposed Resolution
PREPARED BY:Becky Schuett
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
J7
RESOLUTION 2021-
RESOLUTION DIRECTING SALE OF $17,725,000 (SUBJECT
TO ADJUSTMENT PER TERMS OF OFFERING) GENERAL
OBLIGATION BONDS, SERIES 2021A
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:
$17,725,000 (SUBJECT TO ADJUSTMENT PER TERMS OF
OFFERING) GENERAL OBLIGATION BONDS, SERIES 2021A
Bidder: _________________________ of _________________________
The terms of award:
Final Par Amount as adjusted: $____________________
Purchase Price as adjusted: $ ____________________
True Interest Rate: ____________________%
Net Interest Cost: $____________________
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 1st day of March, 2021.
Mayor
ATTEST:
City Clerk