HomeMy WebLinkAboutBond Sale STATE OF IOWA, } I do solemnly swear that the annexed copy of legal
City of Waterloo
Bond Sale
Black Hawk County, SS Notice was published in the Waterloo-Cedar Falls
NOTICE OF BOND SALE Courier, a daily newspaper printed in Waterloo, Black
Time and Place of Sealed Bids:Bids for Hawk County Iowa once commencing on the 7th
the sale of Bonds of the City of Waterloo, > >
State Iowa, hereafter bemust day of May, 2018 in the name of said newspaper, and
be received at the office off the the City Clerk,
City Hall,715 Mulberry street,Waterloo,
Iowa(the"Issuer")in accordance with the that the annexed rate of advertised is the regular legal
official Terms of Offering on the 22nd day
of May, 2018. The bids will then be rate of said newspaper, and that the following is a
publicly opened and referred for action to
the meeting of the City Council in correct bill for publishing said notice.
conformity with the TERMS OF OFFER-
ING.
The Bonds:The Bonds to be offered are
the following: SER-
Printer's Bill $48.48
GENERAL OBLIGATION BONDS,
IES 2018A,in the amount of$10,505,000
to be dated June 19,2018(the"28A{
B01onds").Bids to be received before 10:30
A.M.C.D.T.;and
TAXABLE GENERAL OBLIGATION
BONDS, SERIES 2018B, in the amount
of $1,070,000', to be dated June 19,
2018 (the "20188 Bonds"). Bids to be
received before 11:00 A.M.C.D.T.
(collectively,the"Bonds")
Subject to principal adjustment pursuant
to official Terms of Offering.
Manner of Bidding:Open bids will not be
received.Bids will be received in any of
the following methods:
( Sealed Bidding: Sealed bids may be
submitted and will be received at the
office of the City Clerk at City Hall,715
Mulberry Street,Waterloo,Iowa.
i Electronic Internet Bidding: Electronic V_
fr / _
Internet bids will be received at the office IV`-/(p�//�`�/) `.
of the City Clerk at City Hall,715 Mulberry
Street,Waterloo,Iowa.The bids mu be
submitted through the SPEERAUCT N L Signed
competitive bidding system.
,=bidding
Facsimile Bidding:Electronic
facsimile bids will be received by the City
Clerk at City Hall, 715 Mulberry Street,
Waterloo, Iowa (facsimile number (319)
Speer291-4571)Finn the City's loo,(opal Advjior, Subscribed and sworn to before me this
Speer Financial,Waterloo, Iowa(fac$im-
ile number: (319) 291-8628). Electronic
facsimile bids will be treated as sealed
bids.
Consideration of Bids: After the time for Day of A.D., 20
receipt of bids has passed,the close of
sealed bids will be announced. Sealed
bids will then be publicly opened and
announced. Finally, electronic internet
bids will be accessed and announced
Sale and Award:The sale and award of
the Bonds will be held at the Council
Chambers,City Hall,715 Mulberry Street,
Waterloo, Iowa at a meeting of the City Notary Public
Council on the above date at 4:30 P.M.
Official Statement:The Issuer has issued
an Official Statement of information
pertaining to the Bonds to be offered, Received of
including a statement of the Terms of
Offering and an Official Bid Form,which
is incorporated by reference as a part of
this notice.The Official Statement may be
obtained by request addressed to the City
Clerk, City Hall, 715 Mulberry Street,
Waterloo, Iowa or the Issuer's Municipal
Advisor, Speer Financial, 531 Commer-
cial Street, Waterloo, Iowa, 50703, the sum of
Telephone:319-291-2077.
Terms of Offering: All bids shall be in
conformity with and the sale shall be in
accordance with the Terms of Offering as Dollars.
set forth in the Official Statement.
Legal Opinion: The Bonds will be sold
subject to the opinion of Ahlers&Cooney,
P.C.,Attorneys of Des Moines, Iowa,as
to the legality and their opinion will be In full for publication of the above notice.
furnished together with the printed Bonds
without cost to the purchaser and all bids
will be so conditioned. Except to the
extent necessary to issue their opinion as
to the legality of the Bonds,the attorneys
will not examine or review or express any
opinion with'respect to the accuracy or Y¢p1AL JODI E MCWNSTRYi
completeness of documents,materials or •
statements made or furnished in connec-
tion COi�MI$ IOiV N 7$2h .'
with the sale, issuance or marketing
of the Bonds.
Rights Reserved:The right is reserved to *O w
reject any or all bids, and to waive any
irregularities as deemed to be in the best
interests of the public.
By order of the City Council of the City of
Waterloo,State of Iowa.
Kelley Felchle,City Clerk
City of Waterloo,IA