HomeMy WebLinkAbout2009-514-06/02/2009 r-N Nor-A,s
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: June 2 , 2009.
Time of Meeting: 4 : 30 o'clock P .M.
Place of Meeting: Council Chambers, City Hall, Waterloo, Iowa.
PUBLIC NOTICE IS HEREBY GIVEN that the above mentioned governmental
body will meet at the date, time and place above set out. The tentative agenda for said
meeting is as follows:
General Obligation Bonds, Taxable Series 2009C
• Resolution directing sale.
Such additional matters as are set forth on the additional 6 page(s) attached hereto.
(number)
This notice is given at the direction of the Mayor pursuant to Chapter 21, Code of
Iowa, and the local rules of said governmental body.
--rag,bm
City Clerk, terloo, Iowa
Nancy Ec
-1-
June 2 , 2009
The City Clerk of Waterloo, Iowa, met in the City Clerk's office, City Hall,
Waterloo, Iowa, at 11: 3 0 o'clock A.M., on the above date, to open sealed bids received,
access electronic bids, and to refer the sale of the bonds to the best and most favorable
bidder for cash, subject to approval by the City Council at 4 :3 0 o'clock P .M. on the
above date.
The following persons were present:
Michelle Weidner, Nancy Eckert, Larry Burger
Absent:
* * * * * * * *
-2-
This being the time and place for the opening of bids for the sale of General
Obligation Bonds, Taxable Series 2009C, the meeting was opened for the receipt of bids
for the Bonds. The following actions were taken:
1. Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidders:
2. The City Clerk then declared the time for filing of sealed bids to be closed and that
the sealed bids be opened. The sealed bids were opened and announced.
3. Electronic bids received were accessed and announced as follows:
Name & Address of Bidders:
1. Morgan Keegan & Co. , Inc. , Memphis, Tennessee
2. Bankers ' Bank, Madison, Wisconsin
3. UMB Bank, n.a. , Kansas City, Missouri
4 . Vining Sparks, Chicago, Illinois
5. Bernardi Securities, Inc. , Chicago, Illinois
6. Robert W. Baird & Co. , Milwaukee, Wisconsin
4. The best bid was determined to be as follows:
Name & Address of Bidder: Morgan Keegan & Co. , Inc .
Memphis, Tennessee
Principal Amount: $ 1, 565, 000 . 00
True Interest Cost: $ 351, 364 . 17
True Interest Rate: 4 . 3149 %
All bids were then referred to the Council for action in accordance with the Notice
of Sale.
-3-
June 2 , 2009
The City Council of Waterloo, Iowa, met in special session, in the Council
Chambers, City Hall, Waterloo, Iowa, at 4 : 30 o'clock P .M., on the above date.
There were present Mayor Tim Hurley , in the chair, and the
following named Council Members:
Cole, Getty, Hart , Greenwood, Steve Schmitt ,
Welper, Reggie Schmitt
Absent: none
* * * * * * *
•
-4-
Council Member Greenwood introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF GENERAL OBLIGATION
BONDS, TAXABLE SERIES 2009C" and moved its adoption. Council Member
Cole seconded the motion to adopt. The roll was called and
the vote was,
AYES: Cole, Getty, Hart, Greenwood, Steve Schmitt,
Welper, Reggie Schmitt
NAYS: none
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 2009-514
RESOLUTION DIRECTING SALE OF GENERAL
OBLIGATION BONDS, TAXABLE SERIES 2009C
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 BONDS, TAXABLE SERIES 2009C:
Bidder: Morgan Keegan & Co. , Inc. of Memphis, Tennessee
the terms of said bid being:
Principal Amount: $ 1, 565, 000 . 00
Purchase Price: $ 1, 552, 480 . 00
True Interest Rate: 4 . 3149 %
True Interest Cost: $ 351, 364 . 17
-5-
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, 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 form of contract for the sale of said Bonds is 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 and Chief Financial Officer done in furtherance of the sale of said Bonds are
hereby ratified and approved.
PASSED AND APPROVED, this 2nd day of June
2009.
"6/4A.41(7,--
Mayor Tim Hurley
ATTEST:
City Clerk ,f ncy Eckert
•
-6-
CIG-3
9/91
CERTIFICATE
STATE OF IOWA )
) SS
COUNTY OF BLACK HAWK )
I, the undersigned City Clerk of Waterloo, Iowa, do hereby certify that attached is
a true and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a true and complete copy of the
action taken by said Council with respect to said matter at the meeting held on the date
indicated in the attachment, which proceedings remain in full force and effect, and have
not been amended or rescinded in any way; that meeting and all action thereat was duly
and publicly held in accordance with a notice of meeting and tentative agenda, a copy of
which was timely served on each member of the Council and posted on a bulletin board
or other prominent place easily accessible to the public and clearly designated for that
purpose at the principal office of the Council (a copy of the face sheet of said agenda
being attached hereto) pursuant to the local rules of the Council and the provisions of
Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at
least twenty-four hours prior to the commencement of the meeting as required by said
law and with members of the public present in attendance; I further certify that the
individuals named therein were on the date thereof duly and lawfully possessed of their
respective city offices as indicated therein, that no Council vacancy existed except as may
be stated in said proceedings, and that no controversy or litigation is pending, prayed or
threatened involving the incorporation, organization, existence or boundaries of the City
or the right of the individuals named therein as officers to their respective positions.
WITNESS my hand and the seal of said Municipality hereto affixed this 4th
day of June , 2009.
LaillikilidL
City erk, W.r- loo, Iowa
Nancy Ecke NIP
SEAL _
DCORNELL/616476.1/MSWard\11310.085
-7-
1-3 7z) .
> o
tz r
rC
to
H
Cr) 0
Ti
H CJ
tri H
CJ]
to
N
oy �
o H tri
co z
Cf)
n CI 0
r
Cn
� t-7
r E4
to o
0
1-n z
0
C) •
tri
z N
tri o
� o
r �
o
H
H
H
0
z
0
z
Cn