HomeMy WebLinkAboutGO Refunding Bonds 2019C and 2019DSTATE OF IOWA,
f
Black Hawk County, SS
NOTICE OF BOND SALE
Time and Place of Sealed Bids: Bids for
the sale of Bonds of the City of Waterloo,
State of Iowa, hereafter described, must
be received at the office of the City Clerk,
City Hat, 715 Mulberry Street, Waterloo,
Iowa (the "Issuer") in accordance with the
official Terms of Offering, on the 23rd day
of September, 2019. The bids will then be
publicly opened and referred for action to
the meeting of the City Council in
conformity with the Terms of Offering.
The Bonds: The Bonds to be offered are
the following:
GENERAL OBLIGATION REFUNDING
BONDS, SERIES 2019C, in the amount
of $2,815,000*, to be dated October 22,
2019 (the "2019C Bonds"). Bids to be
received before 10:00 A.M. C.D.T. and
TAXABLE GENERAL OBLIGATION RE-
FUNDING BONDS, SERIES 2019D, in
the amount of $3,645,000*, to be dated
October 22, 2019 (the "2019D Bonds").
Bids to be received before 10:30 A.M.
C.D.T.
(Collectively, the "Bonds")
*Subject to principal adjustment pursuant
to official Terms of Offering.
Manner of Bidding: Open bids wit 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.
? Electronic Internet Bidding: Electronic
intemet bids will be received at the office
of the City Clerk at City Hall, 715 Mulberry
Street, Waterloo, Iowa. The bids must be
submitted through the SPEERAUCTION
competitive bidding system.
? Electronic Facsimile Bidding: Electronic
facsimile bids will be received by the City
Clerk at City Hall, 715 Mulberry Street,
Waterloo, Iowa (facsimile number (319)
291-4571) or the City's Municipal Advisor,
Speer Financial, Waterloo, Iowa (facsim-
ile number: (319) 291-8628). Electronic
facsimile bids will be treated as sealed
bids.
Consideration of Bids: After the time for
receipt of bids has passed, the close of
sealed bids will be announced. Sealed
bids will then be publicly opened and
announced. Finally, electronic intemet
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
Council on the above date at 5:30 P.M.
Official Statement: The Issuer has issued
an Official Statement of information
pertaining to the Bonds to be offered,
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,
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
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
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
completeness of documents, materials or
statements made or furnished in connec-
tion with the sale, issuance or marketing
of the Bonds.
Rights Reserved: The right is reserved to
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, Iowa '
I do solemnly swear that the annexed copy of legal
City of Waterloo
Bond Sale
Notice was published in the Waterloo -Cedar Falls
Courier, a daily newspaper printed in Waterloo, Black
Hawk County, Iowa, once commencing on the 13th
day of September, 2019 in the name of said
newspaper, and that the annexed rate of advertised is
the regular legal rate of said newspaper, and that the
following is a correct bill for publishing said notice.
Printer's Bill $50.63
KL1,62_
Signed
Subscribed and sworn to before me this OS
Day ofwe
if A013e.D., 20 1 t
Received of
Notary Public
the sum of
Dollars.
In full for publication of the above notice.
' 7- ODI MCO
ii COMM! MY RES
7 7824141
Y IRES