HomeMy WebLinkAbout6/2/2020 *** Proof of Publication ***
June 2,2020
The City Clerk of the City of Waterloo,
Iowa, mel in the first floor conference
room at City Hall, 715 Mulberry Street,
Waterloo,Iowa,at 11:00 a.m.on June 2,
2020,to receive bids and refer the sale of
$7,025,000 General Obligation Bonds,
Series 2020A, to the best and most
favorable bidder for cash, subject to
approval of the City Council at 3:30 p.m.
on the above date.The following persons
were present at said meeting: Michelle
Weidner,Chief Financial Officer,Maggie
Burger,Sr.Vice President Speer Finan-
cial and John Murphey,Speer Financial,
Inc., Marggaret Klein, Council member,
Jonathan Cedar,Council member,Dave
Boesen, Council member, Chris Young-
blut, Management Information Services
Director,and Kelley Falchle,City Clerk.
This being me time and place for the
opening of bids for the sale of$7,025,000
Generel Obligation Bonds,Series 2020A,
the City Clerk announced the following
bids were received:
Name of Bidder True Interest Rate
UMB Bank,N.A.,Kansas City,MO
1.3458%
Piper Sandler&Co.,Minneapolis,MN
1.3787%
DA.Davidson&Co.,Denver,CO
1.3872%
Robert W.Baird&Co.,Inc.,MBwaukee,
WI
1.4070%
BOK Financier Securities, Inc., Milwau-
kee,WI
1.4284%
Northland Securities, Inc., Minneapolis,
MN
1.4876%
The best bid was determined to be as
follows UMB Bank, N.A., Kansas City,
MO,at a True Interest Rate of 1.34580/6.
Whereupon all bids were referred to
Speer Financial, Inc. and the meetingg
adjourned to 3:30 p.m. in the City Hali
Council Chambers on June 2,2020.
June 2,2020
The City Clerk of the City of Waterloo,
Iowa, met in the first floor conference
room at City Hall, 715 Mulberry Street,
Waterloo,Iowa,at 11:05 a.m.on June 2,
2020,to receive bids and refer the sale of
$8,235,000 General Obligation Bonds,
Series 20208, to the best and most
favorable bidder for cash, subject to
approval of the City Council at 3:30 p.m.
on the above date.The followingparsons
were present at said meeting: Michelle
Weidner,Chief Financial Officer,Maggie
Burger,Sr.Vice President Speer Finan-
cial and John Murphey,Speer Financial,
Inc., Marggaret Klein, Council member,
Jonathan Grieder,Council member,Dave
Boesen, Council member, Chris Young-
biut, Management Information Services
Director,and Kelley Felchle,City Clerk.
This being the time and place for the
opening of bids for the sale of$8,235,000
General Obligation Bonds,Series 20208,
the City Clerk announced the following
bids were received!
Name of Bidder True Interest Rate
UMB Bank,N.A.Kansas City,MO
1.4712%
Piper Sandier&Co.,Minneapolis,MN
1.4775%
BOK Financial Securities, Inc., Milwau-
kee,WI
1.4843%
Northland Securities, Inc., Minneapolis,
MN
1.5224%
Bankers'Bank,Madison,WI
1.5325%
Robert W. Baird&Co., Inc. Milwaukee,
WI
1.5480%
Commerce Bank,Kansas City,MO
1.6334
FHN Financial,Memphis,TN
1.7239%
Fifth Third Securities,Cincinnati,OH
1.7326%
The best bid was determined to be as
follows UMB Bank, N.A. Kansas City,
MO,at a True Interest Rate of 1.4712%.
Whereupon all bids were referred to
Speer Financial, Inc. and the meeffn
adjourned to 3:30 p.m. in the City Hall
Council Chambers on June 2,2020.
June 2,2020
The Council of the City of Waterloo,Iowa,
met in Special Session at City Hall
Council Chambers, Waterloo, Iowa, at
3:30 p.m., on Tuesday, June 2, 2020.
Mayor Quentin Hart in the Chair. Roll
Call: Beason, Amos, Morrissey, Feuss,
Gneder. Mrs. Klein joined at 3:45 p.m.
Absent:Juon.
157890-AmosBoesen
that the Agenda, as proposed, for the
Special Session on June 2,2020,at 3:30
p.m., be accepted and approved. Voice
vote-Ayes:Five.Motion carded.
BOND SALE
157891-FeuWAmos
*** Proof of Publication ***
1116,ywm ui puuuuun m.wuw w ame
on considerationuaof the proposition of
issuance of General Obligation Bonds,
Series 2020A, as published In the
Waterloo Courier on May 22, 2020, be
received and placed on file. Voice
vote-Ayes:Seven.Motion carded.
Presentation by Speer Financial on the
bids received for General Obligation
Bonds Series 2020A and Series 2020B
and the City of Waterloo's bond rating.
Council discussed the General Obligation
Bonds Series 2020A and Series 20208
and the City of Waterloo's bond rating.
157892-Feuss/Amos
that "Resolution directing sale of
$7,0235,000 General Obligation Bonds,
Sense 2020A to UMB Bank,N.A.,Kansas
City, MO at a rate of 1.3458%", be
adopted.Roll call vote-Ayes:Five.Motion
tamed.
Resolution adopted and upon approval by
Mayor assigned No.2020-398.
157893-Morrissey/Amos
that proof of publication of Notice of Sale
on consideration of the proposition of
issuance of General Obligation Bonds,
Series 2020B, as published in the
Waterloo Courier on May 22, 2020, be
received andplaced on file. Voice
vote-Ayes:Five.Motion carried.
Mrs.Klein joined at 3:45 p.m.
157894-Morrissey/Feuss
that "Resolution directing sale of
$8,235,000 General Obligation Bonds,
Series 20208 to UMB Bank,N.A.Kansas
City, MO at a rate of 1.4712%, be
adoptetl.Roil call vote-Ayes:Six.Motion
earned.
Resolution adopted and upon approval by
Mayor assigned No.2020-399.
ADJOURNMENT
157895-Morrissey/Feuss
that the Council adjourn at 3:47 p.m.
Voice vote-Ayes:Six.Motion carried.
Kelley Felchle
CIN Clerk