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HomeMy WebLinkAbout05.19.2021 Special Bond Sale Minutes Proof of Dubliol-,-�lflon Courier Communications 100 East 4th Street, Waterloo, Iowa 50703 Black Hawk County I do solemnly swear that the annexed copy of notice was published in the WATERLOO/CEDAR FALLS COURIER, a daily newspaper printed in WATERLOO, Black Hawk County, Iowa, and that the annexed rate of advertising is the regular legal rate of said newspaper, and that the following is a correct bill for publishing said notice. Waterloo, City of- Legals 715 MULBERRY ST. WATERLOO IA 50703 ORDER NUMBER 198870 nil caa� W vn i n t-n Signed Subscribed and sworn to before me this day o LQ , 20Q� (/'I(il r t C� Notaryu is Received of the sum of Dollars in full for publication of the above invoice. Notary Seal .� J©DI E MCKINSTRY COMM 6SIO N0.7WNS Section: Legals " " MY N - PIRES •"M• L Category: 950 Legal Notice PUBLISHED ON: 06/01/2021 TOTAL AD COST: 89.53 FILED ON: 6/3/2021 *** Proof of Publication **� May 19,2021 The City Clerk of the City of Waterloo. Iowa, met in the first floor conference room at City Hall. 715 Mulberry Street. Waterloo.tells a11030 a,.on May 19. 2021,10 receive ads and rotor the sale of 514,370,000 General Obligation Bonds, Series 2021A, to the best and most favorable bidder for cash, subject to approval of the City Council at 5:00 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., Margaret Klein, Council member, Jonathan Grieder,Council member,Dave Boesen, Council member, Chris Young- blut, Management Information Services Director,and Kelley Felchle,City Clerk. This being the time and place for the opening of bids for the sale of $14,370,1)00 General Obligation Bonds, Series 2021A,the City Clerk announced the following bids were received: Name of Bidder True Interest Rate FHN Financial Securities Corp., New York,New York 1.4480% Robert W.Baird&Co.,Inc., Milwaukee,Wisconsin 1.4959% UMB Bank,n.a., New York,New York 1.5159% The best bid was determined to be as follows FHN Financial Securities Corp., New York,New York,at a True Interest Rate of 1.4480%. Whereupon all bids were referred to Speer Financial, Inc. and the meeting adjourned to 5:00 p.m. in the City Hall Council Chambers on May 19,2021. May 19,2021 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 11:00 a.m.on May 19, 2021,to receive bids and refer the sale of $8,610,000 General Obligation Bonds, Series 20218. to the best and most favorable bidder for cash, subject to approval of the City Council at 5:00 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., Margaret Klein. Council member, Jonathan Grieder,Council member,Dave Boesen. Council member, Chris Young- t11ut, Management Information Services Director,and Kelley Felchle,City Clerk. This being the time and place for the opening of bids for the sale of$8,610,000 General Obligation Bonds,Series 20216, the City Clerk announced the following bids were received: Name of Bidder True Interest Rale Piper Sandler&Co., Chicago,Illinois 1.6088% LIMB Bank,n.a., Kansas City,Missouri 1.6126% Fifth Third Securities,Inc.. Cincinnati,Ohio 1.6281% Robert W.Baird&Co.,Inc., Milwaukee,Wisconsin 1.6319% Raymond James&Associates,Inc., Memphis,Tennessee 1.6715% BOK Financial Securities,Inc., Milwuakee,Wisconsin 1.7106% The best bid was determined to be as follows Piper Sandler & Co., Chicago, Illinois, at a True Interest Rate of 1.6088%. Whereupon all bids were referred to Speer Financial, Inc. and the meeting adjourned to 5:00 p.m. in the City Hall Council Chambers on May 19,2021. May 19.2021 The Council of the City of Waterloo,Iowa, met in Special Session at City Hall Council Chambers. Waterloo. Iowa, at 5:00 p.m.,on Wednesday,May 19,2021. Mayor Quentin Hart in the Chair. Roll Call:Boesen,Amos, Klein, Grieder,and June.Absent:Morrissey and Feuss. 160016-JuonlAmos that the Agenda, as proposed, for the Special Session on May 19,2021,at 5:00 p.m., be accepted and approved. Voice vote-Ayes:Five.Motion carried. 160017-AmoslGneder Motion to receive and file copies of calls. Voice vote-Ayes:Five.Motion carded. Maggie Burger, Speer Financial,gave a presentation on the bids received and the city's new bond rating established by Moody's earlier this month. BOND SALE 160018-BoeserdGdeder that proof of publication of Notice of Sale on consideration of the proposition of issuance of General Obligation Bonds. Series 2021A, as published in the Waterloo Courier on May 5. 2021, be received and placed on file. Voice vole-Ayes:Five.Motion carried. 160019-BoeseniGneder that -Resolution directing sale of 514,370.010 General Obligation Bonds, > y 'Proof of Pubflvatio Corp.,of New Yak,New York at e rate of 1,4480%be adopted.Roll call vole-Ayes. Five.Motion carried. Resolution adcptec and up^,n aP,rCIT.t cy Mayorassigned No,2021-343. 1002 160020-Boesen'Grieder that proof of publication of Notice of Sale on consideration of the proposition of issuance of General Obligation Bonds, Series 20218, as published in the Waledoo Courier on May 5. 2021, be received and placed on file. Voice vote-Ayes:Five.Motion carried. 160021-Boesen/Grieder that "Resolution directing sale of 58,610,000 General Obligation Bonds, Series 20216 to Piper Sandler 8 Co.,of Chicago, IL at a rate of 1.6088% be adopted.Roll call vote-Ayes:Five.Motion carried, Resolution adopted and upon approval by Mayor assigned No.2021-344. 160022-Amos/Gneder Resolution authorizing redemption of outstanding general obligation bonds of the City of Waterloo,Iowa,Series 2012A, dated June 28, 2012 and directing the Notice of Redemption for the above- named issues. Roll call vote-Ayes: Five. Met carried. Resolution adopted and upon approval by Mayor assigned No.2021-345. 160023-Amos/Griader Resolution authorizing redemption of outstanding general obligation bonds of the City of Waterloo,Iowa,Sedes 2013A, dated June 27, 2013 and directing the Notice of Redemption for the above- named issues. Roll call vote-Ayes: Five. Motion carried. Resolution adopted and upon approval by Mayor assigned No.2021-346. 160024-Amos/Gneder Resolution authorizing redemption of outstanding general obligation bonds of the City of Waterloo,Iowa,Series 20138, dated June 27, 2013 and directing the Notice of Redemption for the above- named issues. Roll call vote-Ayes: Five. Motion carried. Resolution adopted and upon approval by Mayor assigned No.2021-347. ADJOURNMENT 160025-Boesen/Grieder that the Council adjourn at 5:23 p.m. Voice vote-Ayes:Five.Motion carried. Ketley Felchle City Clerk