HomeMy WebLinkAbout2000-300-05.22.2000 ORIGINAL
(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body: The City Council of Waterloo, Iowa.
Date of Meeting: May 31 , 2000.
Time of Meeting: 4 : 0 0 o'clock p .M.
Place of Meeting: Council Chambers, 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:
$5,400,000 General Obligation Bonds.
• Resolution directing sale.
Such additional matters as are set forth on the additional s ix 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.
City Clerk aterloo, Iowa Nancy Eckert
May 31 , 2000
The City Clerk of Waterloo, Iowa, met in the Council Chambers, Waterloo, Iowa,
at 12 : 00 o'clock P .M., on the above date, to open sealed bids received 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 : 00 o'clock P .M. on the above date.
The following persons were present:
Mayor John R. Rooff , Nancy Fckert ,
Bruce Meisinger, Larry Burger, Dan Forbes
* * * * * * * *
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This being the time and place for the opening of bids for the sale of$5,400,000
General Obligation Bonds, the meeting was opened for the receipt of bids for the bonds.
Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidders:
Dain Rauscher Inc . , Chicago, Illinois
U. S. Bancorp Piper Jaffray, Minneapolis , Minnesota
Salomon Smith Barney, Chicago , Illinois
Robert W. Baird & Co . , Inc . , Milwaukee , Wisconsin
SunTrust Equitable Securities , Atlanta, Georgia
Harris Trust & Savings Bank, Chicago , Illinois
Whereupon the Clerk declared the time for filing of sealed bids to be closed.
Whereupon, the Clerk declared the sealed bids be opened. The sealed bids were
opened and the best sealed bid was as follows:
Name & Address of Bidder: Dain Rauscher Inc . . Chicago . Illinois
Net Interest Rate: 5 . 5870
Net Interest Cost: $2 , 809 , 743 . 75
Whereupon, all bids were referred to the Council for action in accordance with the
Notice of Sale.
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May 31 , 2000
The City Council of Waterloo, Iowa, met in special session, in the Council
Chambers, Waterloo, Iowa, at 4 : 0 0 o'clock P .M., on the above date. There were
present Mayor John R. Ro o f f , in the chair, and the following named
Council Members:
Anders , Jordan, Krizek, Murphy. Getty
Berry
Absent: Gronen
* * * * * * *
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Council Member Jordan introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF $5,400,000 GENERAL
OBLIGATION BONDS," and moved its adoption. Council Member Kr i ,ek
seconded the motion to adopt. The roll was called and the vote was,
AYES: Anders , Jordan, Krizek, Murphy, Getty
Berry
NAYS:
Whereupon, the Mayor declared the following Resolution duly adopted:
Resolution No . 2000-300
RESOLUTION DIRECTING SALE OF $5,400,000
GENERAL OBLIGATION BONDS
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:
$5,400,000 GENERAL OBLIGATION BONDS:
Bidder: Dai n Raiischer Tnr ._ of Chi ragn , Tll inni s
the terms of said bid being:
Purchase Price: $ 5 . 346 . 000
Net Interest Rate: 5 . 5870
Net Interest Cost $ 2 , 809 , 743. 75
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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 statement of information for bond bidders and the form of
contract for the sale of said bonds are 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 done in furtherance of the sale of said bonds are hereby ratified and approved.
PASSED AND APPROVED, this 31 s t day of May , 2000.
ayor Jo .n R. Rooff
ATTEST:
fc.42,6
Clerk Nancy ckert
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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
2nd day of June , 2000.
rief2,d-
City Clerk, terloo, Iowa Nancy Eckert
SEAL
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