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Home My WebLink About05/22/1997May 22, 1997 The City Clerk of the City of Waterloo, Iowa, met in Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 12:00 noon on Thursday, May 22, 1997, to open bids and receive and refer the sale of $4,500,000 Corporate Purpose General Obligation Bonds, Series 1997 and $4,000,000 Sewer Revenue Bonds, Series 1997A, to the best and most favorable bidder for cash, subject to approval of the City Council at 4:30 p.m. on the above date. The following persons were present at said meeting: City Clerk Susan Fangman, Finance Manager Bruce Meisinger, Dan Forbes and Larry Burger from Speer Financial, and Bill Noth from Ahlers Law Firm. This being the Purpose General for the bonds. sealed bidding Name of Bidder time and place for the opening of bids for the sale of $4,500,000 Corporate Obligation Bonds, Series 1997, the meeting was opened for the receipt of bids The following sealed bids were received, placed on file but NOT OPENED and closed: 1. Harris Trust and Savings Bank & Associates, Chicago, Illinois 2. Piper Jaffray Inc., Minneapolis, Minnesota 3. Griffin, Kubik, Stephens & Thompson, Inc., Chicago, Illinois 4. Everen Securities, Inc., Chicago, Illinois 5. Nike Securities LP, Lisle, Illinois Whereupon the City Clerk declared the time for filing of sealed bids to be closed, and whereupon the City Clerk declared the sealed bids be opened, which were as follows: Name of Bidder 1. Harris Trust and Savings Bank & Associates, Chicago, Illinois 2. Piper Jaffray Inc., Minneapolis, Minnesota 3. Griffin, Kubik, Stephens & Thompson, Inc., Chicago, Illinois 4. Everen Securities, Inc., Chicago, Illinois 5. Nike Securities LP, Lisle, Illinois Net Interest 5.1524% 5.2343% 5.1638% 5.211058% 5.1553% Whereupon all bids were referred to the Council for action at the meeting to be held at 4:30 p.m. in the City Hall Council Chambers on May 22, 1997. This being the time and place for the opening of bids for the sale of $4,000,000 Sewer Revenue Bonds, Series 1997A, the meeting was opened for the receipt of bids for the bonds. The following sealed bids were received, placed on file, but NOT OPENED and sealed bidding closed: Name of Bidder 1. Griffin, Kubik, Stephens & Thompson, Inc., Chicago, Illinois 2. Piper Jaffray, Inc., Minneapolis, Minnesota 3. Everen Securities, Inc., Chicago, Illinois 4. Nike Securities LP, Lisle, Illinois Whereupon the City Clerk declared the time for filing of sealed bids to be closed, and whereupon the City Clerk declared the sealed bids be opened, which were as follows: Name of Bidder Net Interest 1. Griffin, Kubik, Stephens & Thompson, Inc., Chicago, Illinois 5.4026% 2. Piper Jaffray, Inc., Minneapolis, Minnesota 5.4836% 3. Everen Securities, Inc., Chicago, Illinois 5.4800% 4. Nike Securities LP, Lisle, Illinois 5.4403% Whereupon all bids were referred to the Council for action at the meeting to be held at 4:30 p.m. in the City Hall Council Chambers on May 22, 1997. The Council of the City of Waterloo, Iowa met in Special Session at City Hall First Floor Conference Room, Waterloo, Iowa, at 4:30 p.m. on Thursday, May 22, 1997. Mayor John R. Rooff in the Chair. Roll Call: Jordan, Murphy, Anders, Mollenhoff. Absent: Getty, Krizek, Collier. Councilperson Murphy was present by telephone. 106457 - Jordan/Mollenhoff that the Agenda, as proposed, for the Special Session on Thursday, May 22, 1997 at 4:30 p.m., be accepted and approved. Ayes: Four. Absent: Getty, Krizek, Collier. Motion carried. 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