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Home My WebLink About06/02/1999The City Clerk of the City of Waterloo, Iowa, met in Council Chambers, City Hall, 715 Mulberry Street, Waterloo, Iowa, at 12:00 noon on Wednesday, June 2, 1999, to open bids and receive and refer the sale of $9,835,000 Corporate Purpose General Obligation Bonds 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. Mayor John R. Rooff, City Clerk Nancy Eckert, Finance Manager Bruce Meisinger, Larry Burger and Dan Forbes, representing Speer Financial, Inc. This being the time and place for the opening of bids for the sale of $9,835,000 Corporate Purpose General Obligation Bonds, Series 1999A the meeting was opened for 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. US Bancorp Piper Jaffray, Minneapolis, Minnesota 2. Dain Rauscher, Inc., Chicago, Illinois 3. Everen Securities, Inc., Chicago, Illinois 4. Harris Trust and Savings Bank & Associates, Chicago, 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. US Bancorp Piper Jaffray, Minneapolis, Minnesota 5.118% 2. Dain Rauscher, Inc., Chicago, Illinois 5.2270% 3. Everen Securities, Inc., Chicago, Illinois 5.2033% 4. Harris Trust and Savings Bank & Associates, Chicago, Illinois 5.2247% Whereupon all bids were referred to the Council for action at the meeting to be held at 5:00 p.m. in the City Hall Council Chambers on June 2, 1999. 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, June 2, 1999. Mayor John R. Rooff in the Chair. Roll Call: Getty, Murphy, Jordan, Krizek, Collier, Anders. Absent: Gronen. 112232 - Getty/Murphy that the Agenda, as proposed, for the Special Session on Wednesday, June 2, 1999, at 5:00 p.m., be accepted and approved. Ayes: Six. Absent: Gronen. Motion carried. 112233 - Getty/Murphy that copies of Call for the Special Session on Wednesday, June 2, 1999 at 5:00 p.m., be received and placed on file. Ayes: Six. Absent: Gronen. 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Absent: Gronen. Motion carried. ADJOURNMENT 112238 - Collier/Getty that the Council adjourn at 5:18 p.m. Ayes: Six. Absent: Gronen. Motion carried. Nancy Eckert City Clerk