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General Obligation Capital Loan Notes, Series 2014B and 2014C Copyright 2014 City of Dubuque Action Items # 2. ITEM TITLE: General Obligation Capital Loan Notes, Series 2014B and Taxable General Obligation Capital Loan Notes, Series 2014C SUMMARY: City Manager recommending approval of the suggested proceedings for directing sale of$18,815,000 General Obligation Capital Loan Notes, Series 2014B and $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C and awarding the Bonds to the best bidder. RESOLUTION Directing sale of$18,815,000 General Obligation Capital Loan Notes, Series 2014B RESOLUTION Directing sale of$7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Adopt Resolution(s) ATTACHMENTS: Description Type ❑ MVM Memo City Manager Memo ❑ Staff Memo Staff Memo ❑ Resolution Series 2014B Resolutions ❑ Resolution Series 2014C Resolutions ❑ Bond Counsel Letter Supporting Documentation THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proceedings for Directing Sale of $18,815,000 General Obligation Capital Loan Notes, Series 2014B and $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C and Awarding Bonds to Best Bidder DATE: November 12, 2014 Budget Director Jennifer Larson recommends City Council approval of the suggested proceedings for directing sale of the $18,815,000 General Obligation Capital Loan Notes, Series 2014B and $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C and awarding the Bonds to the best bidder. The bond sale will be held on November 17, 2014 at 11:00 a.m. The results will be brought to the November 17th City Council meeting. A letter from attorney Mark Cory detailing information on the bond advertisement is enclosed. I concur with the recommendation and respectfully request Mayor and City Council approval. Mich el C. Van Milligen MCVM/jml Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Jennifer Larson, Budget Director Kenneth TeKippe, Finance Director THE CITY OF Dubuque UBE I erica .i Masterpiece on the Mississippi 2007-2012-2013 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Budget Director SUBJECT: Proceedings for Directing Sale of $18,815,000 General Obligation Capital Loan Notes, Series 2014B and $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C and Awarding Bonds to Best Bidder DATE: November 12, 2014 DISCUSSION The purpose of this memorandum is to recommend directing sale of the $18,815,000 General Obligation Capital Loan Notes, Series 2014B and $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C and awarding the Bonds to the best bidder. The bond sale will be held on November 17, 2014 at 11:00 a.m. The results will be brought to the November 17th City Council meeting. A letter from attorney Mark Cory detailing information on the bond advertisement is enclosed. RECOMMENDATION I respectfully recommend the adoption of the enclosed resolutions directing the sale of the bonds and awarding the bonds to the best bidder. JML Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Teri Goodmann, Assistant City Manager Kenneth TeKippe, Finance Director AHLERS COONEY, P.C. 100 COURT AVENUE, SUITE 600 DES MOINES, IOWA 50309-2231 FAx: 515-243-2149 WWW.AHLERSLAW.COM R.Mark Cory Direct Dial; RCory@ a hlers law.com 515.246.0378 November 11, 2014 Via UPS Next Day Delivery Jenny Larson Budget Director City of Dubuque 50 West 13th Street Dubuque, Iowa 52001 Re: City of Dubuque, State of Iowa • General Obligation Capital Loan Notes, Series 2014B • Taxable General Obligation Capital Loan Notes, Series 2014C Dear Jenny: c We have now prepared and are enclosing herewith procedure to cover action taken by the City Officials at 11:00 o'clock A.M. on November 17, 2014, to receive bids on the above-mentioned issues. A separate set of procedure is enclosed for each type of financing. Sealed bids, electronic bids and facsimile bids will be received by the Finance Director and listed in the minutes. After a final call for sealed bids, the bids should then be opened and the best bid recorded. Sealed bids, electronic bids and facsimile bids are permitted by the Terms of Sale. No other bids should be considered. All bids should then be referred to the Council for award at their meeting at 6:30 o'clock P.M. that day. The procedure then continues with the consideration of the bids received earlier and the actual sale of the issue. An extra copy of each set of procedure is enclosed to be filled in as the original and certified back to this office. j' i L' WISHARD&BAILY-1888;GUERNSEY&BAILY-1893;BAILY&STIPP-1901;STIPP,PERRY,BANNISTER&STARZINGER-1914;BANNISTER,CARPENTER, AHLERS&COONEY-1950;AHLERS.COONEY,DORWEILER,ALLBEE,HAYNIE&SMITH-1974;AHLERS,COONEY,DORWEILER,HAYNIE,SMITH&ALLBEE,P.C.-1990 November 11, 2014 Page 2 If you have any questions pertaining to the procedure enclosed or the above mentioned instructions, please don't hesitate to contact our office. VeE o r , R. y FOIRM RMC:csm Enclosures cc: Ken TeKippe (via e-mail w/enc.) Kevin Firnstahl (via e-mail w/enc.) Tionna Pooler (via e-mail w/enc.) 01065566-1\10422-159 (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of the City of Dubuque, State of Iowa. Date of Meeting: November 17, 2014. Time of Meeting: 11:00 o'clock A.M. (City Officials) Place of Meeting: City Hall, 50 W. 13th Street, Dubuque, Iowa. Time of Meeting: 6:30 o'clock P.M. (City Council) Place of Meeting: Historic Federal Building, 350 West 6th Street, Dubuque, 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 the meeting is as follows: $18,815,000 (Dollar Amount Subject To Change) General Obligation Capital Loan Notes, Series 2014B. • Receipt of bids. • Resolution directing sale. Such additional matters as are set forth on the additional 6 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 the governmental body. City Cl-rk, City of D State of Iowa November 17, 2014 The Finance Director of the City of Dubuque, State of Iowa, met in the City Hall, 50 West 13th Street, Dubuque, Iowa, at 11:00 o'clock A.M., on the above date, to open sealed bids received, access electronic bids and to refer the sale of the notes to the best and most favorable bidder for cash, subject to approval by the City Council at 6:30 o'clock P.M. on the above date. The following persons were present: Mayor Buol, Councilperson; Karla Braig, Joyce Connors, Ric Jones, David Resnick, Kevin Lynch and Lynn Sutton Absent: None -1- This being the time and place for the opening of bids for the sale of $18,815,000 (Dollar Amount Subject to Change) General Obligation Capital Loan Notes, Series 2014B, the meeting was opened for the receipt of bids for the notes. The following actions were taken: Sealed bids were filed and listed in the minutes while unopened, as follows: Name & Address of Bidders: (Attach List of Bidders) 2. The Finance Director then declared the time for filing of sealed bids to be closed and that the sealed bids be opened. The sealed bids were opened and announced. -2- 3. Electronic bids received were accessed and announced as follows: Name & Address of Bidders: (Attach List of Bidders) 4. The best bid was determined to be as follows: Name & Address of Bidder: Robert W. Baird & Co., Inc. Milwaukee, WI. True Interest Rate: 3.356569 Net Interest Cost: $ 7,490,139.29 All bids were then referred to the Council for action. -3- CITY OF DUBUQUE, IOWA TABULATION OF BIDS THE CITY' DUB Masterpiece on the °ssivr3i $18,835,000 General Obligation Capital Loan Notes, Series 2014B Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Robert W Baird & Co , Inc, .- Syndicate Members C.L. King & Associates (WMBE) Fidelity Capital Markets Crews & Associates WNJ Capital Loop Capital Coastal Securities, Inc Cronin & Co., Inc Edward Jones Davenport & Co. L.L. SAMCO Capital Mkts. Northland Securities, Inc. Ross Sinclaire Assoc. CastleOak Securities, L.P. Vining Sparks Isaak Bond Investments, Inc. Wedbush Securities, Inc Dougherty & Company Bernardi Securities Incapital, LLC Oppenheimer & Co Alamo Capital (WMBE) Wayne Hummer & Co. SumRidge Partners D.A. Davidson & Co Hutchinson, Shockey, Erly & Co Raymond James & Associates Syndicate Members Jeffries, LLC FTN Financial Markets Ramirez & Co., Inc. JIIIen. it u.o i Ad.AdNisors, LLC Milwaukee, WI Hoboken, NJ Chicago, IL Little Rock, AR Philadelphia, PA New York, NY Houston, TX Minneapolis, MN St. Louis, MO Richmond, VA Dallas, TX Minneapolis, MN Cincinnati, OH Atlanta, GA Chicago, IL Denver, CO Los Angeles, CA Minneapolis, MN Chicago, IL Chicago, IL Kansas City, MO Walnut Creek, CA Chicago, IL Jersey City, Nj Denver, CO Chicago, IL St. Petersburg, FL New York, NY Memphis, TN New York, NY 18,664,444.39 18,646,650.00 18,701,375.80 .7,490,139.29 3.356569% 7,571,254.77 7,603,485.90 3.371796% 3.393216% Page llof2 Robert W. Baird & Co., Inc. - Milwaukee , WI's Bid Dubuque $18,835,000 General Obligation Capital Loan Notes, Series 2014B For the aggregate principal amount of $18,835,000.00, we will pay you $18,664,444.39, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date Amount $ Coupon % 06/01/2016 230M 3.0000 06/01/2017 235M 3.0000 06/01/2018 515M 3.0000 06/01/20191 1,000M 3.0000 06/01/2020 1,010M 3.0000 06/01/2021 1,025M 3.0000 06/01/2022 1,055M 3.0000 06/01/2023 1,035M 3.0000 06/01/2024 1,055M 3.0000 06/01/2025 1,090M 3.0000 06/01/2026 1,040M 3.0000 06/01/2027 1,065M 3.0000 06/01/2028 1,105M 3.1250 06/01/2029 1,145M 3.2500 06/01/2030 1,180M 3.3750 06/01/2031 1,200M 3.5000 06/01/2032 1,240M 3.5000 06/01/2033 1,285M 3.5000 06/01/2034 1,325M 3.6250 Total Interest Cost: Discount: Net Interest Cost: TIC: $7,319,583.68 $170,555.61 $7,490,139.29 3.356569 Time Last Bid Received On:11/17/2014 10:58:11 CST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Robert W. Baird & Co., Inc., Milwaukee , WI Contact: Peter Anderson Title: Telephone:414-765-7331 Fax: Issuer Name: City of Dubuque Accepted By: Company Name: Date: 1\•11-1,--0 cepted By: Date: © 1981-2002 i -Deal LLC, All rights reserved Trademarks November 17, 2014 The City Council of the City of Dubuque, State of Iowa, met in Regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 o'clock P.M., on the above date. There were present Mayor B u o l , in the chair, and the following named Council Members: Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick and 'Lynn Sutton Absent: None -4- Council Member conn ors introduced the following Resolution entitled "RESOLUTION DIRECTING SALE OF $ 18,835,0 JENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014B," and moved its adoption. Council Member Bra ig seconded the motion to adopt. The roll was called and the vote was, AYES: Mayor Buol, Council members Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick and Lynn Sutton NAYS: None Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION No. 361-14 RESOLUTION DIRECTING SALE OF $18 835,000 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014B WHEREAS, pursuant to notice as required by law, bids have been received at public sale for the notes described as follows and the best bid received is determined to be the following: $ 18 , 8 i , C 0 0 GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014B: Bidder: Robert W. Baird & Co .of Milwaukee, Wi. the terms of said bid being: Purchase Price: $ 18, 664, 444.39 True Interest Rate: 3.356569 Net Interest Cost: $ 7,490,139.29 -5- NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, STATE OF IOWA: Section 1. That the bid for the notes as above set out is hereby determined to be the best and most favorable bid received and, the notes are hereby awarded based on the bid. Section 2. That the statement of information for bidders and the form of contract for the sale of the notes are hereby approved and the Mayor and Clerk are authorized to execute the same on behalf of the City. PASSED AND APPROVED this 17th day of November, 2014. ATTEST: Mayor -6- STATE OF IOWA COUNTY OF DUBUQUE CERTIFICATE ) SS I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 17 th day of November , 2014. (SEAL) 01065563-1\10422-159 IOWA r Assistant City Clerk, City of Dubuque, State of Iowa th (This Notice to be posted) NOTICE AND CALL OF PUBLIC MEETING Governmental Body: The City Council of the City of Dubuque, State of Iowa. Date of Meeting: November 17, 2014. Time of Meeting: 11:00 o'clock A.M. (City Officials) Place of Meeting: City Hall, 50 W. 13th Street, Dubuque, Iowa. Time of Meeting: 6:30 o'clock P.M. (City Council) Place of Meeting: Historic Federal Building, 350 West 6th Street, Dubuque, 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 the meeting is as follows: $7,615,000 (Dollar Amount Subject To Change) Taxable General Obligation Capital Loan Notes, Series 2014C. • Receipt of bids. • Resolution directing sale. Such additional matters as are set forth on the additional 6 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 the governmental body. City Cle C ty of Dubu• ue, Sta e of Iowa November 17, 2014 The Finance Director of the City of Dubuque, State of Iowa, met in the City Hall, 50 W. 13th Street, Dubuque, Iowa, at 11:00 o'clock A.M., on the above date, to open sealed bids received, access electronic bids and to refer the sale of the notes to the best and most favorable bidder for cash, subject to approval by the City Council at 6:30 o'clock P.M. on the above date. The following persons were present: Mayor Buol, Councilpers)ns; Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick and. Lynn Sutton Absent: NcnP -1- This being the time and place for the opening of bids for the sale of $7,615,000 (dollar amount subject to change) Taxable General Obligation Capital Loan Notes, Series 2014C, the meeting was opened for the receipt of bids for the notes. The following actions were taken: 1. Sealed bids were filed and listed in the minutes while unopened, as follows: Name & Address of Bidders: (Attach List of Bidders) 2. The Finance Director then declared the time for filing of sealed bids to be closed and that the sealed bids be opened. The sealed bids were opened and announced. -2- 3. Electronic bids received were accessed and announced as follows: Name & Address of Bidders: (Attach List of Bidders) 4. The best bid was determined to be as follows: Name & Address of Bidder: Robert W. Baird & Co. , Inc. Milwaukee, WI. True Interest Rate: 3.829327% Net Interest Cost: $ 3,814,128.04 All bids were then referred to the Council for action. $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C Banking Institution/ Syndicate Location Purchase Price Net True Interest Cost Interest Cost Robert W. Baird & Co., Inc. Syndicate Members C.L. King & Associates (WMBE) Crews & Associates WNJ Capital Coastal Securities, Inc Davenport& Co. L.G. SAMCO Capital Mkts. Cronin & Co., Inc CastleOak Securities, G.P. Ross Sinclaire Assoc. Loop Capital Duncan Williams Bernardi Securities Wedbush Securities, Inc Dougherty & Company Alamo Capital (WMBE) Country Club Bank Oppenheimer & Co J.J.B. Hilliard, W.L. Lyons, LLC R. Seelaus & Company, Inc FTN Financial Markets Central States Capital Markets SumRidge Partners UMB Bank, NA Sterne, Agee & Leach, Inc. Syndicate Members Bank of Oklahoma SunTRust Robinson Humphrey Hutchinson, Shockey, Erly & Co trAitpel., dent . i y, Advisor& Milwaukee; WI Hoboken, NJ Little Rock, AR Philadelphia, PA Houston, TX Richmond, VA Dallas, TX Minneapolis, MN Atlanta, GA Cincinnati, OH New York, NY Memphis, TN Chicago, IL Los Angeles, CA Minneapolis, MN Walnut Creek, CA Prairie Village, KS Kansas City, MO Louisville, KY Summit, NJ Memphis, TN Prairie Village, KS Jersey City, NJ Kansas City, MO Birmingham, AL Tulsa, OK Nashville, TN Chicago, IL $7,538,850 $3814,128 04 3.829327% 7,539,634.60 3,946,777.39 3.959798% 7,545,717.85 4,195,522.51 4.221304% Page I2of2 Robert W. Baird & Co., Inc. - Milwaukee , WI's Bid Dubuque $7,615,000 Taxable General Obligation Capital Loan Notes, Series 2014C For the aggregate principal amount of $7,615,000.00, we will pay you $7,538,850.00, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear interest at the following rate(s): Maturity Date 06/01/2016 Amount $ Coupon % 100M 3.0000 06/01/2017 100M 3.0000 06/01/2018 105M 3.0000 06/01/2019 130M 3.0000 06/01/2020 135M 3.0000 06/01/2021 160M 3.0000 06/01/2022 425M 3.0000 06/01/2023 440M 3.0000 06/01/2024 450M 3.0000 06/01/2025 470M 3.2000 06/01/2026 480M 3.3500 06/01/2027 500M 3.5000 06/01/2028 520M 3.6500 06/01/2029 540M 4.0000 06/01/2030 565M 4.0000 06/01/2031 590M 4.0000 06/01/2032 610M 4.0000 06/01/2033 635M 4.1250 06/01/2034 Total Interest Cost: Discount: Net Interest Cost: TIC: Time Last Bid Received 660M 4.1250 $3,737,978.04 $76,150.00 $3,814,128.04 3.829327 On:11/17/2014 10:49:25 CST This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of Sale, and the Preliminary Official Statement, all of which are made a part hereof. Bidder: Robert W. Baird & Co., Inc., Milwaukee , WI Contact: Peter Anderson Title: Telephone:414-765-7331 Fax: Issuer Name: City of Dubuque Accepted By: Date: 11. 1-7 .1(-I Company Name: Accepted By: Date: © 1981-2002 I -Deal LLC, All rights reserved, Trademarks November 17, 2014 The City Council of the City of Dubuque, State of Iowa, met in regular session, in the Historic Federal Building, 350 West 6th Street, Dubuque, Iowa, at 6:30 o'clock P.M., on the above date. There were present Mayor B u o l , inthe chair, and the following named Council Members: Karla Braig, Joyce Connors, Ric Jones, Kevin Lynch, David Resnick and Lynn Sutton Absent: None Council Member Connors introduced the following Resolution entitled "RESOLUTION DIRECTING SALE OF $ 7 , 615 , 00 TAXABLE GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014C," and moved its adoption. Council Member B r a i g seconded the motion to adopt. The roll was called and the vote was, AYES: Mayor Buol, Council Member Rraig, Connors, :Tones, Lynch, Resnick and Sutton NAYS: None Whereupon, the Mayor declared the following Resolution duly adopted: RESOLUTION NO. 362-14 RESOLUTION DIRECTING SALE OF $ 7 , 615 , 000 TAXABLE GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014C WHEREAS, pursuant to notice as required by law, bids have been received at public sale for the notes described as follows and the best bid received is determined to be the following: $ 7,61 , o o (TAXABLE GENERAL OBLIGATION CAPITAL LOAN NOTES, SERIES 2014C: Bidder: Robert W. Baird & Co of the terms of said bid being: Purchase Price: $ 7, 538,850 Milwaulkee, WI. True Interest Rate: 3 .829327 Net Interest Cost: $ 3,814,128.04 -5- NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, STATE OF IOWA: Section 1. That the bid for the notes as above set out is hereby determined to be the best and most favorable bid received and, the notes are hereby awarded based on the bid. Section 2. That the statement of information for bidders and the form of contract for the sale of the notes are hereby approved and the Mayor and Clerk are authorized to execute the same on behalf of the City. PASSED AND APPROVED this 17th day of November, 2014. ATTEST: Mayor -6- r CERTIFICATE STATE OF IOWA ) SS COUNTY OF DUBUQUE I, the undersigned City Clerk of the City of Dubuque, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the corporate records of the City showing proceedings of the City Council, and the same is a true and complete copy of the action taken by the Council with respect to the 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 public hearing 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 the 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 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 the 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 the City hereto affixed this 17 t h November , 2014. (SEAL) 01065559-1110422-159 day of Assistant City Clerk, City of Dubuque, State of Iowa