G.O. Bond Sale $1,000,000(This Notice to be posted)
NOTICE AND CALL OF PUBLIC MEETING
Governmental Body:
Date of Meeting:
Time of Meeting:
Place of Meeting:
The City Council of Dubuque, Iowa.
February 20 ,2002.
6:15 o'clock P .M.
Auditorium, Carnegie-Stout Public Library, 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 said
meeting is as follows:
$1,000,000 General Obligation Bonds, Series 2002B
· Resolution directing sale.
Such additional matters as are set forth on the additional 1 .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 roles of said governmental body.
/s/ Jeanne F. Schneider, City Clerk, Dubuque, Iowa
February 20 ,2002
The City Finance Director of Dubuque, Iowa, met in the City Hall, Dubuque,
Iowa, at 11: 00 o'clock A.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 6: 15 o'clock ~P.M. on the above date.
The following persons were present:
David Derks, Evenson Dodge, Inc.; Finance
Director Ken TeKippe, City Clerk Jeanne Schneider,
Administrative Services Manager Pauline Joyce
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This being the time and place for the opening of bids for the sale of $1,000,000
General Obligation Bonds, Series 2002B, 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:
RBC Dain Rauscher Inc.
Bankers' Bank
US Bancorp Piper daffray
Salomon Smith Barney
Bernardi Securities
West Des Moines, IA
Madison, WI
MinneapotSs, MN
Chicago, IL
Chicago, IL
Whereupon the Finance Director declared the time for filing of sealed bids to be
closed.
Whereupon, the Finance Director declared the sealed bids be opened. The sealed
bids were opened and the best sealed bid was as follows:
Name & Address of Bidder: RBC Dain Rauscher Inc.
Net Interest Rate: 4.7348%
Net Interest Cost: $557,161.88
Whereupon, all bids were referred to the Council for action in accordance with the
Notice of Sale.
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February 20 ,2002
The City Council of Dubuque, Iowa, met in Special session, in the
Auditorium, Carnegie-Stout Public Library, Dubuque, Iowa, at o'clock __.M.,
on the above date. There were presentl011~ Council Member Nicholson ~inthe
chair, and the following named Council Members:
Roy Buol, Patricia Cline, Joyce Connors, John Markham
Absent: Mayor Terry Duggan, Council Member Ann Michalski (Mayor-Pro Tem)
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Council Member Buol introduced the following
Resolution entitled "RESOLUTION DIRECTING SALE OF $1,000,000 GENERAL
OBLIGATION BONDS, SERIES 2002B" and moved its adoption. Council Member
tqarkham seconded the motion to adopt. The roll was called and
the vote was,
AYES: Buol, Connors, Markham, Nicholson, Cline
NAYS: None
Whereupon, the Mayor declared the following Resolution duly adopted:
RESOLUTION NO. 95-02
RESOLU~FION DIRECTING SALE OF $1,000,000
GENERAL OBLIGATION BONDS, SERIES 2002B
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:
Bidder:
$1,000,000GENERALOBLIGATIONBONDS, SERIES 2002B:
RBC Dain Rauscher Inc. of West Des Moines, IA
the terms of said bid being:
Purchase Price: $ 990,000.00
Net Interest Rate: 4. 7348
Net Interest Cost $ 557,161.88
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DUBUQUE, IOWA:
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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 and Finance Director done in furtherance of the sale of said Bonds are hereby
ratified and approved.
PASSED AND APPROVED, this 20th day of February
,2002.
/s/ Dan Nicholson
ATTEST:
Jeanne F. Schneider, City Clerk
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CERTIFICATE
STATE OF IOWA
COUNTY OF DUBUQUE
)
)ss
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I, the undersigned City Clerk of Dubuque, Iowa, do hereby certify that attached is
a tree and complete copy of the portion of the corporate records of said Municipality
showing proceedings of the Council, and the same is a tree 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 han¢ and the seal of said Municipality hereto aftixed this
21st day of February, 2002.
/
/s/ Jeanne F. Schneider, City Clerk
Dubuque, Iowa
SEAL
DCORlqELLX309093\l \10422058
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