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Bonds Report of BidsREPORT OF BIDS City of Dubuque, Iowa $1,000,000 General Obligation Bonds, Series 2002B February 20, 2002 TO: Dubuque Mayor, City Council Members and Administration City of Dubuque, Iowa FROM: David Dirks EVENSEN DODGE, INC. SUBJECT: $1,000,000 General Obligation Bonds, Series 2002B Today, February 20, 2002, the sealed bids tabulated below were received, opened and reviewed. The bids reflect and are indicative of the current conditions in the tax- exempt market. BIDDER ADDRESS RBC Dain Rauscher Inc. West Des Moines, IA Bankers' Bank US Bancorp Piper Jaffray Salomon Smith Barney Bemardi Securities Madison, WI Minneapolis, MN Chicago, IL Chicago, IL $ NIC (%) TIR $557,161.88 4,7348% $567,660.63 4.7955% $564,999.20 4.8002% $569,781.88 4.8414% $570,869.38 4.8603% WE RECOMMEND AWARD TO: RBC DAIN RAUSCHER INC. Thank you for the opportunity to be of service to the City of Dubuque, Iowa. We are available to answer any questions you may have on this or any other issue in the future. 100 Court Avenue, Suite 215 Des Moines, IA 50309 515/282-6t38 FAX 515/282-0252