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Home My WebLink About1988-01-26 CorrespondenceY' P u CITYOF IOWA CITY FINANCIAL SUMMARY DECEMBER 1988 FUND/ACCOUNTBEGINNING GENERAL DEBT SERVICE CAPITAL PROJECTS ENTERPRISE TRUST A AGENCY IHTRAGOV. SERVICE SPECIAL ASSESSMENT SPECIAL REVENUE FUND BALANCE 2,711,720.32 1,193,756.06 71,120,122.68 17,311.910,79 13,967.973.16 974, 463, 4B 217,079.80 1.472.014.89 RECEIPTS 1,072.512,86 176,069.08 1.760 N42.91.00 1,779,344.99 213,572.73 49.817.94 3,034.18 249,909.96 DISBURSEMENTS 1,045, 957.82 415,162.50 1,229,472.92 1,155,129.21 214.655.54 94,374.77 56,000.00 237,120.90 ADJUSTMENTS TO BALANCE 773.788,13 ,00 -7,043.86 16,280.44 113.07 -2,105.98 .00 -383.031.82 ENDING FUND BALANCE 2,714,167.71 1,155.062.64 73,644,040.91 14,132,606,99 13,967,007.04 888,002.67 184,073,90 1,061,772.17 INVESTMENT BALANCE 7,237,848.77 1.155,062.64 77,644,040.81 14,148,788.34 13,967,007.09 888,002.67 184,077.98 1,061,772.17 CHECKING A/C -523,685 -523,685.02 7,018.63 .00 .00 ,00 .00 SUBTOTAL PAYROLL 712 LOAN LEASED HOUSING PUBLIC HOUSING 14OUSIND 22004 66_908_203.78-- -�- .00 721,768.27 73,763.11 .00 3-,-3-0-5-,-7-0-4-.-2-7 ---"-�-" -----" .00 168,046.01 10,890 .67 .00 4,447,173.68 ____________________ .00 .00 161,286.06 3,372.09 .00 .00 _ .00 .00 .00 .00 .00 67,766_717.97 _ .00 .00 330,328.24 80,881.72 .00 dBr 286 ,_600.74 ,00 00 370,460.42 80,800.72 .00 -319,866.37_ .00 67,02 1.00 ,00 SUBTOTAL 399_131.41--_-178_936_70----166_650_15------_-----00-- -411_409.96----411,341,14---------60.02- GRAND TOTAL 67,707,774.79 ......................................... 5.484.640.97 4,613,031.83.. .� .00 60,170,143.93 ........................................... 60,697,941.48 -519,797.55 • CHECKING ACCOUNT BALANCES ARE INTEREST BEARING ACCOUNTS WITH THE EXCEPTION OF PAYROLL. u TAXES LICENSES AND PERMITS FINES & FORFEITURES CHARGES FOR SERVICES INTERGOVERNMENT REV. USE OF MONEY & PROP. MISCELLANEOUS REV. LEASED HOUSING PUBLIC HOUSING Y SUMMARY OF RECEIPTS TOTAL GENERAL TOTAL SPECIAL GRAND TOTAL DECEMBER 31, 1987 328,796.13 24,102.94 45,352.87 920,700.37 1,312,467.20 623,927.30 1,043,426.03 4,298,772.84 168,046.03 10,890.67 178,936.70 4,477,709.54 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: GENERAL FUND 1ST. AVE. WASH & DRY LAUNDRY SERVICE 77.00 3M LSB2122 ELECTRICAL SUPPLIES 1,859.07 A T & T COMMUNICATIONS LONG DISTANCE CALLS 483.73 A T & T INFORMATION SYSTEMS TELEPHONE EQUIP. FEE 2,427.02 A. M. BEST CO. BOOKS (CAT./REF.) 44.00 ACCO UNLIMITED CORP. WATER/SEWAGE CHEM. 100.45 ADAMS, ANGELA INSTRUCTOR/OFFICIATE 3.20 ADAMS, BLYTHE LESSONS 5.00 ADVENTURE LIGHTING ELECTRICAL SUPPLIES 5,590.47 AERO RENTAL TOOLS & EQUIP. RENT. 85.26 AIR COOLED ENGINE SERVICES OTHER OPER. EQUIP. 465.02 AIRKEM SANITATION EQUIP. 86.79 AKES, LYNN MISCELLANEOUS 8.00 ALBEN, CHRIS MISCELLANEOUS -1.00 ALBRECHT, BRENT INSTRUCTOR/OFFICIATE 5.25 ALDERTON, J. MARK INSTRUCTOR/OFFICIATE 34.00 ALEXIS FIRE EQUIPMENT CO. SAFETY CLOTHING 1,581.56 ALL PETS VETERINARY CLINIC VETERINARY SERVICE 145.99 ALLEN, RANDI MISCELLANEOUS •-3.00 ALLIANCE OF POLICE & FIRE MISCELLANEOUS 1,175.00 ALLIED BUSINESS SYSTEMS OFFICE SUPPLIES 30.92 ALTORFER MACHINERY CO. EQUIPMENT RENTAL 2,990.00 AMERICAN APPRAISAL ASSOCIATES APPRAISAL SERVICES 5,775.00 AMERICAN BINDERY -MIDWEST LIB. MATERIALS REP 268.10 AMERICAN CHAMBER OF COMMERCE PRINT/REFERENCE 75.00 AMERICAN COMPUTER SUPPLY MISC EDP SUPPLIES 345.28 AMERICAN DELIVERY SERVICE FREIGHT 25.66 AMERICAN DIRECTORY PUBLISHING PRINT/REFERENCE 81.00 AMERICAN LIBRARY ASSOC. PAMPHLET FILE MAT. 201.84 AMERICAN RADIO RELAY LEAGUE PRINT/CIRCULATING 24.50 AMERICAN RED CROSS BOOKS (CAT./CIR.) 12.00 ANGLIN, THOMAS INSTRUCTOR/OFFICIATE 56.95 ANIMAL CLINIC, INC. VETERINARY SERVICE 364.50 ANIMAL TOWN GAME CO. GAMES 112.00 ANIMALS' AGENDA SUBSCRIPTION 18.00 ANTON, DUANE MISCELLANEOUS -2.00 AOSSEY, MONA MISCELLANEOUS -5.00 APPLELINK SERVICES SUBSCRIPTION 7.07 ASTRONOMICAL DATA SERVICE PRINT/REFERENCE 15.75 ATD-AMERICAN CO. EDP FURNITURE 95.77 AUDIO ODYSSEY OTHER OPER. EQUIP. 169.76 BABBITT, ALFRED LIQUOR BEER LICENSES 422.50 BABE RUTH BASEBALL AID TO AGENCIES 550.00 BACON PAMPHLET SERVICE, INC. PAMPHLET FILE MAT. 6.01 BAKER & TAYLOR CO. CLASSIFIED AV 3,460.97 BAKER & TAYLOR COMPANY PRINT/REFERENCE 79.11 BAKER & TAYLOR VIDEO NON-FICTION VIDEO 28.45 BAKER PAPER CO., INC. SANIT. & IND. SUPP. 131.48 BANTAM DOUBLEDAY DELL PRINT/CIRCULATING 449.88 BARBER, MARY ELLA INSTRUCTOR/OFFICIATE 10.50 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT BARFUNKEL'S & THE HOBBY SHOP BARNES & NOBLE BOOKSTORES OTHER UNCATALOG MAT. 57.55 BARRON MOTOR SUPPLY BOOKS (CAT./CIR.) ANIMAL SUPP. 27.16 BELUR, PRADEEP BERLITZ PUBLICATIONS, INC. BUILDING -ROOM RENTAL 28.99 30.00 BEST BUY CO. LIB. MATERIALS REP MINOR OFFICE EQUIP.6.45 BEST RENTAL CENTERS BLACKBOURN, INC. TOOLS & EQUIP. RENT. U 68.99 139.10 BLACKFORD, GREGG AUDIO VISUAL SUP MISCELLANEOUS 902.06 BLACKNAWK BLAKELY, SALLY NON-FICTION VIDEO -5.00 BLUE CROSS & BLUE SHIELD INS39.90 TRUCTOR/OFFICIATE DENTAL INSURANCE 198.00 BLUMS BLOOMS BONTRAGER, GARY PROFESSIONAL SERVICE 2.151.01 96.15 BOOKS ON TAPE INSTRUCTOR/OFFICIATE 36.00 BOOTH, BARBARA LIB. MATERIALS REP SALE OF ANIMALS5.00 BOOTHROY, DOUG TRAVEL 15.00 BORG-WARNER ACCEPTANCE CORP. BOUND TO STAY BOUND BOOKS OFFICE EQUIP. RENTAL 24.00 12,166.86 BOZEK, T.T., M.D. BOOKS (CAT./CIR.) MEDICAL SERVICE 146.59 BRADY, JANA BRAMWELL, JOHN INSTRUCTOR/OFFICIATE 116.00 34.20 BRANDTEESE HEATING & MISCELLANEOUS REP OF HEATING EQUIP 1.00 BREESE Co.,LAINC. BREWER, LARRY ELECTRICAL SUPPLIES 242.72 13.54 BRISKET C. CO. MISCELLANEOUS MINOR EQUIP. 5.00 BROT, ININ BROWNWN TRAFFIC PRODUCTS, INC. PRINT/CIRCULATING 55.69 100.90 BROWN, BONNIE TRAFFIC SIGNAL EQUIP MISCELLANEOUS 228.27 BROWN, GREGORY MISCELLANEOUS 5.00 5.00 BUCHANAN, KATY BUIJIM INSTRUCTOR OFFICIATE -1.00 14.40 , BUREEAUAU PLANNING LIBRARY INSTRUCTOR/OFFICIATE REFERENCE MATREIAI 133.00 SURGE, GARY GARY BUTLER PAPER INSTRUCTOR OFFICIATE 2.50 220.00 C. V. MOSBY CO. PAPER STOCK BOOK(S) 133.87 C. W. ASSOCIATESPRINT/REFERENCE 15.29 CAIN, PATT TRAVEL 19.00 CALVERT, JULIE MISCELLANEOUS 61.45 CAMPBELL, MARY LYN LESSONS 3.00 CAREER TRACK, INC. REGISTRATION 13.00 CAREW, KATIE CARTER, MICHAEL INSTRUCTOR/OFFICIATE 49.00 10.00 CELLETTI, JEAN MISCELLANEOUS1,00 INSTRUCTOR/OFFICIATE CENTER CITY PROPERTIES CHAMBERS RECORD & VIDEO CORP. BUILDING RENTAL 25.25 2,104.50 CHASE, CAROL LP DISC INSTRUCTOR/OFFICIATE 354.07 CHICORP FINANCIAL SERVICES CHILDRENS PRESS CAPITAL LEASE PRINCI 10.50 2,986.58 CHILTON BOOK CO. PRINT/CIRCULATING143.27 BOOKS (CAT./REF.) CHITTICK, JOHN CHRISTENSON, RON MISCELLANEOUS 39.84 5.00 CHRISTOPHERSON, TIMOTHY RESERVATIONS INSTRUCTOR/OFFICIATE -5.00 134.00 dmf COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT CHRYSLER FINANCIAL CORP. MISCELLANEOUS 3.00 CINEMA COLLECTORS SOCIETY VIDEO RECORDINGS 159.50 CITY ELECTRIC SUPPLY, INC. TRAFFIC SIGNAL EQUIP 1,300.45 CLARAHAN, JOHN MISCELLANEOUS -3.00 CLARK BOARDMAN CO., LTD. REFERENCE MATREIAL 72.74 COLEMAN, SUSAN INSTRUCTOR/OFFICIATE 126.00 COLLEGE BOARD PUBLICATIONS PRINT/REFERENCE 13.89 COLLINS, GEORGE MISCELLANEOUS 10.00 COMMERCE CLEARING HOUSE, INC. PRINT/REFERENCE 70.63 COMPUTERWARE DATA PRODUCTS OFFICE SUPPLIES 177.91 CONGRESSIONAL QUARTERLY, INC. PRINT/REFERENCE 87.50 CONSERVATION FOUNDATION BOOKS (CAT./CIR.) 3.50 CONTRACTOR'S TOOL & SUPPLY CO. TOOLS 928.73 CONVERSA-PHONE INSTITUTE, INC CLASSIFIED AV 112.38 COOK, DAWN INSTRUCTOR/OFFICIATE 8.00 COOK, JONI INSTRUCTOR/OFFICIATE 22.00 COOK, STEVEN MISCELLANEOUS 3.00 COOPER ELECTRONICS LAB. AUDIO VISUAL EQP REP 123.75 CRESCENT ELECTRIC SUPPLY CO. ELECTRICAL SUPPLIES 117.52 CRESTWOOD HOUSE BOOKS (CAT./CIR.) 114.98 CSPI/NUTRITION ACTION SUBSCRIPTION 14.95 DAILY IOWAN SUBSCRIPTION 30.00 DAVE LONG PROTECTIVE PRODUCTS TECHNICAL SERVICES 160.00 DAVITT, AMY INSTRUCTOR/OFFICIATE 33.50 DECO ENGINEERING PRODUCTS, INC PLANT EQUIP REP MAT 198.88 DELONG, JOYCE DUES & MEMBERSHIPS 30.00 DEMCO, INC. MISCELLANEOUS SUPP. 36.49 DEPARTMENT OF GENERAL SERVICES BOOK(S) 5.00 DEPARTMENT OF PUBLIC SAFETY TRACIS 430.00 DEPPE, CHARLES MISCELLANEOUS 5.00 DERGGAN, JAMES II MISCELLANEOUS -3.00 DES MOINES REGISTER & TRIBUNE DATA PROCESSING 70.00 DESTERHAFT, JANICE INSTRUCTOR/OFFICIATE 125.00 DIGITAL EQUIPMENT CORP. MINI -COMPUTER REPAIR 1,046.00 DIVISION OF LABOR SERVICES REP & MAINT TO BLDG. 5.00 DOLE, CINDY INSTRUCTOR/OFFICIATE 30.15 DORR, ANDREA INSTRUCTOR/OFFICIATE 108.65 DOWNTOWN ASSOC. OF IOWA CITY MISCELLANEOUS SUPP. 56.00 DRISCOLL, CATHY INSTRUCTOR/OFFICIATE 28.00 DRISCOLL, SCOTT INSTRUCTOR/OFFICIATE 12.00 DRUG TOWN N2 FILM PROCESSING 101.87 DUFFY, THOMAS INSTRUCTOR/OFFICIATE 30.15 DUMONT, KATHLEEN INSTRUCTOR/OFFICIATE 5.25 EARL MAY SEED & NURSERY CO. PLANTS 19.79 EBELHACK, CINDY INSTRUCTOR/OFFICIATE 66.00 EBSCO SUBSCRIPTION SERVICES CASSETTE 2.67 ECKRICH, MARGARET MISCELLANEOUS 5.00 ECONOMY DATA PRODUCTS PAPER 555.75 EDMUND PUBLICATIONS CORP. PRINT/REFERENCE 30.15 EDUCATIONAL GRAPHICS PRESS CLASSIFIED AV 11.20 EIPZOA REFERENCE MATREIAL 4.16 ELECTRIC MOTORS OF IOWA CITY MINOR EQUP. REP. MAT 83.55 ELSON, WILLIAM MISCELLANEOUS 5.00 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT EMERGENCY RESOURCE, INC. ENGEL, LANA EDUC./TRAINING SUPP. ENGEL, LISA INSTRUCTOR/OFFICIATEINSTRU 406.29 10.00 ERB'S OFFICE SERVICES, INC. EWERS TOROFFI OFFICECSUPPLIESCIATE 17.50 MENS STORE F STOP MISCELLANEOUS 468.48 FEERARON FEDERAL EXPRESS PHOTO SUPP. & EQUIP. BOOKS (CAT./CIR.) 10.00 2 33-07 CORP. FERRARI, NANCY POSTAGE 33.50 48.60 FESLER'S, INC. INSTRUCTOR/OFFICIATE 8.60 FIFACILES, L FORMS FINANCIAL FORMS UNIFORM CLOTHING INSTRUCTOR/OFFICIATE 9.99 54.00 & SUPPLIES FIRST NATIONAL BANK OUTSIDE PRINTING 54.00 382.02 FLANSBURG, DAVID FLEETWAY STORES, INC. POSTAGE WITNESS FEE 74.59 12.20 FLUTS, FORD SAFETY CLOTHING MISCELLANEOUS 8.95 PUBLISHING, PUBBLISHING, INC. FORKER, DENNIS REFERENCE MATREIAL -2.00 29'75 FOSSE, RICHARD FRANK, PAUL MISCELLANEOUS DUES & MEMBERSHIPS 2.00 FREEMAN LOCK & ALARM, INC. MISCELLANEOUS REPAIR OF 40.00 3.00 FRENCH, J. F,N OFFICE STRUCTURE MISCELLANEOUS 560.78 SUPPLY FULLER, DOUG OFFICE SUPPLIES -2.00 350.64 G. K. HALL & CO. INSTRUCTOR/OFFICIATE 16.00 GAFFER, BRIAN GALE RESEARCH CO. CASSETTE INSTRUCTOR/OFFICIATE 22.00 GJOHN PRINT/REFERENCE 9.00 166.10 RDES,, GEDOROTHY INSTRUCTOR/OFFICIATE ENTRY FEES 190.95 GERSTNTNEGREG GLABRIAN RIAN MISCELLANEOUS 15.00 GLASGOW OW CONST, CO. MISCELLANEOUS MISCELLANEOUS -3.00 -1.00 GMAC GNADE, GARY MISCELLANEOUS 3.00 -3.00 GNADE, KATHY GOODFELLOW PRINTING, INC. MISCELLANEOUS TECHNICAL SERVICES 8.00 37.50 GOODWILL INDUSTRIES GOVERNMENT OUTSIDE PRINTING HOUSEHOLD EQUIP. 455.26 FINANCE OFFICERS GOWER PUBLISHING CO. FINANCIAL SERV & CHG 14.00 4 GRIFFIN, LOU BOOKS (CAT./REF.) 62.90MISCELLANEOUS GRIFHORST, JAMES GRINGER FEED & GRAIN, INC. MI MISCELLANEOUS 5.00 3.00 H & W MOTOR EXPRESS CO. AG FREIGHT 7.10 HACAP HACH BROTHERS CO., INC. WORK STUDY WAGES SANITATION 39.80 37.50 HAMS, KELLY HANSEN LIND SUPP. INSTRUCTOR/OFFICIATE 1,688.30 HARNEY, PATRICK CK HARPER, TANYA ARCHITECTURAL SERV. UNIFORM ALLOWANCE 1,714.01 HARRY'S CUSTOM TROPHIES, LTD. INSTRUCTOR/OFFICIATE RECREATIONAL 8.39 444.00 HARTZLER, ROBERT AD, NANCY SUPP. MISCELLANEOUS 800.00 8.00 MASS, DEBORAH MISCELLANEOUS LESSONS -5.00 6.00 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT HASS, ELIZABETH HAVEL, EILEEN INSTRUCTOR/OFFICIATE 25.00 HAWKEYE AREA LAND RENTAL 12.00 161.50 HAWKEYE MEDICALMMUNITY SUPPLY,ACTION INC. HAWKEYE PEST CONTROL, INC. FIRSTRARY AID &MPLOYEES SAFF. SUP 60.76 HAWKEYE WELD & REPAIR BLDG PEST CONTROL OTHER REP. & MAINT. 20.00 HAYEK, HAYEK, HAYEK & HOLLAND HDC BUSINESS ATTORNEY SERVICE 1.22 4,22661.90 FORMS CO. HEMMING, MICHELLE OUTSIDE PRINTING INSTRUCTOR/OFFICIATE 3.89 882.00 HENNAGER, JOSEPH MISCELLANEOUS 5.00 HENRY LOUIS, INC. FILM HERMIE, JACQUIE INSTRUCTOR/OFFICIATE 19.43 80.00 HERZON, STEVE HIGHSMITH CO., INC. MISCELLANEOUS5.00 HILLER, RICHARD AUDIO VISUAL SUP MISCELLANEOUS 49.24 HIX, CHUCK HOLIDAY WRECKER & CRANE SERV. INSTRUCTOR/OFFICIATE TOWING 1.00 84.00 HOMEISTER, WILLARD MISCELLANEOUS 55.00 2.00 HORA, GEORGE HORIZON SOCIETY PUBLICATIONS SAFETY SHOES BOOKS (CAT./CIR.) 70.00 HOUCHEN BINDERY LTD. LIB. MATERIALS REP 2.00 92,44 HOWELL, ROBERT TRAVEL HUNEY VAUGHN & ASSOCIATES SHORTHAND REPORTER 168.27 231.30 HUNTZINGER, AL HY-VEE FOOD STORE #1 INSTRUCTOR/OFFICIATE 242.00 HY-VEE FOOD STORE #3 RECREATIONAL SUPP. MISCELLANEOUS 58.32 IBM CORP. ICMA RETIREMENT CORP. PRIOR YEAR ENCUMB. 523.23 229.00 IMMIGRATION IPERS BOOKCAT CIR. 576.92 INDEPENDENT INSURANCEOAGENTS INGRAM COMPS LIABILITY INS. 14.95 21,085.00 INGRAM SOFTWARE, INC. VIDEO RECORDINGS COMPUTER SOFTWARE 415.51 INTERCHURCH COUNCIL BOOKS (CAT./REF.) 25.70 10.00 INTERNAL MEDICINE INTERNATIONAL ASSOC. OF CHIEFS CERTIFICATIONS DUES & MEMBERSHIPS 602.00 INTERNATIONAL CITY MANAGEMENT DUES & MEMBERSHIPS 250.00 868.84 INTERNATIONAL INSTITUTE OF DUES & MEMBERSHIPS 50.00 IOWA ASSOC. OF PROFESSIONAL DUES & MEMBERSHIPS 65.00 IOWA BOOK & SUPPLY CO. IOWA CITY AREA DEVELOPMENT OFFICE SUPPLIES MEALS 102.62 IOWA CITY BOYS BASEBALL AID TO AGENCIES 87.00 550.00 IOWA CITY GIRLS SOFTBALL IOWA CITY PETTY CASH AID TO AGENCIES 550.00 IOWA CITY PRESS -CITIZEN XMAS LIGHTS LEGAL PUBLICATIONS 233.81 1,229.33 IOWA CITY READY MIX, INC. CONCRETE 361.98 IOWA CITY REC. CTR. PETTY CASH STAMPS 47.52 IOWA 41.12 1 215.00 IOWA DEPT. OFAEMPLOYMENT SERV. REPFIONAL OFSHEATINGERVICE EQUIP IOWA DEPT. OF TRANSPORTATION REFERENCE MATREIAL 28.50 IOWA FEDERATION OF HUMANE DUES & MEMBERSHIPS 25.00 IOWA ILLINOIS GAS & ELECTRIC HEATING FUEL/GAS 40,498.89 IOWA PAINT MANUFACTURING CO. PAINT & SUPPLIES 17.65 IOWA SPORTS SUPPLY CO. RECREATIONAL SUPP. 123.50 M 'a COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT IOWA STATE BANK - FICA FICA 24,504.82 IOWA STATE INDUSTRIES TRAFFIC CTRL IMP MAT 1,408.98 IOWA STATE TREASURER SALES TAX SALES TAX COLLECTED 77.40 IOWA STATE UNIV. CONTINUING ED REGISTRATION 225.00 IPERS IPERS 13,841.20 IRELAND, LISA SHORTHAND REPORTER 467.90 JACK, GAIL LESSONS 13.00 JACKS DISCOUNT, INC. TOOLS 56.64 JANSSEN, JOHN MISCELLANEOUS 6.00 JAO, SITYH-YEU BUILDING -ROOM RENTAL 83.00 JCEL, INC. MISCELLANEOUS 2.80 JOBA TRADING, INC. NON-FICTION VIDEO 62.45 JOHNSON CONTROLS, INC. REP & MAINT TO BLDG. 473.00 JOHNSON COUNTY AUDITOR REFERENCE HATREIAL 14.00 JOHNSON COUNTY SHERIFF SHERIFF FEE 44.70 JOHNSON COUNTY TREASURER CARE OF PRISONERS 40.00 JOHNSON, LISA MISCELLANEOUS 3.00 JOHNSON, PAM INSTRUCTOR/OFFICIATE 42.00 JOHNSON, TRACEY INSTRUCTOR/OFFICIATE 35.75 JORM MICROLAB, INC. MICROFILM 411.35 K MART #4315 RECREATIONAL SUPP. 140.37 KAAS, NANCY MISCELLANEOUS 5.00 KAPLAN COMPANIES TOYS 59.24 KASSEL, STEPHANIE INSTRUCTOR/OFFICIATE 10.80 KATES, KAREN INSTRUCTOR/OFFICIATE 24.40 KEISER, JAYNE MISCELLANEOUS 27.00 KEL-WELCO MIDWEST, INC. TOOLS & MINOR EQUIP. 70.07 KELLEY, VERNE MISCELLANEOUS 2.00 KELLY, KEVIN MISCELLANEOUS 5.00 KING, PAUL INSTRUCTOR/OFFICIATE 72.00 KIRKWOOD COMMUNITY COLLEGE REGISTRATION 20.00 KLOSTERMAN, HENRY NON -CONTRACTED IMPRV 2,390.00 KNIGHT, LIESL INSTRUCTOR/OFFICIATE 40.00 KNIGHT, MARILYN INSTRUCTOR/OFFICIATE 144.00 KNIPPER, RICHARD LESSONS 13.00 KOFFRON, MARY ELLEN MISCELLANEOUS 19.00 KRAMES COMMUNICATIONS PAMPHLET FILE MAT. 30.55 KREI, BRIAN UNIFORM ALLOWANCE 5.72 KUEHN, DAVID INSTRUCTOR/OFFICIATE 40.00 KYLES, RODNEY BUILDING -ROOM RENTAL 78.00 L. L. PELLING CO., INC. ASPHALT 75.74 LARANG, DAMIEN MISCELLANEOUS -5.00 LAREW CO., INC. REP OF HEATING EQUIP 117.58 LAWRENCE MACHINE SHOP MINOR EQUIP REP 5.88 LAWYERS CO-OPERATIVE PUB. CO. REFERENCE MATREIAL 375.15 LECHTMAN, PAMELA BOOKS (CAT./CIR.) 6.00 LENOCH & CILEK TOOLS & MINOR EQUIP. 36.94 LIBERTY MACHINE & WELDING MINOR EQUP. REP. MAT 4.75 LIBRARY PUBLICATIONS FUND PRINT/CIRCULATING 10.00 LIN, YIN MISCELLANEOUS 6.00 LIND'S PRINTING SERVICE, INC. PRINTING SUPPLIES 388.40 LINDSEY, KEVIN INSTRUCTOR/OFFICIATE 72.00 LONGFELLOW SCHOOL P.T.A. RESERVATIONS -7.00 Al A COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT LONGLEY TIME SYSTEMS OFFICE SUPPLIES 30.40 LOVIG, TERESA INSTRUCTOR/OFFICIATE 115.80 LUMPA, JOHN CERTIFICATIONS 31.70 MARIAI, FRANK MISCELLANEOUS 3.00 MARTIN'S PAINT CENTER PAINT & SUPPLIES 71.88 MARV'S GLASS SPECIALTIES, INC. REPAIR OF STRUCTURE 9,410.80 MASKE, LISA INSTRUCTOR/OFFICIATE 62.00 MASSACHUSETTS MEDICAL SOCIETY SUBSCRIPTION 26.00 MASTERCARD DEPARTMENT TRAVEL 468.34 MATASAR, SHARON INSTRUCTOR/OFFICIATE 171.00 MATTHEW BENDER & CO., INC. BOOK(S) 816.05 MCCRACKEN, JAY BUILDING -ROOM RENTAL 100.00 MCCUE, KEVIN INSTRUCTOR/OFFICIATE 89.20 MCKILLIGAN, ANN INSTRUCTOR/OFFICIATE 89.40 MCLAUGHLIN, MIKE INSTRUCTOR/OFFICIATE 24.00 MEANS SERVICES, INC. UNIFORM SERVICE 709.65 MEDICAL ASSOCIATES PHYSICALS 260.00 MERCY HOSPITAL X-RAYS 516.35 MIDWEST JANITORIAL SUPPLY CORP MINOR EQUIP REP 68.16 MIKE ALBERT LEASING, INC. MISCELLANEOUS 5.00 MILDER, DOUGLAS MISCELLANEOUS -3.00 MILLARD-SANBORN, LYNNDA INSTRUCTOR/OFFICIATE 84.00 MILLER, ANDREA INSTRUCTOR/OFFICIATE 35.20 MILLER, JANICE INSTRUCTOR/OFFICIATE 35.05 MILLER, LISA INSTRUCTOR/OFFICIATE 6.40 MISTI MINICOMP SFTWR MAINT 375.00 MITCHELL, JAMES MISCELLANEOUS -17.00 MODERN BUSINESS SYSTEMS, INC. OFFICE EQUP REP 82.68 MOELLER, JILL WITNESS FEE 7.40 MONTGOMERY ELEVATOR CO. REP & MAINT TO BLDG. 175.36 MOORE, JENNIFER INSTRUCTOR/OFFICIATE 46.80 MORGENSEN, KENNETH MISCELLANEOUS 5.00 MOSSMAN, DEB INSTRUCTOR/OFFICIATE 119.60 MOTT, PATSY INSTRUCTOR/OFFICIATE 10.50 MPC NEWSPAPERS OUTSIDE PRINTING 292.70 MURPHY, ED INSTRUCTOR/OFFICIATE 200.00 MUSICIANS PERFORMANCE TRUST TECHNICAL SERVICES 60.00 MUTUAL BENEFIT LIFE INSURANCE DISABILITY INSURANCE 1,814.28 NAGLE LUMBER CO. WATER/SEWAGE CHEM. 178.38 NATIONAL AUDIO/VIDEO SERVICE AUDIO VISUAL EQP REP 65.00 NATIONAL COUNCIL ON THE AGING DUES & MEMBERSHIPS 145.00 NATIONAL INFORMATION DATA REFERENCE MATREIAL 29.95 NATIONAL PURCHASING INSTITUTE DUES & MEMBERSHIPS 75.00 NEDOBA, TIMOTHY INSTRUCTOR/OFFICIATE 80.40 NEVERMAN, DENNIS MISCELLANEOUS 5.00 NEW CAREERS CENTER BOOKS (CAT./REF.) 62.90 NEW PIONEER CO-OP MISCELLANEOUS 5.00 NEW WORLD RECORDS AUDIO 26.80 NEWMIRE, DOROTHY MISCELLANEOUS 5.00 NOEL'S TREE SERVICE TREE TRIM/REMOVAL 3,250.00 NORD, MICHELLE MISCELLANEOUS 2.00 NORTH AMERICAN GRAPHICS, INC. OTHER IMPROVE. MAT. 125.00 NORTH BAY COMPUTERWARE OTHER OFF. FURN/EQUI 219.90 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT NORTHWEST FABRICS MISCELLANEOUS SUPP. 20.94 NORTHWESTERN BELL TELEPHONE EQUIP. FEE 4,696.81 O'BRIAN, DENNIS MISCELLANEOUS 3.00 ORCO BOOKS, MAG., NEWSPAP 16.29 OSCO DRUG FILM 17.29 OVERHEAD DOORS & MORE, INC. REPAIR OF STRUCTURE 5,560.50 OWENS, HENRY MISCELLANEOUS 6.00 PARKS, J. M. MISCELLANEOUS -2.00 PASSON'S SPORTS RECREATIONAL SUPP. 209.88 PATTERSON, SARAH MISCELLANEOUS 5.00 PAUL'S SANITATION SUPP. 179.42 PAYNE, MICHAEL MISCELLANEOUS 5.00 PAYROLL RECAP PAYROLL 4 -DEC -87 591,985.47 PENICK, HAL DUES & MEMBERSHIPS 60.00 PEPPERS, MARK MISCELLANEOUS -1.00 PERFECTION FORM CO. BOOKS (CAT./CIR.) 15.43 PICKENS, CRAIG INSTRUCTOR/OFFICIATE 18.00 PICKUP, SUE INSTRUCTOR/OFFICIATE 44.00 PIP OUTSIDE PRINTING 72.90 PITNEY BOWES OFFICE EQUIP. RENTAL 96.75 PLANTS ALIVE NURSERY SERVICES 35.00 PLUMBERS SUPPLY CO. PLUMBING SUPPLIES 627.45 POPULAR SCIENCE BOOK CLUB BOOKS (CAT./CIR.) 32.42 PRATT AUDIO-VISUAL & VIDEO AUDIO VISUAL EQP REP 27.50 PREDICAMENT PRINT/CIRCULATING 12.00 PROFESSIONAL TURF SPECIALTIES OTHER VEH. EQUIP. 6,450.00 PUBLIC MEDIA, INC. NON-FICTION VIDEO 44.00 PUROLATOR COURIER CORP. FREIGHT 7.80 QUALITY BOOKS, INC. BOOKS (CAT./CIR.) 17.17 QUERRY, RICHARD MISCELLANEOUS 3.00 QUICKSILVER, INC. MISCELLANEOUS 5.00 QUINN, JULIE INSTRUCTOR/OFFICIATE 15.00 QUIXOTE PRESS BOOKS (CAT./CIR.) 12.95 R. M. BOGGS CO. REP OF HEATING EQUIP 2,415.47 R. R. BOWKER PRINT/REFERENCE 428.61 RANDOM HOUSE, INC. BOOKS (CAT./CIR.) 11.56 REFEREE BOOKS, MAG., NEWSPAP 19.95 REGENT BOOK CO., INC. PRINT/CIRCULATING 29.38 RESCHLY, ERICA MISCELLANEOUS 3.00 RICHMOND, MIRIAM INSTRUCTOR/OFFICIATE 10.50 RILEY, JOHN INSTRUCTOR/OFFICIATE 20.00 RIVER PRODUCTS CO. SAND 636.04 ROBERTS CONST. BUILDING IMPROVEMENT 3,749.13 ROTO -ROOTER OTHER REP. & MAINT. 48.50 ROURKE PUBLISHING GROUP BOOKS (CAT./CIR.) 349.40 ROURKE, HESTER LESSONS 6.50 S. J. PROPERTIES MISCELLANEOUS 554.55 SABIN, P. A. MISCELLANEOUS 3.76 SAMUEL FRENCH, INC. BOOKS (CAT./CIR.) SANDRA, AMY MISCELLANEOUS 1.00 SAUNDERS, DOUGLAS MISCELLANEOUS 5.00 SCHENKELBERG, ERIC INSTRUCTOR/OFFICIATE 98.00 SCHNURR, JERRY MISCELLANEOUS 5,00 Im' COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT SCHULTZ, RICHARD SELZER CONST. CO., INC. INSTRUCTOR/OFFICIATE 24.00 SENIO, FALANIKO NON -CONTRACTED IMPRV INSTRUCTOR/OFFICIATE 450.00 SERVICEMASTER CLEANING SERVRVPRO. REP & MAINT TO BLDG. 36.00 SEYMOUR SEYMOUR, KRISTINE REPAIR OF FURNISHING 2,495.35 310.80 SHAEVALYN INSTRUCTOR/OFFICIATE 36.00 SHAYY ELECTRIC SPECIAL EVENTS 16.00 SHEIRBON, JUDY REP OF ELECTRIC PLBG / 886.00 SILVERDURDETT MISCELLANEOUS SUBSCRIPTION -2.00 CO.ILL SILVER BURDETT CO39.30 SISTEVE BOOKS (CAT./CIR.) 15.93 SIOOUXUX SALES S CO. CERTIFICATIONS FIRE ARMS SUPPLIES 25.00 SLATER APPLIANCES SLATTERY, SARAH OTHER OFF. FURN/EQUI 31-52 1,118.00 SLAVIN, ROSS INSTRUCTOR/OFFICIATE 12.00 SMEAL FIRE EQUIPMENT CO. MISCELLANEOUS SAFETY CLOTHING -5.00 SMEINS, CATHERINE MISCELLANEOUS 6,001.15 SMOTHERS, DAVID SOMMER, SCOTT INSTRUCTOR/OFFICIATE -2.00 85.00 SOUTHGA RDEVELOOZANNE MISCELLANEOUS LESSONS -1.00 SOUTHGATE DEVELOPMENT CO., INC BUILDING RENTAL 13.00 SPAZIANI, CAROL STANDARD BLUE BOOKS (CAT./CIL.) 2,333.62 15.00 STANSKE, EVELYN OFFICE SUPPLIES UCT INSTROR/OFFICIATE 146.68 STATE LIBRARY OF IOWA STATE OF IOWA DIV. OF LABOR MISCELLANEOUS SUPP. 10.50 3.50 STEIN, MERRILL REP & MAINT TO BLDG. MISCELLANEOUS 44.00 STEP-BY-STEP GRAPHICS PRINT/REFERENCE 32.00 STEVENS SAND & GRAVEL CO., INC SAND 42.00 STEWART, THOMAS INSTRUCTOR/OFFICIATE 70.22 STIERMAN, DANA STIINC. INSTRUCTOR/OFFICIATE 8.00 13.85 STONNEE,, TERRY RECREATIONAL SUPP. BUILDING -ROOM RENTAL 23.67 STRYKER -POST PUBLICATIONS PRINT/CIRCULATING 100.00 SUEPPEL, WILLIAM SUMMERS, MELISSA INTERVIEW TRAVEL EXP 48.40 77.76 SWEET DOOR CO. INSTRUCTOR/OFFICIATE 16.30 SYDNEY LANER & CO. REP & MAINT TO BLDG. RECREATIONAL SUPP. TAYLOR INDUSTRIES, INC. TEMPLETON,ERI INC. REP & MAINT TO BLDG. 118.77 151.90 TEMPLETON, ERIC OUTSIDE PRINTING INSTRUCTOR/OFFICIATE 479.74 TERMINIX INTERNATIONAL BLDG PEST CONTROL 18.00 THARP, CLAUDIA MISCELLANEOUS 39.00 THOMAS, DWAYNE2.00 THORNDIKE PRESS INSTRUCTOR/OFFICIATE 125.00 TIFFIN METAL PRODUCTS BOOKS (CAT./CIR.) MINOR EQUP. REP. MAT 31.39 TIME -LIFE BOOKS AUDIO 175.14 TODD CORP. TOWNCREST INTERNAL MEDICINE LAUNDRY SERVICE CERTIFICATIONS 19.94 770.93 TRAVEL CONCEPTS, INC. AIR FARE 150.00 TROYER, TODD TUCKER, JOAN PARKING FINES, TRF. 238.00 -5.00 DUES & MEMBERSHIPS 60.00 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT TWIN TOWER ENTERPRISES, INC. VIDEO RECORDINGS 16.62 U OF IA. ACCOUNTS RECEIVABLE DATA PROCESSING 2.00 U OF IA. BUSINESS OFFICE WORK STUDY WAGES 653.15 U OF WISCONSIN -EXTENSION REGISTRATION 175.00 U. S. POST OFFICE POSTAGE 1,500.00 U. S. POST OFFICE - OTHER BULK MAILING 3,221.35 UNIFORM DEN, INC. UNIFORM CLOTHING 1,540.90 UNION COUNTY FILM SERVICE FILM RENTAL 41.00 UNIVERSAL CLIMATE CONTROL, INC BLDG. & IMPROVE. MAT 245.00 UNIVERSITY BOOK STORE MISC. PERIPHERALS 18.90 UNIVERSITY CAMERA FILM 183.78 URBAN LIBRARIES COUNCIL DUES & MEMBERSHIPS 100.00 URBAN, PHYLLIS INSTRUCTOR/OFFICIATE 234.00 USA VIDEO SERVICE OF AMERICA VIDEO RECORDING TAPE 314.40 VAN DIXHORN, GLORIA INSTRUCTOR/OFFICIATE 21.00 VESPA, ANNE HOUSING APPEALS FEE 30.00 VINEYARD, GENE INSTRUCTOR/OFFICIATE 110.00 VISIONS FOUNDATION PRINT/CIRCULATING 18.00 WAJDA, LYNN INSTRUCTOR/OFFICIATE 51.80 WALTON, SEAN MISCELLANEOUS 150.00 WEIDEMAN, MARY A. ELECTRICITY CHARGES 61.23 WEST PUBLISHING CO. REFERENCE MATREIAL 214.50 WESTGATE, HAZEL MISCELLANEOUS SUPP. 20.00 WHEELCHAIR WORKOUT RECREATIONAL SUPP. 16.75 WILHITE, CHARLES RESERVATIONS 20.00 WILSON WELDING MINOR EQUIP REP 20.00 WM. NOWYSZ AND ASSOCIATES ZONING & SUBDV. FEES 160.00 WOLVERINE SPORTS RECREATIONAL SUPP. 18.70 WOODBURN SOUND SERVICE REP OF ELECTRIC/PLBG 308.55 YAPP, ROBERT LESSONS 6.00 YERINGTON, KATHY INSTRUCTOR/OFFICIATE 53.60 ZELLWEGER, HANS LESSONS 6.50 ZEUTENHORST, BRAD INSTRUCTOR/OFFICIATE 111.20 ZYTRON MICROFISCHE 215.90 FUND TOTAL 863,608.03 .r /a/ V .T COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: DEBT SERVICE FUND BANK OF NEW YORK GO BOND INT 26,500.00 BENTON COUNTY BANK & TRUST CO. GO BOND INT 607.50 CHASE MANHATTAN BANK, N.A. GO BOND INT 44,055.00 FEDERAL HOME LOAN BANK OF GO BOND INT 812.50 FEDERAL RES. BANK OF CHICAGO GO BOND INT 30,785.00 FIRST INTERSTATE BANK OF DES GO BOND INT 57,285.00 FIRST NATIONAL BANK GO BOND INT 4,302.50 FIRST NATIONAL BANK OF CHICAGO GO BOND INT 38,057.50 HAWKEYE STATE BANK GO BOND INT 937.50 IOWA STATE BANK & TRUST GO BOND INT 825.00 LE MARS SAVINGS BANK GO BOND INT 650.00 LOEFFELHOLZ, KAY GO BOND INT 130.00 NATIONAL BANK OF WATERLOO GO BOND INT 1,430.00 PEOPLES BANK & TRUST CO. GO BOND INT 1,575.00 SECURITY PACIFIC CLEARING & GO BOND INT 3,532.50 SECURITY PACIFIC CLEARING AND GO BOND INT 825.00 VARIOUS BOND OWNERS REGISTERED BOND INT. 198,537.50 VICTORIA BANK & TRUST CO. GO BOND INT 4,050.00 WESTENDORF, ANDREW J. GO BOND INT 265.00 FUND TOTAL 415,162.50 ®®/ COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: CAPITAL PROJECTS A T & T COMMUNICATIONS LONG DISTANCE CALLS 38.28 B. L. ANDERSON, INC. AG CHEMICALS 4,363.00 BEST RENTAL CENTERS RENTALS 266.78 BLACK & VEATCH ENGINEERING SERVICES 10,810.13 CEDAR RAPIDS AND IOWA CITY LAND PURCHASE 23,426.00 CITY CARTON CO., INC. LAND PURCHASE 224.00 CITY ELECTRIC SUPPLY, INC. TRAFFIC CTRL IMP MAT 2,430.07 CONTRACTOR'S TOOL & SUPPLY CO. PLUMBING SUPPLIES 69.54 CRESCENT ELECTRIC SUPPLY CO. ELECTRICAL SUPPLIES 187.02 FEDERAL EXPRESS CORP. POSTAGE 57.50 GILPIN PAINT & GLASS, INC. ELECTRICAL SUPPLIES 71.68 IOWA CITY PRESS -CITIZEN LEGAL PUBLICATIONS 11.51 IOWA ELECTRIC LIGHT & POWER CO LAND PURCHASE 4,709.28 IOWA PAINT MANUFACTURING CO. PAINT & SUPPLIES 74.05 IOWA STATE BANK - FICA FICA 330.25 IOWA -ILLINOIS GAS & ELECTRIC NON -CONTRACTED IMPRV 1,561.32 IPERS IPERS 249.11 KINGIRON CONST. CO. CONTRACTED IMPRV. 10,363.20 LARSON CONST. CO., INC. CONTRACTED IMPRV. 496,931.40 METRO PAVERS, INC. CONTRACTED IMPRV. 23,331.39 NAGLE LUMBER CO. BLDG. & CONST. SUP. 50.83 NNW, INC. ENGINEERING SERVICES 2,103.75 NORTHWESTERN BELL LONG DISTANCE CALLS .03 OVERHEAD DOOR CO. BUILDING IMPROVEMENT 382.00 PAYROLL RECAP PAYROLL 4 -DEC -87 4,618.74 PHELAN, TUCKER, BOYLE & MULLEN PROFESSIONAL SERVICE 1,481.25 SECURITY ABSTRACT CO. ABSTRACTS 660.00 SHIVE-HATTERY ENGINEERS CONSULTANT SERVICES 8,642.36 STREB CONST. CO., INC. CONTRACTED IMPRV. 2,172.85 VALMONT INDUSTRIES, INC. TRAFFIC SIGNAL EQUIP 3,414.00 FUND TOTAL .............. 603,031.32 m COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: ENTERPRISE FUNDS A T & T COMMUNICATIONS A T & T INFORMATION SYSTEMS LONG DISTANCE CALLS 122.11 A -L -L EQUIPMENT TELEPHONE EQUIP. FEE MINOR EQUP. 365.11 A. A. Y. MCDONALD MFG. CO. ACTON MOBILE INDUSTRIES, INC. REP. MAT WATER SYS IMPR MAT 1,582.94 AERO CONCRETE SAWING & . BLDG&CONST. SUP. REP $ MAINT 105.00 AERO RENTAL AFFORDABLE FURNITURE TO BLDG. TOOLS & EQUIP. RENT. 275.00 18.75 ALLISON, BRADFORD S AMERICAN WATER OVERPAYMENT WATER OVERPAYMENT 16.99 PUBLIC TRANSIT ASSOC. APACHE HOSE & BELTING, INC. SUBSCRIPTION -12.32 56.00 APPLIANCE TV & VIDEO MART ASSOCIATED PLUMBING SUPPLIES WATER OVERPAYMENT 179.90 BAG CO. AVERS, JENNIFER SANITATION SUPE. 31.11 67.56 BEARING SERVICE CO., INC. WATER OVERPAYMENT MINOR EQUP. REP. 12.14 BENGE, CHRIS BEST RENTAL CENTERS MAT RAMP PERMITS 32.99 19.50 BISHOP, RANDY BLUE TOOLS & EQUIP. RENT. WATER OVERPAYMENT 487.92 CROSS & BLUE SHIELD BOB VOLLBRECHT & ASSOCIATES DENTAL INSURANCE 22.88 841.57 BOYLE, KATHLEEN A MINOR EQUP. REP. MAT WATER OVERPAYMENT 2.004.98 BRANDT HEATING & BREWER, STEVEN REP OF COOLING EQUIP EQ 33.89 32.50 BRINTON, EDWARD WATER OVERPAYMENT TRAVEL 29.12 BROWER, ALLIENE BROWN, RICK MISCELLANEOUS 36.21 218.21 BUTTERBAUGH, DONNA K CAPITOL SAFETY SHOES WATER OVERPAYMENT 10.00 PROPANE GAS CO., INC. CASKEY, KAREN FUELS 20.21 164.15 CHASE MANHATTAN BANK, N.A. WATER OVERPAYMENT REV BONDS INTEREST 33.89 CITY ELECTRIC SUPPLY, INC. CLERICAL RECAP ELECTRICSUPPLIES AL ALDEC-87 10,380.00 23.72 COLT INDUSTRIES PAYROLL MISCELLANEOUS 2,153.89 CONTRACTOR'S TOOL $ SUPPLY CO. TOOLS 593.49 COOMBES, JAMES E CRESCENT ELECTRIC SUPPLY CO. WATER OVERPAYMENT 117.48 10.69 CULLIGAN ELECTRICAL SUPPLIES 109.44 DAIN O , INC. EQUIPMENT RENTAL REV BOND PRINCIPAL 38.45 DAVENPPORTRT BANK AND TRUST CO. DI -CHEM CO. REV BOND PRINCIPAL 10,190.00 5,057.00 DOUGLAS DILEAGLE PRIOR YEAR ENCUMB. WATER OVERPAYMENT 1,660.00 E F EAGLE FOOD CENTER k220 ELECTRIC MOTORS OF IOWA SANITATION SUPP. 10.69 13.80 CITY ENYART, J. C. MINOR EQUP, REP. MAT 34.60 EYMAN, DARRELL REV BOND PRINCIPAL 10,000.00 F,4NDEL, INC. WATER OVERPAYMENT 22.84 FEDERAL RES. BANK OF CHICAGO MINOR EQUP. REP. MAT REV BOND PRINCIPAL 68.36 FINSTER, WARREN SCOTT FIRST INTERSTATE BANK WATER OVERPAYMENT 5,171.00 -23.92 OF DESREV FIRST NATIONAL BANK OF CHICAGO BOND INT REV BONDS INTEREST 1,511.50 8,837,00 AM a COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FIRST UNION NATIONAL BANK REVENUE BONDS 1,000.00 FLEETWAY STORES, INC. SANIT. & IND. SUPP. 40.86 FROHWEIN OFFICE SUPPLY OFFICE SUPPLIES 7.74 GALICK, DALE WATER OVERPAYMENT -34.36 GARDNER, GARY D. WATER OVERPAYMENT 29.39 GENERAL DEBT SERVICE TRANS 556,887.38 GENERAL CHEMICAL CORP. ALUMINUM SULFATE 4,121.10 GINGRICH, SUSAN WATER OVERPAYMENT 44.62 GJESTVANG, RYAN WATER OVERPAYMENT 40.48 GRANT, JANE WATER OVERPAYMENT -2.80 GRUCZA, JOHN L WATER OVERPAYMENT 24.01 GUARANTY BANK & TRUST CO. REV BOND INT 228.00 HACH CHLORINE 213.69 HACH BROTHERS CO., INC. SANITATION SUPP. 712.95 HANSON, DIANA WATER OVERPAYMENT 3.07 HARRY'S CUSTOM TROPHIES, LTD. OUTSIDE PRINTING 18.10 HAWKEYE WELD & REPAIR MINOR EQUIP REP 10.00 HUIGENGA, STEVE WATER OVERPAYMENT -20.00 HUNDLEY, SHELLY WATER OVERPAYMENT 1.69 HURTARTE, ANNA RAMP PERMITS 40.00 IBM CORP. PRIOR YEAR ENCUMB. 150.00 INDEPENDENT INSURANCE AGENTS COMP. LIABILITY INS. 3,685.00 INDUSTRIAL ENGINEERING EQUIP. MINOR EQUP. REP. MAT 111.16 IOWA BOOK & SUPPLY CO. BOOKS, HAG., NEWSPAP 17.50 IOWA CITY JANITOR SUPPLY SANITATION SUPP. 20.70 IOWA CITY PETTY CASH UPS CHARGES 63.15 IOWA CITY READY MIX, INC. CONCRETE 2,346.71 IOWA DEPARTMENT OF NATURAL CERTIFICATIONS 32.00 IOWA ILLINOIS GAS & ELECTRIC GAS 32,622.16 IOWA PAINT MANUFACTURING CO. PAINT & SUPPLIES 12.80 IOWA SECRETARY OF AGRICULTURE MISCELLANEOUS 4.00 IOWA STATE BANK & TRUST REV BOND INT 266.00 IOWA STATE BANK - FICA FICA 14,670.91 IOWA STATE BANK COMPUTER SERV. METERED SALES 39.81 IOWA STATE TREASURER SALES TAX SALES TAX COLLECTED 7,582.44 IPERS IPERS 10,542.06 JOHNSON COUNTY SEATS AID TO AGENCIES 7,061.30 JOHNSON, MARILYN MISCELLANEOUS 164.94 KEL-WELCO MIDWEST, INC. MISCELLANEOUS SUPP. 140.20 KENYON, DAVID WATER OVERPAYMENT -11.36 KIENZLE, DAVID W WATER OVERPAYMENT 11.71 KOBER, DEBBIE %JOHN SPOONER WATER OVERPAYMENT 24.52 KRNA, INC. ADVERTISING 120.00 KRON, CLEO PROFESSIONAL SERVICE 2,600.00 KRULL, LOUIS A WATER OVERPAYMENT 24.01 KUNTZ, PETER WATER OVERPAYMENT -50.00 L. L. PELLING CO., INC. ASPHALT 74.68 LASSITER, LAWRENCE R WATER OVERPAYMENT 48.10 LAWSON, JERRY REV BOND INT 114.00 LIND'S PRINTING SERVICE, INC. OUTSIDE PRINTING 209.00 LINK, DONALD WATER OVERPAYMENT 12.59 LOGAN, N % JOHN LANCE WATER OVERPAYMENT 45.02 MANGOLD, GLEN SAFETY SHOES 68.50 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT MARV'S GLASS SPECIALTIES, INC. REPAIR OF STRUCTURE MAURER, CANDIDA 9.39 MCCUNE, JANE & ROBERT WACHAL WATER OVERPAYMENT REVENUE BONDS 12.59 MCKEONE, CHARLOTTE MEADE, JEFFREY WATER OVERPAYMENT 5,000.00 41.51 MEANS SERVICES, INC. WATER OVERPAYMENT UNIFORM SERVICE 28.64 MERCHANTS NATIONAL BANK MIDWEST ROD AND KUSTOM, INC REV BOND PRINCIPAL 1,221.32 10,304.00 MILLS, ANN WATER OVERPAYMENT 24.52 MONAHAN, JAMES WATER OVERPAYMENT WATER OVERPAYMENT 7.07 MONTGOMERY ELEVATOR CO. MUTUAL BENEFIT LIFE INSURANCE REP & MAINT TO BLDG. 596.00 6.00 NAGLE LUMBER CO. DISABILITY INSURANCE PAINT 876.72 NATIONAL ACADEMY OF & SUPPLIES MEMBERSHIP NATIONAL BANK OF WATERLOO NORTHWESTERN BELL REV BOND PRINCIPAL -187.95 35.00 35.00 NORVEISAS, CAROL TELEPHONE EQUIP. FEE WATER OVERPAYMENT 1 108.40 NORWEST BANK DES MOINES, N.A. NORWEST BANK MINNEAPOLIS, N.A. REV BONDS INTEREST -7.88 441.25 OLD CAPITOL CAB CO. REV BOND PRINCIPAL AID TO AGENCIES 26,000.00 OLNEY, DOUG OTAKE, K. % KENT FULLERWATER WATER OVERPAYMENT 494.55 24.01 PADEN, J.M.%ANNE SILKMAN OVERPAYMENT WATER OVERPAYMENT 18.56 PARKER, ROBERT N. PAUL'S WATER OVERPAYMENT 49.82 -20.00 PAYROLL RECAP PERRIN, TOM TOOLS PAYROLL 4 -DEC -87 92.09 203,351.85 PLUMBERS SUPPLY CO. WATER OVERPAYMENT PLUMBING SUPPLIES -18.98 POWER SEAL PIPELINE PRODUCTS POWERS, JIM WATER SYS IMPR MAT 273.38 779.11 PROHASKA, DONNA WATER OVERPAYMENT WATER 24.01 PURE WATER SUPPLY OVERPAYMENT MISCELLANEOUS SUPP. 23.59 PYRAMID SERVICE, INC. R. M. BOGGSMINOR CO. EQUIP REP 33.75 129.87 RADIO SHACK SNACK REP OF HEATING EQUIP MISCELLANEOUS SUPP. 649.87 RAINES & ASSOCIATES, INC. REIFERT, 0 JAY LAB. CHEM. & SUPP. 29'87 697.45 RETAIL DATA SYSTEMS OF CEDAR WATER OVERPAYMENT MINOR EQUIP REP 11.19 RILEY, TIM RIVER PRODUCTS CO. WATER OVERPAYMENT 1,935.00 -11.36 ROBERT W. BAIRD & CO., INC. ROE, WENDY ROCK REV BOND PRINCIPAL 692.06 1,000.00 ROMICK, BRUCE WATER OVERPAYMENT WATER OVERPAYMENT 12.59 RON'S WELDING & SUPPLIES, INC. SARGENT-WELCH SCIENTIFIC BLDG. & IMPROVE. MAT 1.11 61.20 CO. SCHINTLER BROS CONST LAB. SUPP. & EQUIP, WATER OVERPAYMENT 235.23 SEARS SECURITY PACIFIC CLEARING & TOOLS & MINOR EQUIP. REVENUE BONDS 10.40 269.98 SHAY ELECTRIC SIEG CO. REP OF ELECTRIC /PLBG 30,830.00 967.43 SKEVIN PLANT EQUIP REP MAT SAFETY SHOES 44.36 SMMITTHH,, SCOT M SPANGLER, STEVEN WATER OVERPAYMENT 54.07 6.90 MISCELLANEOUS 67.86 .F COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT STATE STREET BANK & TRUST STATESMAN MORT CO %BORK STEVE'S TYPEWRITER CO. TECHNIGRAPHICS, INC. THIES, MARK TODD CORP. U. S. GOVERNMENT PRINTING UTILITY EQUIPMENT CO. VAN ORDEN, TERESA VAN WATERS & ROGERS VILLHAUER, JULIE VOSS ELECTRIC SUPPLY CO. VWR SCIENTIFIC, INC. W. W. GRAINGER, INC. WHITE, KENDALL L WILLIAMS, JAMES M CO. REV BOND PRINCIPAL 10,000.00 WATER OVERPAYMENT 37.99 MINOR EQUP. REP, MAT 329.00 DIAZO PRINT SUPPLIES 2.97 SAFETY SHOES 67.59 LAUNDRY SERVICE 445.06 SUBSCRIPTION 11.00 WATER SYS IMPR MAT 900.92 WATER OVERPAYMENT 24.52 CHLORINE 3,660.00 WATER OVERPAYMENT -18.52 ELECTRICAL SUPPLIES 39.00 LAB. SUPP. & EQUIP. 130.80 MINOR EQUP. REP. MAT 86.18 WATER OVERPAYMENT -18.52 WATER OVERPAYMENT 23.50 FUND TOTAL 1,018,332.85 ®®I COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: TRUST AND AGENCY A T & T COMMUNICATIONS LONG DISTANCE CALLS 13.08 A T & T INFORMATION SYSTEMS TELEPHONE EQUIP. FEE 5.16 ACORD, LOUIS ELDERCRAFT SHOP SALE 4.00 ADVERTISER ELDERCRAFT SHOP SALE 34.00 AMERICAN AUDIO PROSE LIBRARY CASSETTE 11.50 AMERICAN RADIO RELAY LEAGUE BOOKS (CAT./CIR.) 15.00 ARTIST'S VIDEO PRODUCTIONS NON-FICTION VIDEO 153.40 BADGER, HELEN ELDERCRAFT SHOP SALE 160.00 BAILEY, WENDY ELDERCRAFT SHOP SALE 28.50 BAKER & TAYLOR CO. BOOKS (CAT./CIR.) 230.96 BALDWIN, KATHRYN ELDERCRAFT SHOP SALE 9.50 BARTH, CHARLES ART REPRODUCTIONS 200.00 BEARDSHEAR, VADA ELDERCRAFT SHOP SALE 1.50 BEARDSHEAR, VEDA ELDERCRAFT SHOP SALE 11.75 BLUE CROSS & BLUE SHIELD HEALTH/DENTAL INS. 158,053.24 BREESE, ADA ELDERCRAFT SHOP SALE 3.75 BRENNEMAN, ROSE ELDERCRAFT SHOP SALE 108.00 BROWN, FLORENCE ELDERCRAFT SHOP SALE 1.20 BUCKLEY, MILDRED ELDERCRAFT SHOP SALE 21.20 CANO, MARY ELDERCRAFT SHOP SALE 20.75 CAPP, HAZEL ELDERCRAFT SHOP SALE 3.00 CAPPS, HAZEL ELDERCRAFT SHOP SALE 9.00 CERNY, IRENE ELDERCRAFT SHOP SALE 2.00 CHRISTIE, CATHERINE ELDERCRAFT SHOP SALE 27.00 COCA-COLA BOTTLING CO. POP 77.52 COMLY, MARY ELLEN POSTAGE 17.16 CORNWALL, MRS. GEORGE ELDERCRAFT SHOP SALE 54.17 CROSBY, JEANNE ELDERCRAFT SHOP SALE 2.75 CROW, IONE ELDERCRAFT SHOP SALE 5.00 DAHNKE, FERN ELDERCRAFT SHOP SALE 8.00 DAVIS, ELVA ELDERCRAFT SHOP SALE 4.16 DENSON, MAXINE ELDERCRAFT SHOP SALE 48.25 ECONOMY ADVERTISING CO. OUTSIDE PRINTING 66.80 ENDE, HELEN ELDERCRAFT SHOP SALE 10.00 ENGLERT, EDNA ELDERCRAFT SHOP SALE 11.00 FAIRCHILD, GYLA ELDERCRAFT SHOP SALE 9.00 FARNSWORTH, ELNORA ELDERCRAFT SHOP SALE 22.00 FEARON BOOKS (CAT./CIR.) 16.00 FIESLER, MARTHA ELDERCRAFT SHOP SALE 1.50 FLISS, MILDRED ELDERCRAFT SHOP SALE 17.75 FOX, MARGARET ELDERCRAFT SHOP SALE 39.50 FRIENDS OF IOWA CITY PUBLIC DUES & MEMBERSHIPS 335.00 FROHWEIN OFFICE SUPPLY OFFICE SUPPLIES 51.98 FUNK, IRENE ELDERCRAFT SHOP SALE 7.00 GANKA, MURIEL ELDERCRAFT SHOP SALE 5.50 GARTZKA, HERBERT ELDERCRAFT SHOP SALE 1.50 GRAHAM, DORIS ELDERCRAFT SHOP SALE 18.60 GREEN, MAE ELDERCRAFT SHOP SALE 32.50 GRESLIK, VIOLETTE ELDERCRAFT SHOP SALE 25.50 HAMILTON, ELDA ELDERCRAFT SHOP SALE 5.00 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT HARRIS, VERNA ELDERCRAFT SHOP SALE 3.00 HEIFNER, GOLDIE ELDERCRAFT SHOP SALE 6.00 HENRY LOUIS, INC. PHOTO SUPP. & EQUIP. 65.00 HOKE COMMUNICATIONS, INC. PRINT/REFERENCE 75.00 HOLOMAN, ESTHER ELDERCRAFT SHOP SALE 1.50 HUGHES, NELLIE ELDERCRAFT SHOP SALE 15.50 HY-VEE FOOD STORE .Y3 MINOR OFFICE EQUIP, 324.50 INGRAM VIDEO RECORDINGS 12.34 IOWA ASSOC. OF COUNTY MISCELLANEOUS 500.00 IOWA CITY PETTY CASH PRINTING 36.22 IOWA ILLINOIS GAS & ELECTRIC ELECTRIC 24.64 IOWA RETAIL PACKAGING CORP. ELDERCRAFT SHOP SALE 115.29 IOWA STATE BANK - FICA FICA 1,084.27 IPERS IPERS 567.21 JOHNSTON, LILLIAN ELDERCRAFT SHOP SALE 75.75 KELSO, NILA ELDERCRAFT SHOP SALE 18.00 KESSELRING, MRS. E. R. ELDERCRAFT SHOP SALE 18.25 KOHLSCHEEN, FERN ELDERCRAFT SHOP SALE 30.00 LAW, KUAN KUEI ELDERCRAFT SHOP SALE 42.50 LAW, KWAN KUEI ELDERCRAFT SHOP SALE 34.75 LEWIS, CARRIE ELDERCRAFT SHOP SALE 3.50 LIND'S PRINTING SERVICE, INC. OUTSIDE PRINTING 731.00 LITTLE, MILDRED ELDERCRAFT SHOP SALE 3.00 LOAN, BERNICE ELDERCRAFT SHOP SALE 39.50 LOEWENBERG, INA ART REPRODUCTIONS 65.00 MATHES, MRS. LORNA ELDERCRAFT SHOP SALE 16.60 MCGINNES, MRS. EDGAR ELDERCRAFT SHOP SALE 10.50 MCGINNESS, MRS. EDGAR ELDERCRAFT SHOP SALE 22.25 MCLACHLAN, MARY ELDERCRAFT SHOP SALE 13.10 MEADE, THELMA ELDERCRAFT SHOP SALE 68.00 MICHEL, MAXINE ELDERCRAFT SHOP SALE 28.35 MILLER, LAVINA ELDERCRAFT SHOP SALE 32.00 MORRIS, EDMOND ELDERCRAFT SHOP SALE 4.00 MOTT'S DRUG STORE PRINT/CIRCULATING 148.86 MUTUAL BENEFIT LIFE INSURANCE DISABILITY INSURANCE 34.84 NORTHWESTERS BELL TELEPHONE EQUIP. FEE 245.37 OCHS, JAMESI ART REPRODUCTIONS 250.00 PAYROLL RECAP PAYROLL 4 -DEC -87 15,164.52 PETERSEN, WILLIAM ELDERCRAFT SHOP SALE 4.00 PIP OUTSIDE PRINTING 69.30 PLATT BUSINESS SYSTEMS OTHER OPER. EQUIP. 327.50 PRESTON ENTERPRISES BUILDING RENTAL 400.00 PUBLIC MEDIA, INC. NON-FICTION VIDEO 85.90 QUALITY CARE NURSERY SERVICES 307.50 ROBINSON, ARITTA ELDERCRAFT SHOP SALE 45.00 ROGERS, LEROY ELDERCRAFT SHOP SALE 22.25 ROSENKILD, GROVER ELDERCRAFT SHOP SALE 7.20 ROSSMAN, MARGARET ELDERCRAFT SHOP SALE 5.00 SALISBURG, MARGE ELDERCRAFT SHOP SALE 12.00 SCHEFFLAN, PAT ELDERCRAFT SHOP SALE 2.00 SCHMEICHEL, MARIE ELDERCRAFT SHOP SALE 16.50 SCHNEIDER, MYRTLE ELDERCRAFT SHOP SALE 9.80 SENTMAN, HELEN ELDERCRAFT SHOP SALE 8.00 ®®P VENDOR NAME SEYDEL, MARY SHAEFFER, JOHNIE SHAFFER, JOHNIE SLADEK, FRANCES SNIDER, MABEL SOUTHGATE DEVELOPMENT CO., STAHLE, CLARA STANDARD BLUE STRAMMER, DONALD STROMNER, DONALD STURDEVANT, MAX SVENDSEN, LILLIAN TADLOCK, ROLENE TAYLOR, DOROTHY TECHNIGRAPHICS, INC. TELECONNECT TOSH, RANDALL TRANS. RESEARCH BD U OF IA. BUSINESS OFFICE U. S. POST OFFICE - OTHER UNITED WAY STAY WELL PROGRAM VARIOUS RETIREES VINEYARD, RUTH VRCHOTICKY, CATHY WEEG COMPUTING CENTER WIENEKE, ALICE WILLIAMS, LUCILLE WILLIAMSON, LOUIS WILLIAMSON, LUCILLE WILSON, DOROTHY COUNCIL LISTING DECEMBER 31, 1987 PRODUCT DESCRIPTION AMOUNT ELDERCRAFT SHOP SALE 13.00 ELDERCRAFT SHOP SALE 8.00 ELDERCRAFT SHOP SALE 19.00 ELDERCRAFT SHOP SALE 73.70 ELDERCRAFT SHOP SALE 8.00 INC BUILDING RENTAL 444.50 ELDERCRAFT SHOP SALE 16.20 OFFICE SUPPLIES 5.31 ELDERCRAFT SHOP SALE 25.00 ELDERCRAFT SHOP SALE 30.00 ELDERCRAFT SHOP SALE 5.00 ELDERCRAFT SHOP SALE 15.00 ELDERCRAFT SHOP SALE 4.00 ELDERCRAFT SHOP SALE 27.00 OUTSIDE PRINTING 1,404.71 LONG DISTANCE CALLS 371.03 ART REPRODUCTIONS 90.00 REGISTRATION 125.00 WORK STUDY WAGES 11.59 BULK MAILING 100.00 DUES & MEMBERSHIPS 7.48 MONTHLY BENEFITS 43,848.51 ELDERCRAFT SHOP SALE 4.00 ELDERCRAFT SHOP SALE 34.00 DATA PROCESSING 554.22 ELDERCRAFT SHOP SALE 9.00 ELDERCRAFT SHOP SALE 35.25 ELDERCRAFT SHOP SALE 66.50 ELDERCRAFT SHOP SALE 43.50 ELDERCRAFT SNnP SdIF c OR FUND TOTAL �L 228,676.44 /01� COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: INTRAGOVNTAL SERVICE COMMUNICATIONS LONG DISTANCE CALLS A T & T INFORMATION SYSTEMS ADAMS, HAROLD TELEPHONE EQUIP. 140.10 ADNIL ENTERPRISES FEE DEPOSITS 62.80 ALTORFER MACHINERY CO. MISCELLANEOUS SUPP. 30.00 AMP PRODUCTS CORP. VEHICLE REPAIRS 102.00 ARMBRUST-MATTHEWS CORP. GENERAL EQUIPMENT 2,922.55 B. R. S. OF IOWA GARBAGE TRUCKS 44.81 BARRON MOTOR SUPPLY FINANCIAL SERV & CHG 302.30 BARTELS, JOHN TWO -TON TRUCKS 587.40 BLUE CROSS & BLUE SHIELD CONTRACTED IMPRV. 284.79 BOB ZIMMERMAN FORD, INC. HEALTH/DENTAL INS. 21.93 BOOTH, BARBARA TWO -TON TRUCKS 1,428.28 BOYLE, AMY DEPOSITS 2,330.60 BOYLE, RICHARD JUDGEMENT & DAMAGES 30.00 BRANDT HEATING & TRAVEL ADVANCE 42.40 BREESE CO., INC. REP OF HEATING EQUIP 165.00 BROSNAHAN, WILLIAM TWO -TON TRUCKS 45.77 BRYANT'S TRUCK SERVICE CENTER JUDGEMENT & DAMAGES 1 089.39 C & H DISTRIBUTORS, INC. FIRE APPARATUS 399.20 CAPITOL IMPLEMENT CO. TOOLS 14.61 CAPITOL PROPANE GASCO. INC GENERAL EQUIPMENT 120.55 CARLSON MACHINE CO. FUELS 53.80 CEDAR RAPIDS WELDING SUPPLY ST. CLEANING & REP. 64.61 CHUCK SMITH DISTRIBUTING INC. BUSES 13.34 CITY SUPPLY GARBAGE TRUCKS 9.00 CLAYTON INDUSTRIES BUSES 67.72 COLE, PAULINE MINOR EQUIP REP 34.67 CONTRACTOR'S TOOL & SUPPLY CO. JUDGEMENT & DAMAGES 351.06 HOSE AND SUPPLIES, INC. PLUMBINCUSTOM 156.76 DAVE SEYDEL AUTO & TRUCK SERV. DAVEY, THOMAS GARBAGEGTRUCKSIES MISCELLANEOUS 93.57 8.50 DELONG, JOYCE SUPP. DEPOSITS 11.26 DOMESTIC VIOLENCE PROJECT TRAVEL ADVANCE 30.00 DORFMAN AUTO SUPPLY, INC. MISCELLANEOUS 10.00 EISENHOFER, CATHY ST. CLEANING & REP. 214.00 EKSTROM, CAROL TRAVEL 14.40 ELLIOTT, JUDI DEPOSITS 23.05 EMERGENCY HOUSING PROJECT, INC SITS 30.00 EMERGENCY MEDICAL PRODUCTS MISDEPCELLANEOUS 30.00 ERB'S OFFICE SERVICES, INC, EDUC./TRAINING SUPP. 28.04 FAUSER OIL CO., INC. OFFICE SUPPLIES 396.46 396.46 FEDERAL EXPRESS CORP. FESLER'S, INC. GASOLINE INT. ON INVESTMENTS 482.40 14,455.61 FLEETWAY STORES, INC. GENERAL EQUIPMENT 14.00 FLXIBLE CORP. ST. CLEANING & REP. 1,875.43 FOUNTAIN'S TRANSMISSION BUSES 20.98 FROHWEIN OFFICE SUPPLY VEHICLE REPAIRS 292.50 GANNON, DENNIS RECREATIONAL SUPP. 129.62 GIBBS/COOK REGISTRATION 33.56 LANDFILL EQUIPMENT 205.00 75.19 /to/ COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT HACH BROTHERS CO., INC. SANITATION SUPP. 181.68 HARMON GLASS VEHICLE REPAIRS 90.95 HAUGHTON, ANTHONY MISCELLANEOUS 165.00 HAWKEYE AUTOMOTIVE MISCELLANEOUS SUPP. 266.12 HAWKEYE INTERNATIONAL TRUCKS TWO -TON TRUCKS 406.94 HAWKEYE TRUCK EQUIPMENT SNOW REMOVAL EQUIP. 16.13 HEIN, TOM AND MARY ELLEN DEPOSITS 500.00 HOLIDAY WRECKER & CRANE SERV. TOWING 75.00 HOOGERWERF, MIKE DEPOSITS 1,000.00 HOPKINS, NATHAN REGISTRATION 22.00 INDEPENDENT INSURANCE AGENTS COMP. LIABILITY INS. 260.00 INLAND TRUCK -PARTS CO. BUSES 964.89 IOWA BOOK & SUPPLY CO. BOOKS, MAG., NEWSPAP 2.50 IOWA CITY PETTY CASH MICRO COPIES 2.48 IOWA CITY PRESS -CITIZEN LEGAL PUBLICATIONS 131.03 IOWA CITY TIRE & SERVICE, INC. AUTO & LIGHT TRUCK 950.17 IOWA ILLINOIS GAS & ELECTRIC GAS 1,940.34 IOWA STATE BANK MISCELLANEOUS 1,918.00 IOWA STATE BANK - FICA FICA 3,401.52 IPERS IPERS 2,181.54 JORM MICROLA , INC. PHOTOCOPY SUPPLIES 287,59 KAITLIN CORPI FIRE APPARATUS 113.02 KAR PRODUCTS, INC. MISCELLANEOUS SUPP. 271.90 KERSEY MFG. CO./AMERICAN FIRE APPARATUS 503.81 KRON, LINDA M. FICAISCKPY REF 11320 -77,30 LAWRENCE BROS. AUTOMOTIVE SNOW REMOVAL EQUIP. 28.74 LINDER TIRE SERVICE VEHICLE REPAIRS 2,972,26 MANARY TOOL & SUPPLY CO. TOOLS 664.25 MATCO TOOLS TOOLS 34.35 MEANS SERVICES, INC. UNIFORM SERVICE 432.54 MICHELIN TIRE CORP. GARBAGE TRUCKS 10,314.62 MIKE HODGE CONST. DEPOSITS 8,100.00 MULLER PLUMBING & HEATING REP OF ELECTRIC/PLBG 28.50 MUMFORD, JERRY REGISTRATION 22.00 MUTUAL BENEFIT LIFE INSURANCE DISABILITY INSURANCE 238.68 MUTUAL WHEEL CO. TWO -TON TRUCKS 189.36 NAGLE LUMBER CO. BLDG. & CONST. SUP. 146.72 NEOPART BUSES 1,854.16 NEW METHOD EQUIPMENT CO., INC. GARBAGE TRUCKS 902.31 NEWKIRK SALES CO. TOOLS 29,88 NORTH BAY COMPUTERWARE MICRO SOFTWARE REP 441.95 NORTHWESTERN BELL TELEPHONE EQUIP. FEE 1181.90 O'LEARY, LESLIE SPECIAL EVENTS 22.00 OLD CAPITOL MOTORS, LTD. VEHICLE REPAIRS 373.86 OLD DOMINION BRUSH ST. CLEANING & REP. 490.00 OTTSEN OIL CO., INC. GREASE & OIL 628.65 OVERHEAD DOOR CO. BUILDING IMPROVEMENT 238.00 OVERHEAD DOORS & MORE, INC. BUILDING IMPROVEMENT 12,210.39 PANEBIANCO, KATE DEPOSITS 30.00 PAUL'S BUSES 5.08 PAYROLL RECAP PAYROLL 4 -DEC -87 47,762.84 PEDERSON-SELLS EQUIPMENT CO. GENERAL EQUIPMENT 268.99 PIERCE MANUFACTURING, INC. FIRE APPARATUS 23.21 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT PLUMBERS SUPPLY CO. PYRAMID SERVICE, INC. MINOR EQUP. REP. MAT 24.95 RELIABLE CORP. ST. CLEANING & REP. OFFICE SUPPLIES 366.94 SAAB-SCANIA OF AMERICA, INC. BUSES 270,99 4,113.92 SADLER MACHINE CO. VEHICLE REPAIRS 193.00 SCHINDLER, DONNA DEPOSITS 30.00 SCHLUTTENHOFER, SHARON SAFETY SHOES 104.37 SO LEASING, INC. SEATON, LARRY EQUIPMENT RENTAL 570.27 SENECA CORP. DEPOSITS MINOR EQUIP REP 500.00 SEREDUCK, NANCY TRAVEL ADVANCE 188.50 37.00 SIEG CO. SNAP-ON TOOLS CORP. TWO -TON TRUCKS TOOLS 1,407.52 SOUTHERN COACH PARTS CO. BUSES 367.59 424.75 SRECO STANDARD BLUE GENERAL EQUIPMENT 200.13 STUTZMAN, RONALD RECREATIONAL SUPP. REGISTRATION 35.46 SUPERINTENDENT OF DOCUMENTS BOOK(S) 22.00 48.00 TECHNIGRAPHICS, INC. OUTSIDE PRINTING 43.75 TODD CORP. TOM HARNEY OIL CO. LAUNDRY SERVICE 322.23 TRI-STATE TOURS DIESEL MISCELLANEOUS 1,693.00 1,136.00 VARIOUS RETIREES MONTHLY BENEFITS 40,549.80 VOSS PETROLEUM CO., INC. GREASE & OIL 786.50 WINEBRENNER FORD, INC. VEHICLE REPAIRS 447.70 ZYTRON MICROFISCHE 31.20 FUND TOTAL - 188,971.27 /40 0 e, COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: SPEC ASSESSMENT FUND FIRST NATIONAL BANK PUBLIC IMPROVE BONDS 30,000.00 FIRST NATIONAL BANK OF CHICAGO SPEC. ASS. BONDS INT 12,000.00 METRO PAVERS, INC. SPEC. ASS. BONDS INT 14,000.00 FUND TOTAL 56,000 00 COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: SPECIAL REVENUE FUND A T & T COMMUNICATIONS LONG DISTANCE CALLS 9,23 A T & T INFORMATION SYSTEMS TELEPHONE EQUIP. FEE 6.46 ADVANCED DESIGN BUILDERS BUILDING IMPROVEMENT 91.50 ANDERSON, ARTHUR & MR. GUTTER BUILDING IMPROVEMENT 239.25 ANDERSON, ARTHUR AND MICK BUILDING IMPROVEMENT 833.50 BLUE CROSS & BLUE SHIELD DENTAL INSURANCE 23.82 BREESE PLUMBING & HEATING, INC BUILDING IMPROVEMENT 29.00 CILEK, DANIEL AND SHELLY BUILDING IMPROVEMENT 2,560.53 CITY ELECTRIC SUPPLY, INC. ELECTRICAL SUPPLIES 94.38 DOOLEY, FLORENCE & JIM AND BUILDING IMPROVEMENT 3,773.74 EKBRING, VIOLA AND ADVANCED BUILDING IMPROVEMENT -91.50 F STOP FILM PROCESSING 7,75 FEDERAL EXPRESS CORP. POSTAGE 20.25 FUNCTIONAL HOME DESIGNERS PROFESSIONAL SERVICE 210.00 GRIMM, VIOLA AND CHESTER BELL BUILDING IMPROVEMENT 500.00 HANDICARE, INC. ENGINEERING SERVICES 7,152.70 HAYES APPRAISAL ASSOC., INC. APPRAISAL SERVICES 900.00 HOUSING REHAB MISCELLANEOUS TRANS 391.90 IOWA BOOK & SUPPLY CO. BOOKS, HAG., NEWSPAP 2.50 IOWA CITY PETTY CASH ZEPHYR COPIES 4.93 IOWA CITY PRESS -CITIZEN ADVERTISING 86.16 IOWA STATE BANK - FICA FICA 718.68 IOWA STATE UNIV. CONTINUING ED REGISTRATION 85.00 IPERS IPERS 128.92 JOHNSON COUNTY ABSTRACT ABSTRACTS 200.00 KERN, JEFF BUILDING IMPROVEMENT 1,667.22 KOLSTEAD, ELIZABETH & AUBRECHT BUILDING IMPROVEMENT 2,650.00 KUENSTER, LILLIAN & CORALVILLE BUILDING IMPROVEMENT 2,751.00 LUTHERAN SOCIAL SERVICES BUILDING IMPROVEMENT 1,214.52 MELLERS PHOTO LABS, INC. FILM PROCESSING 117.17 MUTUAL BENEFIT LIFE INSURANCE DISABILITY INSURANCE 48.88 NORTHWESTERN BELL TELEPHONE EQUIP. FEE 85.04 PAYROLL RECAP PAYROLL 4 -DEC -87 10,051.86 POULSEN, KATHY & KEVIN AND BUILDING IMPROVEMENT 2,000.00 ROBERTS, MARGRET & PAUL AND BUILDING IMPROVEMENT 2,070.00 SELZER CONST. CO., INC. BUILDING IMPROVEMENT 17,269.44 SMITH, STEPHEN AND MARY BUILDING IMPROVEMENT 4,599.61 SORENSEN, MALVINA BUILDING IMPROVEMENT 1,542.79 SORENSEN, MALVINA AND CITY OF BUILDING IMPROVEMENT 130.00 STANDARD BLUE OFFICE SUPPLIES 39.86 TECHNIGRAPHICS, INC. OUTSIDE PRINTING 8.75 THARP, FRED & WILMA AND ARIC BUILDING IMPROVEMENT 166.09 U OF IA. BUSINESS OFFICE WORK STUDY WAGES 146.01 WAGNER, RICHARD BUILDING IMPROVEMENT 935.00 WILLIAM NOWYSZ AND ASSOCIATES ARCHITECTURAL SERV. 975.00 ZEPHYR COPIES OFFICE SUPPLIES 12.90 FUND TOTAL 66,459 84 'a COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT FUND: HOUSING AUTHORITY TOTAL - VARIOUS LANDLORDS RENT 134,250.00 VARIOUS LANDLORDS RENT 2,506.00 VARIOUS LANDLORDS DAMAGES 289.13 TELECONNECT PHONE SYSTEM 3,474.00 FUND TOTAL 140,519.13 T M ,W COUNCIL LISTING DECEMBER 31, 1987 VENDOR NAME PRODUCT DESCRIPTION AMOUNT GRAND TOTAL 3,580,761.38 /tot, Y F F?ECccIVED�,apl A)DAR jA!1A1dV A HELP UP, NOT A HAND OUT P.O. Box 789 Cedar Rapids, Iowa 52406 (319) 3667631 January 15, 1988 John McDonald, Mayor City of Iowa City City Hall 410 E. Washington Iowa City, IA 52240 Dear Mayor McDonald: The City of Iowa City has a seat on the HACAP Board of Directors. Your current representative is Jean Snow. Please submit your representative's name for 1988 to me at HACAP Central Office, P.O. Box 789, Cedar Rapids, IA 52406. Thank you for your continued support. Sincerely, Frank Knipfer, Secretary HACAP Board of Directors cc: Jean Snow skg n Equal Oppotlunhy Agency HAWKEYE AREA COMMUNITY ACTION PROGRAM A Member Agency of the United Way /D sop 1 ' CITY OF IOWA CITY CIVIC CENTER 410 E. WASHINGTON ST IOWA CITY IOWA 52240 (319) 356-500.0 Date 12/21/87 TO: The Honorable Mayor and the City Council RE: Civil Service Entrance Examination - Maintenance Worker I We, the undersigned members of the Civil Service Commission of Iowa City, Iowa, do hereby certify the following named persons in the order of their standing as eligible for the position of MaiatenanSeWorker I/ RPfugP nivicinn Roger R. Wolf - Hired 12/21/87 IOWA CITY CIVIL SERVICE COMMISSION '9ohn A. Maxwell V Michael W. Kennedy Dick Buxton ATTEST: Marian Karr, City Clerk /OG R E C E I .' E 0: ,; ?1 2 5 ,988 January 24, 1988 Mayor McDonald and council Members, I have a variety of items I've been meaning to speak to each of you about, but I've been procrastinating, so a letter seemed appropriate. * I want to applaud the council for holding steadfast to its decision to not negotiate sewer rates with the U of I. I doubt local residents (508 of which are of low-income) could handle the additional burden of paying part of the university's fair share. * Whether or not a court decision is favorable to the city regarding its legal responsibility to pay the county for the sales tax election, I feel we have an obligation to pay at least a disporportionate i amount of the election costs. Iowa City called the election forcing other Johnson County communities to participate. Why should they pay for something in which they did not want to participate? * I want to remind the council that three out of four members recently elected said during their campaigns they would like to see further investigation and evaluation of airport funding. I agree and am offering myself as one volunteer if the council pursues this investigation/evaluation. * I had an idea for UDAG monies. It seems appropriate to invest some of these monies into Minority and Women Business Enterprises. Money could be put into a low interest (3-78) loan pool for helping M/WBEs buy tools, insurance, or to gain new skill, etc. * Steve Atkins stated that the information collected in the 1990 Census may not include housing and other statistics that Iowa City u uses to define community needs. These numbers are crucial for municipal governments especially with the lack of a National Housing Policy. I encourage the council to lobby the appropriate body to retain the collection of such information. I also urge those council members involved in JCCOG and any councils/organizations of /off V' A. municipal governments to pass this concern to these bodies. * Finally, I have a suggestion for a physical arrangement for informal meetings. A sharply shaped arc or a squared "C" are good solutions because they facilitate council members in talking to each other face to face without being rude to the audience by having their backs towards them. I do thind something has to be done because the informal meetings are not very informal with the current set-up. Thank you for your consideration of these ideas and for your time and efforts in keeping Iowa City a quality of life city. i In peace, A� Karen Kubby V a TO: Mr. Stephen J. Atkins, City Manager FROM: Laura Lovell, Chairperson, Riverfront COIIIIO I.ssi.On DATE: January 25, 1988 Dear Mr. Atkins: Thank you for the memo of January 21, regarding tonight's City Council Meeting and the discussion of the proposed budget. our commission is not able to send a representative to make a presentation, however, we would appreciate it if our comments in this letter are passed along to the council. It has been suggested that costs could be reduced or held clown by combining some of the citizen committees, thereby reducing City Staff time needed for those committees. In the case of the River - front Commission, we feel we could not manage with less staff time than we now receive. We have an excellent staff assistant, but we do need all the time we are now allocated. Most of the commissioners are volunteers, but we take our responsibilities seriously and need the assistance provided by city staff. The Riverfront Commission has representatives from Cora.lville and Johnson County (because the Iowa River flows through all those governing bodies.) To Combine our commission with another could dilute the input of those representatives outside the city. Additionally, the integrity and purposes of the initial commissions may be diminished or subsumed in the process of combining with other commissions. As the various commissions are now set-up, their sizes are manageable, their goals and objectives are very clear and discrete. Combining conmiissi.ons may create bodies that are less than compatible in their purposes. We hope the council will be successfulin finding other ways to manage the budgeting problems for this coming year. Thank you for your consideration. sincerely, Laura M. Lovell., Chairperson, Riverfront Commission 0 City of lows City MEMORANDUM Date: January 22, 1988 To: City Council r From: Rosemary Vitosh, Director of Finance Re: Tax Exemption Certificate A copy of the Tax Exemption Certificate is attached for your review. That certificate sets out in detail a number of facts, promises and obligations which must be met and agreed to by the City in order to maintain the general obligation bonds, which were recently sold, as tax exempt. There currently are blank spaces appearing in the Certificate which relate to matters of information which are not known at this time. Most of this information will be obtained from the bond purchaser, the amounts can then be calculated and added to the certificate which must be executed and completed on the date of delivery of the bonds. The delivery date has been tentatively set for February 3, 1988. The final Tax Exemption Cer- tificate will be the same as the one on file in our office except it will have the calculations and amounts inserted. I will not attempt to summarize all of the matters which are included in the certificate, but I do want to point out some of the important ones. These bonds are tax exempt and all of the documentation is based on the fact that the use of the facilities to be acquired by the City with the proceeds will be for the benefit of the public and will not be used in the private trade or business of any business or non -tax-exempt entity. The properties acquired with the bond proceeds must not be sold or diverted to any private or non-public use unless bond counsel determines that such action will not affect the tax-exempt status of the bonds. In addition, the Tax Exemption Certificate sets forth the best knowledge and belief which we have as of today concerning the timely expenditure of the proceeds as we reasonably expect expenditures to occur. These bonds are also issued under the expectation that we will be exempt from the requirement to rebate arbitrage earnings to the United States Government, because we will issue less than $5 million of bonds or any similar obliga- tions for public purposes during calendar year 1988. The total amount of bonds does include Industrial Development Revenue Bonds. If for any reason we should need to exceed that amount of bond issuance, the matter will again need to be brought to the attention of our bond counsel. For this purpose, "bonds" generally includes any debt obligation including war- rants, lease -purchase contracts, contracts to purchase, notes and others. The bonds are designated as qualified tax-exempt obligations, making them desirable for certain banks as investments and making possible a more favorable interest rate. For this designation to be proper, it is neces- sary that we reasonably expect to issue less than $10 million of bonds or obligations in the course of this calendar year. 1 �4/ u a z There are a number of other general promises and comnitments by the City to take or refrain from action, which are necessary to maintain the tax exemption of the bonds. These promises and commitments are required of the City on an ongoing basis and the possibility of some additional future action or requirements issued by the Internal Revenue Service and/or Federal Government does exist. Please contact me with any questions on this matter. RV/sp /V/ ORIGINAL CIG -22-6/87 TAX EXEMPTION CERTIFICATE CITY OF IOWA CITY, IOWA THIS CERTIFICATE made and entered into on 4.faiu,tl.r� .3 , 1988, by the City of Iowa City, State of Iowa (the 'iss uer"e. INTRODUCTION This Tax Exemption Certificate is executed and delivered in connection with the issuance by the Issuer of its $1,260,000 Essential Corporate Purpose General Obligation Bonds, (the "Bonds"). The Bonds are issued pursuant to the provisions of the Resolution of the Issuer authorizing the issuance of the Bonds. Such resolution provides that the covenants contained in this Tax Exemption Certificate constitute a part of the Issuer's contract with the owners of the Bonds. The Issuer recognizes that under the Code (as defined below) the tax-exempt status of the interest received by the owners of the Bonds is dependent on, among other things, the facts, circumstances, and reasonable expectations of the Issuer as to future facts not in existence at this time, as well as the observance of certain covenants in the future. The Issuer covenants that it will take such action with respect to the Bonds as may be required by the Code, and pertinent legal regulations issued thereunder in order to establish and maintain the tax-exempt status of the Bonds, including the observance of all specific covenants contained in the Resolution and this Tax Exemption Certificate. ARTICLE I DEFINITIONS The terms defined in the Resolution shall retain the meanings set forth therein when used in this Certificate unless the context clearly indicates another meaning is intended. The following terms as used in this Tax Exemption Certificate shall have the meanings set forth unless the context clearly indicates another meaning is intended. Other terms used in this Tax Exemption Certificate shall have the meanings set forth in the Code or in the Regulations unless the context clearly indicates another meaning is intended. as AIILEII.S.G(XNEI'. 9011WEILEII. ILOTIE.MIMI&MIKE ...on��rs .,,uv ors wo-r�a.aw (A, "Actual Earnings" on any obligations means all income realized under Federal income tax accounting principles (whether or not the person earning such income is subject to Federal income tax) or such other accounting principles as may be authorized by the Regulations with respect to such obligations and with respect to the reinvestment of investment receipts from such obligations (without regard to the transaction costs incurred in acquiring, carrying, selling or redeeming such obligations), including gain or loss realized on the disposition of such obligations (without regard to when such gains are taken into account under Section 453 of the Code) and including income under Section 1272 of the Code. In addition, if any obligation is retained after the Final Bond Retirement Date, any unrealized gain or loss as of the Final Bond Retirement Date must be taken into account in calculating the aggregate amount earned on such obligations. Any obligation which is owned by the Issuer prior to the issuance of the Bonds, shall be treated as acquired for its then fair market value on the date on which such Obligation is pledged to the payment of the Bonds. "Allowable Earnings" means all earnings on Tax Exempt Obligations and the amounts which would have been earned on Taxable obligations had such been invested at a Yield equal to the Bond Yield. "Allowable Reserve Fund Amount" means ten (10) percent of the Proceeds. The Allowable Reserve Fund Amount is computed to be $ -0- "Annual Debt Service" means the principal of and interest on the Bonds scheduled to be paid during a given Bond Year. "Available Earnings" means those amounts of Actual Earnings on all funds discussed herein either not deposited into the Rebate Fund or deposited into and then withdrawn from the Rebate Fund for any purpose other than payment to the United State of America. "Bonds" means the $1,260,000 aggregate principal amount of Essential Corporate Purpose General obligation Bonds of the Issuer issued pursuant to the Resolution. "Bond Counsel" means Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee, Des Moines, Iowa, or an attorney at law or a firm of attorneys of nationally recognized standing in matters pertaining to the tax exempt status of interest on obligations issued by states and their political subdivisions, duly admitted to the practice of law before the highest court of any state of the United States of America. -2- AIILf.I1.S, I;IMIYEI'. INIIIP'Ell.nI. INNIE SSIMI h ALUIE.E •Homs s.. uw ors s.om, s. mv. 4 "Bond Fund" means the Sinking Fund described in the Resolution. "Bond Reserve Fund" means any Bond Reserve Fund described in the Resolution. "Bond Year" means a one-year period beginning from the day and month of the Closing Date in any calendar year to that day and month in the next calendar year. "Bond Yield" means that discount rate which produces an amount equal to the Issue Price when used in computing the present worth of all payments of principal and interest to be paid on the Bonds, using semiannual compounding on a 360 -day year. "Closing" means the delivery of the Bonds in exchange for the agreed upon purchase price. "Closing Date" means the date of Closing. "Code" means the Internal Revenue Code of 1986, as amended, and any statutes which replace or supplement the Internal Revenue Code of 1986. "Excess Earnings" means Actual Earnings minus Allowable Earnings. "Final Bond Retirement Date" means the date on which the Bonds are actually paid in full. "Governmental Obligations" means direct general obligations of, or obligations the timely payment of the principal of and interest on which is unconditionally guaranteed by, the United States of America. "Gross Proceeds" means (i) amounts received (including repayments of principal) as a result of investing original proceeds of the Bonds, (ii) amounts used to pay debt service on the Bonds (iii) Original Proceeds, investment proceeds and transferred proceeds (if any) of the Bonds and (iv) amounts pledged to the payment of debt service on the Bonds. "Gross Proceeds Funds" means the Bond Reserve Fund, the Project Fund and any other fund or account held for the benefit of the Bondholders or containing Gross Proceeds of the Bonds except the Bond Fund and the Rebate Fund. -3- MII.ERB CM.W..Y. .tIM NI IFIII6EI.EI1. IId1YIS.%1MI&ALL11:F. 1..11W . /4/ 0 "Issue Price" means the initial offering price of the Bonds to the public (not including bond houses, brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers) at which price a substantial amount of the Bonds were sold. The Purchasers have certified the Issue Price to be not more than $1,258,979.40. "Issuer" means City of Iowa City, State of Iowa. "Minor Portion of the Bonds" means the lesser of five (5) percent of Proceeds or $100,000. The Minor Portion of the . Bonds is computed to be $63,000. "Net Proceeds" means the Proceeds of the Bonds minus the amount of proceeds of the Bonds deposited into any reasonably required reserve or replacement fund. "Nonpurpose Obligations" means any security or obligation not described in Section 148(a) of the Code which is acquired with the Gross Proceeds and is not acquired in order to carry out the governmental purpose of the Bonds. "Original Proceeds" means the Proceeds of the Bonds minus the amount of proceeds of the Bonds expended on reasonable costs of issuance of the Bonds as calculated in Section 2.2 of this Tax Exemption Certificate. "Parity Bonds" means the Bonds, and all other outstanding bonds of the Issuer ranking on a parity with the Bonds as set forth in the Resolution. "Proceeds" means the amount of proceeds of the Bonds calculated in Section 2.2 of this Tax Exemption Certificate. "Project" means the purchase of equipment for municipal waterworks; and construction, reconstruction and repair of street improvements, as more fully described in the Resolution. "Project Fund" means the fund established in the Resolution for the deposit of the Spendable Proceeds. "Purchasers" means Chiles Heider Division, Shearson Lehman Brothers, Inc. of Omaha, Nebraska, as manager of the underwriting syndicate constituting the initial purchasers of the Bonds from the Issuer. "Rebate Fund" means the fund to be created if required Pursuant to the Resolution and Article III of this Tax Exemption Certificate. -4- AIILF.N\11M-NTY. O0111YEILEII. IWNGS)IMI t AUREE /#/ 's 4 M "Regulations" means the Treasury Regulations validly issued or proposed under Section 103, Section 148 or Section 149 of the Code, or other Sections of the Code relating to "arbitrage bonds," including without limitation Sections 1.103-13, 1.103-14, 1.103-15 and 1.103-15AT, and includes amendments thereto or successor provisions. "Reserve Fund" means that portion of the Bond Reserve Fund allowable to the Bonds as described in the Resolution. "Resolution" means the resolution of the Issuer adopted on January 26, 1988, providing for the issuance of the Bonds. "Sinking fund" means the Bond Sinking Fund of the Issuer described in the Resolution. "Spendable Proceeds" means the Original Proceeds minus the sum of (a) the amount of any reasonably required reserve or replacement fund for the issue, (b) the excess of the Minor Portion over the amount determined in (a) above, and (c) the amount of any Original Proceeds expended within the temporary period in payment of the debt service on the Bonds. "Tax Exempt Obligations" means bonds or other obligations the interest on which is excludable from the gross income of the owners thereof under Section 103 of the Code. "Tax Exemption Certificate" means this Certificate. "Taxable Obligations" means all investment property, obligations or securities other than Tax Exempt Obligations. "Verification Certificate" means the computation and schedules attached to this Tax Exemption Certificate as Exhibit A. "Yield" means that discount rate which produces an amount equal to the purchase price of an obligation when used in computing the present worth of all payments of principal and interest to be paid on such obligation, using semiannual compounding on a 360 -day year. ARTICLE II SPECIFIC CERTIFICATIONS, REPRESENTATIONS AND AGREEMENTS The Issuer hereby certifies, represents and agrees as follows: -5- uu.tus.rracer.0011 EILUL MINLSSIMIe .[lOR4[VS,1 t.W D[SMpN[g pW. P Section 2.1 AUTHORITY TO CERTIFY AND EXPECATIONS (a) The undersigned representative of the Issuer is charged, along with other officers of the Issuer, with the responsibility of issuing the Bonds. (b) This Certificate is being executed and delivered in part for the purposes specified in Section 1.103-13(a)(2) of the Regulations and is intended (among other purposes) to establish reasonable expectations of the Issuer at this time. (c) The Issuer has not been notified of any disqualification or proposed disqualification of it by the Commissioner of the Internal Revenue Service as a bond issuer which may certify bond issues under Section 1.103-13(a)(2)(ii) of the Regulations. (d) The certifications, representations and agreements set forth in Article II of this Tax Exemption Certificate are made on the basis of the facts, estimates and circumstances in existence on the date hereof, including the following: (1) with respect to amounts expected to be received from delivery of the Bonds, amounts actually received, (2) with respect to payment of amounts into various funds or accounts, review of the authorizations or directions for such payments made by the issuer pursuant to the Resolution, and this Tax Exemption Certificate, (3) with respect to the Issue Price, the certifications of the Purchasers as set forth in Exhibit A hereto, (4) with respect to expenditure of the proceeds of the Bonds, actual expenditures and reasonable expectations of the Issuer as to when the proceeds will be spent for purposes of the Project, (5) with respect to Bond Yield, review of the Verification Certificate, and (6) with respect to the amount of governmental and Code section 501(c)(3) bonds to be issued during the calendar year, the budgeting and present planning of city officials. The Issuer has no reason to believe such facts, estimates or circumstances are untrue or incomplete in any material way. (e) To the best of the knowledge and belief of the undersigned officer of the Issuer, there are no facts, estimates or circumstances that would materially change the representations, certifications and agreements set forth in this Agreement, and the expectations herein set out are reasonable. Section 2.2 PROCEEDS The Issuer will receive the following amount from the sale of the Bonds: ,vn.EllS. C(X)ser. D0119'EII.E11.11ANIe.. Sums A .ua.ue E .nona.c o..w ops uoaes ow M 4 M (a) amount received for principal (minus discount plus premium) (b) plus accrued interest (c) equals Proceeds received on Closing Date (d) minus reasonable costs of issuing the Bonds (e) equal original Proceeds received on Closing Date Section 2.3 RECEIPTS AND EXPENDITURES $1,249,164.00 $ 420.08 $1,249,584.08 $ 19,500.00 $1,230,084.08 Receipts from the issuance of the Bonds as identified in the preceding Section are expected to be deposited and expended as follows: (1) Accrued interest will be deposited into the Bond Fund and will be used to pay a portion of the interest accruing on the Bonds on the first interest payment date, and (2) Proceeds will be used within six months of the Closing Date to pay the costs of issuance of the Bonds, (with any excess remaining on deposit in the Project Fund), (3) Proceeds (less the amount received for accrued interest and deposited in the Bond Fund) will be deposited into the Project Fund and will be used together with Available Earnings thereon to pay the costs of the Project. Proceeds and estimated Available Earnings on amounts which will be on deposit in the Project Fund do not exceed the amount necessary to accomplish the governmental purposes of the Bonds. The Purchaser will reoffer and sell the Bonds to the public for offering prices as described in Exhibit A. Section 2.4 PURPOSE OF BONDS The Issuer is issuing the Bonds to pay costs of the purchase of equipment for municipal waterworks; and construction, reconstruction and repair of street improvements. -7 Alll.F.ilv'.CINIXEI'.MI111'F.II.F.IL IIAI�IE. UIf111 k.11.I.i1f:F. nro.v,.e„[uv aauau[e. aw 4\ Section2.5 FACTS SUPPORTING TEMPORARY PERIODS FOR PROCEEDS ... --� - (a) The Issuer will within six months of the date of the Closing incur a substantial binding obligation to acquire the Project and exceeding two and one-half percent of the cost of acquiring the Project. All elements of the project will be designed and placed under contract during the six-month period for construction commencing with the 1988 construction season. Work on the Project will proceed thereafter with due diligence to completion and is expected to be completed by August 31, 1989. (b) Not less than eighty-five percent of the Spendable Proceeds is expected to be expended for Project costs, including the reimbursement of other funds expended to date within a temporary period ending thirty-six months from the earlier of the closing or the first interim temporary obligations issued to fund the Project and replaced by the Bonds; and all of such Spendable Proceeds are expected to be expended for the purpose of the Project by November 30, 1989. (c) Proceeds of the Bonds representing less than six months accrued interest on the Bonds will be spent within six months of this date to pay interest on the Bonds, and will be invested without restriction as to yield for a temporary period not in excess of six months. (d) Proceeds of the Bonds to be used to pay costs of issuance of the Bonds will be expended within six months and will be invested without restriction as to yield for a temporary period. Section 2.6 RESOLUTION FUNDS AT RESTRICTED OR UNRESTRICTED YIELD (a) Proceeds of the Bonds will be held and accounted for in the manner provided in the Resolution. (b) The Issuer has established and will use the Bond Fund primarily to achieve a proper matching of revenues and debt service within each Bond Year and the Issuer will apply moneys deposited into the Bond Fund to pay the principal of and interest on the Bonds. Such Fund will be depleted at least once each Bond Year except for a reasonable carryover amount. The carryover amount will not exceed the greater of (1) one year's earnings on the Bond Fund or (2) one -twelfth of annual debt service. The Issuer will spend moneys deposited from time to time into such fund within thirteen months after the date of deposit. Revenues, intended to be used to pay debt service on -8- AHLERS, CONEY.[K)I f:ILEII. MYNKMIMI&ALIMEE 4 the Bonds, will be deposited into the Bond Fund as set forth in the Resolution. The Issuer will spend interest earned on moneys in such fund not more than 12 months after receipt. Accordingly, the Issuer will treat the Bond Fund as a bona fide debt service fund. Investment of amounts on deposit in such fund will not be subject to yield restrictions. (c) The Issuer has not created or established and does not expect to create or establish any other sinking fund, bond fund, reserve fund, or other similar fund or account for the Bonds. The Issuer has not and will not pledge any moneys, or Taxable Obligations, in such fashion so as to make such available to pay debt service on the Bonds or restricted so as to give reasonable assurances of their availability for such purposes. (d) Any monies which are invested beyond a temporary period are expected to constitute less than a major portion of the Bonds or to be restricted for investment at a Yield not greater than the Yield on the Bonds by more than one-eighth of one percent. Section 2.7 PERTAINING TO YIELDS (a) The purchase price of all Taxable Obligations to which restrictions as to investment Yield or rebate of Excess Earnings, if any, under this Tax Exemption Certificate applies has been and shall be calculated using (i) the price taking into account discount, premium and accrued interest, as applicable, actually paid or (ii) the fair market value if less than the price actually paid and if such Taxable Obligations were not purchased directly from the United States Treasury. The Issuer will acquire all such Taxable Obligations directly from the United States Treasury or in arms length transactions without regard to any amounts paid to reduce the Yield on such Taxable Obligations. The Issuer will not pay or permit the payment of any amounts (other than to the United States of America) to reduce the Yield on any Taxable Obligations. Obligations pledged to the payment of debt service on the Bonds, or deposited into any bond reserve fund after they have been acquired by the Issuer will be treated as though they were acquired for their fair market value on the date of such pledge or deposit. (b) The Bond Yield has been computed as not less than 6.12594 percent. This Yield has been computed on the basis of a purchase price for the Bonds equal to the Issue Price. T uu.ens.rarser.iamn:u.en.u.osn:.sMieAu.uee ® �� .f 1Ca 4f 16 .114W D[9 MOM(S. WNN Section 2.8 MINOR PORTION The Minor Portion of the Bonds will be invested without regard to Yield as part of a Minor Portion of the Bonds. Section 2.9 NO OTHER FUNDS Except for the funds hereinabove described. the Issuer has no other bond fund, sinking fund, reserve fund or similar fund dedicated to or reasonably expected to be used or available to pay the Bonds. Section 2.10 (RESERVED] Section 2.11 (RESERVED] Section 2.12 FURTHER CERTIFICATIONS (a) The Issuer will file with the Internal Revenue Service in a timely fashion an Information Return for Tax -Exempt Governmental Bond Issues with respect to the Bonds. The Issuer will file such other reports and provide such information as is required to comply with the Code and applicable regulations. (b) The Issuer will take no action which would cause the Bonds to become Private Activity Bonds (as defined in the Code), including, without limitation, any sale, lease, management or similar use of the Project to or by any person other than a governmental unit (other than as a member of the general public). No more than 58 of the Proceeds of the Bonds will be used directly or indirectly to make or finance loans to any person other than governmental units. No more than 58 of the Project will be or has been used directly or indirectly in any trade or business carried on by any person other than a governmental unit. (c) The Issuer will make no change in the nature or purpose of the Project except as provided in Section 6.1 hereof. (d) Except as provided in Section 6.1 hereof, the Issuer will not establish any sinking fund, bond fund, reserve fund, debt service fund or other fund reasonably expected to be used to pay debt service on the Bonds (other than the Bond Fund and any Reserve Fund), exercise its option to redeem Bonds prior to maturity or effect a refunding of the Bonds. ro -10- AIILFIIS. CO(1..NrV INIIINEILERIL11]1E,NNIMI A ALLBEF. AT ion..{.{..LAW 01S4W115 wWA N (e) No bonds or other obligations of the Issuer (1) were sold in the 31 days preceding the date of sale of the bonds, (2) were sold or will be sold within the 31 days after the date of sale of the Bonds, (3) have been delivered in the past 31 days or (4) will be delivered in the next 31 days pursuant to a common plan of financing with the plan for the issuance of the Bonds and payable out of substantially the same source of revenues. (f) None of the proceeds of the Bonds will be used directly or indirectly to replace funds of the Issuer used directly or indirectly to acquire obligations having a Yield higher than the Yield on the Bonds or otherwise invested in any manner. (g) No portion of the Bonds is being issued for the purpose of investing such portion at a higher Yield than the Yield on the Bonds. (h) The Issuer does not expect that the proceeds of the Bonds will be used in a manner that would cause them to be arbitrage bonds under the Code and the regulations promulgated or proposed thereunder. The Issuer does not expect that the proceeds of the Bonds will be used in a manner that would cause the interest on the Bonds to be includible in the gross income of the owners of the Bonds under the Code. ARTICLE III REBATE (a) Original Proceeds of the Bonds will be held and accounted for in the manner provided in the Resolution. The Issuer will maintain adequate records relating to all deposits, withdrawals, transfers from, transfers to, investments, reinvestments, sales, purchases, redemptions, liquidations or use of money or obligations in such funds. (b) The reasonably anticipated amount of tax exempt governmental obligations which will be issued during the calendar year will not exceed five (5) million dollars. If, contrary to the reasonable expectations of the Issuer, additional obligations are issued during the calendar year, the Issuer will comply with Section 6.2 of this Tax Exemption Certificate. (c) In the Resolution, the Issuer has covenanted to pay to the United States, at the times and in the manner required or permitted and subject to stated special rules and allowable -11- .1111.I.I18.000FFY. Wil IVEILFIl. ILAYME.. SMITH & A.I.IIF.F. exceptions or exemptions, an amount equal to the excess of the amount earned on Nonpurpose Obligations acquired with Gross Proceeds of the Bonds, over the amount which would have been earned on such Gross Proceeds had the same been invested at a Yield not in excess of the Yield of the Bonds, plus the interest earnings on such excess amount (the "Rebate Amount"). (d) The Rebate Amount is expected to be zero. If not, the Issuer will establish pursuant to the Resolution and this Tax Exemption Certificate a fund which is herein referred to as the Rebate Fund. (e) The Issuer shall keep and maintain adequate records pertaining to all funds established by the Resolution including the Rebate Fund and all transfers thereto, deposits therein, disbursements therefrom, transfers therefrom and earnings thereon. (f) The Issuer will deposit to the Rebate Fund or pay to the United States of America from legally available money of the Issuer (whether or not such available money is on deposit in any fund or account related to the Bonds) any amount which is required to be deposited in the Rebate Fund or paid to the United States. ARTICLE IV INVESTMENT RESTRICTIONS Section 4.1 AVOIDANCE OF PROHIBITED PAYMENTS The Issuer will not enter into any transaction that reduces the amount required to be deposited into the Rebate Fund or paid to the United States because such transaction results in a smaller profit or a larger loss than would have resulted if the transaction had been at arm's length and had the Yield on the Bonds not been relevant to either party. The Issuer will not invest or direct the investment of any funds in a manner which reduces an amount required to be deposited into the Rebate Fund or paid to the United States because such transaction results in a small profit or larger loss than would have resulted if the transaction had been at arm's length and had the Yield on the Bonds not been relevant to the Issuer. In particular, notwithstanding anything to the contrary contained herein or in the Resolution, the Issuer will not invest or direct the investment of any funds in a manner which would violate any provision of this Article IV. -12- ®�® eni.eus, racer, ienncensn. u.oyiesNimi s .ua.xee Section 4.2 MARKET PRICE REQUIREMENT (a) The Issuer will not purchase or direct the purchase of Taxable Obligations for more than the then available market price for such Taxable Obligations. The Issuer will not sell, liquidate or direct the sale or liquidation of Taxable Obligations for less than the then available market price. (b) For purposes of this Tax Exemption Certificate, United States Treasury obligations purchased directly from the United States Treasury will be deemed to be purchased at the market price. Section 4.3 INVESTMENT IN CERTIFICATES OF DEPOSIT (a) Notwithstanding anything to the contrary contained herein or in the Resolution, the Issuer will invest or direct the investment of funds on deposit in the Reserve Fund, any other Gross Proceeds Fund, the Bond Fund, and the Rebate Fund, in a certificate of deposit of a bank or savings and loan association which is permitted by law and by the Resolution only if (1) the price at which such certificate of deposit is purchased or sold is the bona fide bid price quoted by a dealer who maintains an active secondary market in certificates of deposit of the same type or (2) if there is no active secondary market in such certificates of deposit, the certificate of deposit must have a Yield (A) as high or higher than the Yield on comparable obligations traded on an active secondary market, as certified by a dealer who maintains such a market, and (B) as high or higher than the Yield available on comparable obligations of the United States Treasury. (b) The Certificate described in part 2(A) of paragraph 4.3(a) above must be executed by a dealer who maintains an active secondary market in comparable certificates of deposit and must be based on actual trades adjusted to reflect the size and term of that certificate of deposit and the stability and reputation of the bank or savings and loan association issuing the certificate of deposit. Section 4.4 INVESTMENT PURSUANT TO INVESTMENT CONTRACTS AND REPURCHASE AGREEMENTS The Issuer will invest or direct the investment of funds on deposit in the Reserve Fund, any other Gross Proceeds Fund, the Bond Fund, and the Rebate Fund pursuant to an investment contract (including a repurchase agreement) only if (A) the Issuer receives at least three bids on the investment contract from persons other than those with an interest in the Bonds (e.g. underwriters, financial advisors), (B) the person whose -13- AIILF.IIS.CWSF.Y. IM1111{FILF.II. ILAJNf,.94mI& AI.I.IIF.F. O �® .ii M NI r8 n14NY 0[S MM.f6 UW. bid is accepted provides a certification stating that based on that person's reasonable expectations on the date the investment contract is entered into, Taxable Obligations will not be purchased pursuant to the investment contract at a price in excess of their fair market value or sold pursuant to the investment contract at a price less than their fair market value, (C) the Yield on the investment contract is at least equal to the Yield offered on similar obligations under similar investment contracts (e.g., the Yield on investment contracts entered into by issuers of qualified mortgage bonds). Section 4.5 RECORDS The Issuer will maintain records of all purchases, sale, liquidations, investments, reinvestments, redemptions, disbursements, deposits, and transfers of amounts on deposit. Section 4.6 INVESTMENTS TO BE LEGAL All investments required to'be made pursuant to this Certificate shall be made to the extent permitted by law. In the event that any such investment is determined to by ultra vires, such investment shall be liquidated and the proceeds thereof shall be invested in a legal investment, provided that prior to reinvesting such proceeds, the Issuer shall obtain an opinion of Bond Counsel to the effect that such reinvestment will not cause the Bonds to become arbitrage bonds under Section 103, Section 148, Section 149, or any other applicable provision of the Code. ARTICLE V GENERAL COVENANTS The Issuer hereby covenants to perform all acts within its Power necessary to ensure that the reasonable expectations set forth in Article II hereof will be realized. The Issuer reasonably expects to comply with all covenants contained in this Certificate. ARTICLE VI AMENDMENTS AND ADDITIONAL AGREEMENTS Section 6.1 OPINION OF BOND COUNSEL; AMENDMENTS The various provisions of this Certificate need not be observed and this Certificate may be amended or supplemented at any time by the Issuer if the Issuer receives an opinion or -14- Alll.fll<,1;(I(ISF.1'.IN1111PF.ILF.II. ILUXIF MIMIA lIDEE. •, iOnN1.S .1 LAw M6MOm13. 91W M T opinions of Bond Counsel that the failure to comply with such provisions will not cause and that the terms of such amendment or supplement will not cause any of the Bonds to become arbitrage bonds under the Code, or otherwise cause interest on any of the Bonds to become includible in gross income for federal income tax purposes under the Code. Section 6_2 ADDITIONAL COVENANTS, AGREEMENTS The Issuer hereby covenants to make, execute and enter intc (and to take such actions, if any, as may be necessary to enable it to do so) such agreements as may be necessary to comply with any changes in law or regulations in order to preserve the exemption from federal income taxation of interest on the Bonds to the extent that it may lawfully do so. The Issuer further covenants to (1) impose such limitations on the investment or use of moneys or investments related to the Bonds, (2) to make such payments to the United States Treasury, (3) to maintain such records, (4) perform such calculations, and (5) perform such other acts as may be necessary to preserve the exemption from federal income taxation of interest on the Bonds and which it may lawfully do. Section 6.3 AMENDMENTS Except as otherwise provided in Section 6.1 hereof, all the rights, power, duties and obligations of the Issuer shall be irrevocable and binding upon the Issuer and shall not be subject to amendment or modification by the Issuer. Section 6.4 AGREEMENT TO PAY REBATE AMOUNT, PENALTY AND INTEREST Except as provided in Section 6.1 hereof, the Issuer covenants to pay to the United States from legally available funds an amount equal to the payment due (plus a penalty less than or equal to such amount and interest on such amount and such penalty if so requested) within six months of a receipt of a Notice from the Secretary of the Treasury of the United States of America of nonpayment or underpayment of any amount due to the United States pursuant to any provision of the Code requiring that a payment be made to the United States Treasury to preserve the tax-exempt status of the Bonds. ARTICLE VII QUALIFIED TAX EXEMPT OBLIGATIONS For the sole purpose of qualifying the Bonds as "qualified tax exempt obligations" pursuant to the Code, the Issuer -15- .♦ AIILF.IIS, I:WFF.1'.IA1NIl'EILEII. IIA ME. VITH & ALLREE ..IOM NI.{�}IMW D[6 MOiNI S.qW. T 'a designates the Bonds as such and represents that the reasonably anticipated amount of tax-exempt governmental and Code section 501(c)(3) obligations which will be issued during the current calendar year will not exceed Ten (10) Million Dollars. IN WITNESS WHEREOF, the Issuer has caused this Tax Exemption Certificate to be executed by its duly authorized officer, all as of the day first above written.n�.[�q��[/_ City T easur of the Cy of Iowa City, State of Iowa Q-2 , 9 (SEAL) Director 111,11U or the C)ty of Iowa City. State of Iowa -16- uiLERS.IXgsEY. INmWmLmi. IL 016:. SHmIhA 1,11F.E �llplhl.S L1l.W .. .. ��3.gWI o V/ QJ a EXHIBIT A VERIFICATION CERTIFICATE OF THE PURCHASER The undersigned, David U. Van Metre , an officer of Chiles Heider Division, Shearson Lehman Brothers, Inc. (the "Purchaser"), hereby certifies as follows: 1. The Purchaser and the City of Iowa City (the "Issuer"), have entered into an Agreement dated _ January 27 1988 (the "Bond Purchase Agreement"), providing for the purchase of $1,260,000 Essential Corporate Purpose General Obligation Bonds of the City dated February 1, 1988 (the "Bonds"). 2. The Agreement is in full force and effect and has not been repealed, rescinded or amended. 3. None of the interest rates on the Bonds, the Purchaser's spread, or the production or profits in connection with the purchase and sale of the Bonds is unreasonably high. 4. The Purchaser hereby confirms that the initial offering prices of the Bonds to the public (not including bondhouses and brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers) at which price a substantial amount of the Bonds (not less than 108 of each maturity) were sold, are prices not greater than as shown below and said prices are not unreasonably low: -17- MIWIS. fMAY.WiM FILER. u1ll1EMMI &A LWEE mony, 1. Al .w o,5 Vd«,S qW. Aggregate Price (% Dollar of par) Reoffering Principal Principal (do not include Price (do not lude Year Amount Issued Amount Sold Reoffering accrued accrued Yield interest) interest) 1990 1991 $150,000 $150,000 $150,000 $150,000 5.40% 5.60% 100.00 $150,000. 1992 $150,000 $150,000 5.80% 100.00 100.00 $150,000. $150,000. 1993 1994 $150,000 $150,000 $150,000 $150,000 6.00% 6.10% 100.00 $150,000: 1995 $125,000 $125,000 6.201 100.00 100.00 $150,000. $125,000. 1996 1997 $125,000 $125,000 $125,000 6.30% 100.00 $125,000. 1998 $135,000 $125,000 $135,000 6.402 6.50% 100.00 $125,000. 99.244 $133,979.40 Total $1,260,000 -17- MIWIS. fMAY.WiM FILER. u1ll1EMMI &A LWEE mony, 1. Al .w o,5 Vd«,S qW. V P In addition accrued interest in the S e—a will be paid f investors purchasing the Bonds. total amount of the i The aggg re ate initial offerin including accrued interest isg price to the public not S 1,258,979.90. IN WITNESS WHEREOF, the Purchaser has caused this verification certificate to be executed by its duly authorized Officer this 27 day of Januar�_ 1988. HEIDER DIVISION, SHEARSON BROTHERS, IN4. 4 e: -18- .IIII.F.IIC,I:fNI\'E1', DOIIIIEII.F.fl.IIAI\'I F..SUMI&.11.1AEE A0 111WN[Y61141W IXS4pH[I.gWY N M ra_ 8038'G Information Return for Tax -Exempt (Oecemow 1966) Governmental Bond Issues cue Molsesarm 0roennrnf of the Trt•tury ► Undcr $cellon 1 e9(c) Mf..w ae.e.wc Sen+cr Lp.n 12- (usc Fwm $03a•Gc H ISM pekc 1• ruedrr $100,000.) 31-a9 Re ortin Authorit 1 kwee•n•nt Check box if Amended Return P. Iowa City, Iowa City of 2 nwn••a^obya aen,Ao,m a M.bof rtlp•M x y'l-6004Ko5 r 410 East Washington • Row er.,,aer $ Iowxx apCity,e Iowa 52240 0198 8 - 1 s ahaa..e LJMT e of Issue check boxes that applies) February 3, 1988 7 Check box if bonds are tax or other revenue anticipation bonds► ❑ 6 Checkboxif bonds are inlhe form of a lease winstallmen(safe ► ❑ hu,, efrw 9 ❑ Education . , 10 ❑ Health and hospital . . . . . . . I1 El Tramporlation . • . . ' ' ' . • ' . . . . . . . . . . . . 12 ❑ Pubiicsafety . 13 ❑ Environment(in luding$'ewage bonds)• . . • . . • . ' ' ' ' ' . ' ' ' . • 14 C3Housing . . . . . . . . . . . . . . 15 ❑ utilities 16 ® Other. Describe (see instructions) b. Ra tEr fS'{nn (lnnl. M601000) rp ww am P) . (e) (n (0) w 17 Finalmatu• "'' aneren awe was SUf�d� an weaned M Met nt7 •L6 1 9R c .shoe _opo an •.e• �nefwdv Yrtl -----•—•• "... uCceosoIissue JIncludIng underwriten'dlscount 19 Proceeds used for accrued interest 20 Proceeds used for bond issuance costs(including underwriters'discI9 $ 21 Proceeds used for credit enhancement. ount). • • • • . 20 $ 22 Proceeds allocated to reasonably requiredreserm or replacement fund 21 23 Proceeds used to refund prior issues ' • • • . . 22 24 Nonrefunding proceeds of the issue (subtract lines 20.27 _'pi .•,wee :.__ . _ _ 23 1'77w n _ . 25 Enter the remaining weighted average mat,hyof the bonds 10 be refunded refundln bonds 26 Enter the last date on which the refunded bonds will be called ' ► 27 Enter the dale(s) the refuhdrd n.aYbonds were issueA a.' . ► ni r 28 Enter the amount (if any)of the state volume cap allocated to this (zsue , 29 Arbitrage rebate: . ► N/p A Cheek box if the srnallgos'emmental unit exception to the arbitrage rebate requirement applies. Check box" the li•month temporary investment exception to the arbitrage rebate requirement's expeged to apply • e Check box H you expect to earn and rebate arbitrage protRs to the U.S. • ❑ 30 Poole financings: amount the bonds designatedtry.the,issuer under .seclbn265(bx3XB u . . . ► S1_ 26_p 60,0 El 31 Enter the amount: a Check box dairy of the proceeds of this issue Are to be usedtomakelarstoothef g"runentalunits A. ❑and enter the amount A. 6 Check ba if this issue s a ban made from the proceeds of another taxer issuer A. empl issue ► ❑ Ancient" the name of the u+d«n.oen.rwa�wr.rae<urr lrwlne.. and the date of the issue► alase eMr•elrue,tarM,upennyrte n+"+w lire cash «a. e•m,•, aKned Me•MWlrnee.rtl Inc Mete Sign '"r •n..... �n.meNef. HereYwAnl a1e ser C -G w ORIGINAL CIG -22-6/87 TAX EXEMPTION CERTIFICATE CITY OF IOWA CITY, IOVIA THIS CERTIFICATE made and entered into on _ 1988, by the City of Iowa City, State of Iowa (the "Issuer") INTRODUCTION This Tax Exemption ertificate is executed and delivered in connection with the iss ance by the Issuer o its $1,260,000 Essential Corporate purp se General Obligation Bonds, (the "Bonds"). The Bonds aressued pursuant the Resolution of the Issu r authorirc zin thetisshe uancesoEnthef Bonds. Such resolution pr�vides that a covenants contained in this Tax Exemption Certificate con titute a part of the Issuer's contract with the owners o the Bonds. The Issuer recognizes that ! below) the tax-exempt status f owners of the Bonds is depend ascto futurecircumstances notain end edst� the observance of certain vena covenants that it will to a such Bonds as may be required y the regulations issued ther under in maintain th oder the Code (as defined he interest received by the on, among other things, the ble expectations of the Issuer ce at this time, as well as Its in the future. The Issuer tion with respect to the and pertinent legal ger to establish and ie Bonds, including the contained in the tificate. e tax-exemp status of observance of all sp ific covenan Resolution and this ax Exemption ARTICLE I DEFINITIONS The term defined in the Resolution s all retain the mea/ne forth therein when used in th s Certificate unless theclearly indicates another meani nded. The folrms as used in this Tax Exemptiog Certifis icate shall havenings set forth unless the contex clearly indiother meaning is intended. Other arms used in thisption Certificate shall have the anings set FortCode or in the Regulations unless a context cleaatesanother meaning is intended. -1- IIILEIIXCm\F. f.1x 0111 Y.ILl:I1. ILII\II:. %I IT) I x 11.1.114: 1: /V/ z rw "Actual Earnings" on any obligations means all income realized under Federal income tax accounting principles (whether or not the person earning such income is subject to Federal income tax) or such other accounting principles as may be authorized by the Regulations with respect to such obligations and with respect to the reinvestment of investment receipts from such obligations (without -egard to the transaction costs incurred in acquirin carrying, selling or redeeming such obligations), includin gain or loss realized on the disposition of such obligations ithout regard to when such gains are taken into account u der Section 453 of the Code) an including income under ction 1272 of the Code. In addition, •f any obligation is r ained after the Final Bond Retirement te, any unrealized gain or loss as of the Final Bond Retireme t Date must be t ken into account in calculating the aggregate mount earned 0/6 such obligations. Any obligation whic is owned b the Issuer prior to the issuance of the Bonds, sh 11 be tre ed as acquired for its then fair market value on t e date which such Obligation is pledged to the payment of the Bonds/ "Allowable Earn> gs," means all earnings on Tax Exempt Obligations and the ounts which would have been earned on Taxable obligations h'd such been invested at a Yield equal to the Bond Yield. "Allowable Reserve nd Amount" means ten (10) percent of the Proceeds. The Allow le Reserve Fund Amount is computed to be S -0- "Annual Debt Service" m a on the Bonds scheduled to be "Availabl'e Earnings" mean on all funds'discussed her Rebate Fun or deposited int Rebate Fund for any purpose State of America. ns the principal of and interest paid during a given Bond Year. those amounts of Actual Earnings ither not deposited into the o tad then withdrawn from the oth r than payment to the United "Bongs" means the $1,260,000 egate principal amount of Essenti d Corporate Purpose Genera Obligation Bonds of the Issuer sued pursuant to the Re sol tion. "B nd Counsel" means Ahlers, Cooney, Dorweiler, Haynie, Smith 6 Allbee, Des Moines, Iowa, or an attorney at law or a firm f attorneys of nationally recognized standing in matters pert ining to the tax exempt status of interest on obligations iss ed by states and their political subdivisions, duly adm tied to the practice of law before the highest court of any state of the United States of America. -2- VILER, Ar..\. Ix -0I\\ F.ILF.II. II OqE. %I IT] I& \LLIIl:F. "Bond Fund" means the Sinking Fund described in the Resolution. "Bond Reserve Fund" means any Bond.Reserve Fund described in the Resolution. / "Bond Yr" means a one-year per od beginning from the day and month o the Closing Date in a calendar year to that day and month in the next calendar ve "Bond Yiel " means that disc unt rate which produces an amount equal to the Issue Price when used in computing the present worth on all payments E principal and interest to be paid on the Bond, using semi nnual compounding on a 360 -day year. "Closing" mean the del very of the Bonds in exchange for the agreed upon purr p ice. "Closing Date" m ans he date of Closing. "Code" means the ernal Revenue Code of 1986, as amended, and any statutes which replace or supplement the Internal Revenue Code of 1986. "Excess Earnings" me ns Actual Earnings minus Allowable Earnings. "Final Bond Re irement ate" means the date on which the Bonds are actually paid in ull. "Governmental Obligations" means direct general obligations of, or obligatio s the timely ayment of the principal of and interest on whir is unconditi Wally guaranteed by, the United States of Ameri a. "Gross Pro Beds" means (i) am unts received (including repayments of rincipal) as a res. t of investing original proceeds of t Bonds, (ii) amount used to pay debt service on the Bonds (ii ) original Proceeds, nvestment proceeds and transferred p oceeds (if any) of theBonds and (iv) amounts pledged to t e payment of debt servic on the Bonds. "Gross qroceeds Funds" means the Boid Reserve Fund, the Project Fun and any other fund or accoupt held for the benefit w of the Bonolders or containing Gross Proceeds of the Bonds except the Bond Fund and the Rebate Fund.' -3- III Lfai%.�:ui11:1.1x 0111l:ILl:I1.❑.\1 )1l:. s\I nllx 11.111E F. &M W' "Issue Price" means the initial offering price of the Bonds to the public (not including bond houses, brokers or similar Persons or organizations acting in the capacity of underwriters or wholesalers) at which price a substantial amount of the Bonds were1d. The Purchasers have certified the to be not ore than $_ Issue Price "Issuer'(' means City of Iowa City,/State of Iowa. or tion he percenitnof Pr�ceedsoort$100�000. mehesHinorlesser portionfoffive the(S) Bonds is compud to be $ amounteofpprocee ofathethe depositedceeds of the intoonds minus the any reasonably required reserve replacem t fund. "Nonpurpose Obligation ' means any security or obligation not described in Sec ion 48(a) of the Code which is acquired with the Gross Procee s d is not acquired in order to carry out the governmental r ose of the Bonds. "Original Proceeds means the Proceeds of the Bonds minus the amount of proceed o, the Bonds expended on reasonable costs of issuance of the onds as calculated in Sectioh 2.2 of this Tax Exemption ertif cafe. "Parity Bonds" means t\full , and all other outstanding bonds of the Issu c rankingarity with the Bonds as set forth in the Res lution. "Proceeds" eans the amproceeds of the Bonds calculated in ection 2.2 oTax Exemption Certificate. "Project" means the purf equipment for municipal waterworks; nd constructionstruction and repair of street impr ements, as mordescribed in the Resolution. "Proje t Fund" means the funda tablished in the Resolution for the de osit of the Spendable Pro Beds. "Pur asers" means Chiles Heider vision, Shearson Lehman Brothers Inc. of Omaha, Nebraska, as m nager of the und0rwr ting syndicate constituting the initial purchasers of the Bon s from the Issuer. "bate Fund" means the fund to be created if required pursu nt to the Resolution and Article III of this Tax Exemp, ion Certificate. -4- VILLIb i.ix nla Ix A6�k:ILfll II 11 \I1. .Vlilla U.LII1.1: 0 a "Regulations" means the Treasury Regulations valid Ly issuud or proposed under Section 103, Section 148 or Section 143 of the Code, or other Sections of the Code relating to "arbitrage bonds," including without limitation Sections 1.103-13, 1.103-14, 1.103-15 and 1.103-15AT, and includes amendments thereto or succes dr provisions. "Reserve Fund' means that portion of the Bond Reserve Fund allowable to the ends as described in the Resolution. "Resolution" m ans the resolution of the Issuer adopted on providing for the issuance of the Bonds. "Sinking fund" means the Bond Sinking/Fund of the Issuer described in the Resolution. / "Spendable ProceIds" means the Or ginal Proceeds minus the sun of (a) the amount of any reason ly required reserve or replacement fund for he issue, (b the excess of the Minor Portion over the amou t determine in (a) above, and (c) the amount of any Original Proceeds xpended within the temporary period in payment of the debt rvice on the Bonds. "Tax Exempt Obligations"eans bonds or other obligations the interest on which iso ex ludable from the gross income of the owners thereof underl�S ction 103 of the Code. "Tax Exemption Certificate" means this Certificate. "Taxable Obligatio s" means all investment property, obligations or securi les other than Tax Exempt Obligations. "VerificationC rtificate" means the computation and schedules attached to this Tax Exemption Certificate as Exhibit A. "Yield" mea that discou�t rate which produces an amount equal to the p chase price of an obligation when used in computing the resent worth of',all payments of principal and interest to b paid on such obligation, using semiannual compounding n a 360 -day year. ARTICLE II SPECIFIC CERTIFICATIONS, REPRESENTATIONS AND AGREEMENTS The Issuer hereby certifies, represents and agrees as follows: -5- m,.,.u. � �.,v,, n�mrr r.u.eu ini.u. •vrni.� v.ian:�. Section 2.1 AUTHORITY TO CERTIFY AND EXPECATIONS (a) The undersigned representative of the Issuer is charged, along with. other officers of the Issuer, with the responsibility ofi/issuing the Bonds. (b) This Cer iEicate is being executed and delivered in part for the purp ses specified in Section 1.103-13(a)(2) of the Regulations a d is intended (anongjother purposes) to establish reasonab a expectations of the Issuer at this time. (c) The Issue ti as not been no Eied of any disqualification or proposed disqu iEication of it by the Commissioner of the nternal Reve a Service as a bond issuer which nay certify bo d issues un r Section 1.103-13(a)(2)(ii) of the Regulations. (d) The certiEica`t forth in Article II of) on the basis of the fac existence on the date h with respect to amounts of the Bonds, amounts a payment of amounts into the authorizations or Issuer pursuant to th ions, epresentations and agreements set this ax Exemption Certificate are made s, stimates and circumstances in e e f, including the following: (1) pected to be received from delivery c ally received, (2) with respect to v rious funds or accounts, review of ire tions for such payments made by the Res lution, and this Tax Exemption Certificate, (3) wit respe certifications of t Purch hereto, (4) with re pect to t to the Issue Price, the _ers as set Eorth in Exhibit A xpenditure of the proceeds of the Bonds, actual expe d1 tures an reasonable expectations of the Issuer as to when the proceed will be spent for purposes of the Project, (5) ith respect o Bond Yield, review of the Verification Ce iEicate, and ( ) with respect to the amount of governmental a Code section 5 (c)(3) bonds to be issued during the cal ndar year, the bu eting and present planning of city officiaY1. The issuer has n reason to believe such facts, estimes or circumstances re untrue or incomplete in any materialay. (e) TV the best of the knowledg and belief of the undersign y officer of the Issuer, th re are no facts, estimates or circumstances that would aterially change the represen ations, certifications and ag eements set forth in this Ag ement, and the expectations herein set out are reasons le. Se tion 2.2 PROCEEDS Issuer will receive the following nt from the sale of the Bonds: -6- p. VILEIt, Al I. IIID LILLII.11%1%1 L .MITII x ILLIIFI. ®��•//• P M (a) amount received for principal (minus discount plus premium) (b) plus accrued interest (c) equals Proceeds received on Closing Date (d) minus /reasonable costs of issui g the Bonds (e) equal riginal Proceeds receiv d on Closing Date Section 2.3 RECEIPTS AND EXPE Receipts from the issuance of the preceding Sect on are expected as follows: $1,249,164 S Y Bonds as identified in be deposited and expended (1) Accrued\ interest w ll be deposited into the Bond Fund and will be ksed to p a portion of the interest accruing on the Bo d�\s on a first interest payment date, and (2) Proceeds w\ly be used within six months of the Closing Date to pay t e costs of issuance of the Bonds, (with any excess rem i ing on deposit in the Project Fund), (3) Proceeds (les the amount received for accrued interest and depo iced i the Bond Fund) will be deposited into the Project Fund an will be used together with Available Earni gs thereo to pay the costs of the Project. Proceeds and dstimated Ava lable Earnings on amounts which will be on depos't in the Proje t Fund do not exceed the amount necessary to ac omplish the gove nmental purposes of the Bonds. The PurcYser will reoffer an4sell the Bonds to the public for offering prices as described i Exhibit A. isiectiorY 2.4 PURPOSE OF BONDS The I suer is issuing the Bonds t pay costs of the purchase of equipment for municipal w terworks; and constru tion, reconstruction and repai of street improvements. -7- W n1:T. IM 40% 1.11111. IIAS II: F MITII h 9.LtIF.F. orwrns .r ..w oo ae•ms•ow. 4 Section 2.5 FACTS SUPPORTING --------_TEMPORARY PERIODS FOR PROCEEDS '" - - - --- (a) The Issuer will within six months of the date of the Closing incur a substantial binding obligation to acquire the Project and exceeding two and one-half percent of the cost of acquiring the Project. All elements of the project will be designed and plac under contract during the six-month period for construction commencing with the 1988 bnstruction season. Work on the Proj ct will proceed thereaft e/t with due diligence to completion an is expected to be compl ted by August 31, 1989. (b) Not less 1than eighty-five per ent of the Spendable Proceeds is expect d to be expended f r Project costs, including the ream ursement of other funds expended to date within a temporary eriod ending t rty-six months from the earlier of the los ng or the fir interim temporary obligations issued t fund the P ject and replaced by the Bonds; and all of su h Spendabl Proceeds are expected to be expended for the pure se of th Project by November 30, 1989. (c) Proceeds of t e Bon representing less than six months accrued interest on a Bonds will be spent within six months of this date to y interest on the Bonds, and will be invested without restric ' n as to yield for a temporary period not in excess of six mon s. (d) Proceeds of t e B nds to be used to pay costs of issuance of the Bonds ill a expended within six months and will be invested wit out re triction as to yield for a temporary period. Section 2.6 ESOLUTION UNDS AT RESTRICTED OR UNRESTRICTED YIE (a) Procee s of the Bonds ill be held and accounted for in the manner rovided in the Regsolution. (b) The Issuer has establish d and will use the Bond Fund primarily t achieve a proper mate ing of revenues and debt service wl to each Bond Year and a Issuer will apply moneys deposited nto the Bond Fund to pay the principal of and interest n the Bonds. Such Fund wi 1 be depleted at least once ear Bond Year except for a reas nable carryover amount. The car over amount will not exceed t \\e greater of (1) one d or al debt's rvice. The Issuer �aarnings on the nwill nspend (mo�leys deposited ffrom utime to ti a into such fund within thirteen months after the date of deposit. Revenues, intended to be used to pay debt service on -8- .III Lf:IiS. tln15 F.1. h INN MUM. HA N IY...YNnll s 11.LIIY.F. it the Bonds, will be deposited into the Bond Fund as set forth in the Resolution. The Issuer will spend interest earned on moneys in such fund not more than 12 months after receipt. Accordingly, the Issuer will treat the Bond Fund as a bona fide debt service fund. Investment of amounts on deposit in such fund will not be subject to yield restrictions. (c) The Issuer h�a s not created or established and does not expect to create or stablish any other sinking fund, bond fund, reserve fund, r other similar fund or account for the Bonds. The Issuer h s not and will not pledge any moneys, or Taxable Obligations, in such Eashion so as;to make such available to pay deb service on the Bonds or restricted so as to give reasonable as urances of their availability for such purposes. (d) Any monies wh ch are invest beyond a temporary period are expected to onstitute 1 s than a major portion of the Bonds or to be rest icted for 'nvestment at a Yield not greater than the Yield o the Bon s by more than one-eighth of one percent. Section 2.7 PERTAIN G T YIELDS (a) The purchase price f all Taxable Obligations -to which restrictions as to investor t Yield or rebate of Excess Earnings, if any, under t is Tax Exemption Certificate applies has been and shall be ca cul ted using (i) the price taking into account discount, remfu and accrued interest, as applicable, actually p id or ('i) the fair market value if less than the price actual y paid a d if such Taxable Obligations were not purchased d'rectly fro the United States Treasury. The Issuer will ac ire all suc Taxable Obligations directly from the United St tes Treasury r in arms length transactions without regard to any amounts pai to reduce the Yield on such Taxable Obligati ns. The Issuer ill not pay or permit the payment of any mounts (other than to the United States of America) to re uce the Yield on an Taxable obligations. Obligations pledged to the payment E debt service on the Bonds, or de osited into any bond re erve fund after they have been acquir d by the Issuer will be eated as though they were acquired f r their fair market value n the date of such pledge or deposi . \ (The Bond Yield has been computed as not less than Ob�percent. This Yield has been computed on the basis rchase price for the Bonds equal to the Issue Price. -9- IIILY.Ns gn)1:1'.I+�IIN V:ILhal. 1111 SII: allTlltr Il.l,lif: V: .no•+rs oun ou ..nnu .rns. ®Vo® Section 2.8 MINOR PORTION The Minor Portion of the Bonds will be invested without regard to Yield as part of a Minor Portion of the Bonds. Section 2.9 NO OTHER FUNDS Except for the unds hereinabove described, the Issuer has no other bond fund, sinking fund, reserve fund or similar fund dedicated to or rea onably expected to be used or available to pay the Bonds. Section 2.10 [ SERVED] Section 2.11 [RE ERVED] ,1 Section 2.12 FURTHER CERTFICATIONS (a) The Issuer will�fil with the Internal Revenue Service in a timely fashion an In Eo mation Return for Tax -Exempt Governmental Bond Issues w4 respect to the Bonds. The Issuer will file such other reports and provide such - information as is requi ed to comply with the Code and applicable regulations (b) TheIssuer ill take no action which would cause the Bonds to become Pri ate Activity Bonds (as defined in the Code), including, ithou t limitation, any sale, lease, management or sim' ar use of the Project to or by any person other than a gov omental unit (other than as a member of the general public). None of the Proceeds of the Bonds will be used directly cf indirectly tomeke or finance loans to any person other t an governmental units. No more than 58 of the Project will a or has been used directly or indirectly in any trade or busyness carried on by any person other than a governments unit. (c) T e Issuer will make no change in the nature or purpose o the Project except as provided in Section 6.1 hereof. (d) Except as provided in Section 6.1 hereof, the Issuer will n establish any sinking fund, bond fund, reserve fund, v debt s rvice fund or other fund reasonably expected to be used to pa debt service on the Bonds (other than the Bond Fund and any R serve Fund), exercise its option to redeem Bonds prior to maturity or effect a refunding of the Bonds. ate %I I I. HIS COW I%I.I IN IIM I..ILF.H.HAI 'NF.. SMRIIt II.LIIF.Y. .11W11 IN.1'.N OIS 4P4(9 SOW / q_, Is u s (e) No bonds or other obligations of the Issuer (1) were sold in the 31 days preceding the date of sale of the bonds, (2) were sold or will be sold within the 31 days after the date of sale of the Bonds, (3) have been delivered in the past 31 days or (4) will be delivered in the next 31 days pursuant to a common plan of financ}ng with the plan for the issuance of the Bonds and payable 0 t of substantially the same source of revenues. (f) Noneof t e proceeds of the Bonds will be used directly or indire t1y to replace funds of the Issuer used directhigherlor than thelYie dyonotheguire Bondsooc19itions hainvesteYieldany manner. (g) No portion o the Bonds is tieing issued for the Purpose of investing Auch portion / a higher Yield than the Yield on the Bonds. (h) The Issuer doeVunder ct that the proceeds of the Bonds will be used in aat would cause them to be arbitrage bonds under td the regulations promulgated or proposed thereunder.er does not expect that the proceeds of the Bonds win a manner that would cause the interest on the Bonncludible in the gross income_ of the owners of the Bohe Code. ARTICLE III (a) Original Pr coeds o the Bonds will be held and accounted for in th manner p ovided in the Resolution. The Issuer will maiyn adequate ecords relating to all deposits, withdrawals, trers from, t ansfers to, investments, reinvestments, s, purchase , redemptions, liquidations or use of money origations in uch funds. (b) The asonably anticipa ed amount of tax exempt r governmental ligations which will be issued during the calendar yea will not exceed fiv (5) million dollars. If, contrary to he reasonable expect tions of the Issuer, additional bligations are issued uring the calendar year, the Issuer wil comply with Section 6. of this Tax Exemption Certificat . the has the Unit¢dnStates, atuthe ntimes and uih the manner nrequirredted toaorto permittee and subject to stated special rules and allowable -11- 1111.4:115, IM'IM UIXII.11.11 \11..6VRII S.ILLIll. f. oro+..r.e.r uw au n.ow,e ow. V exceptions or exemptions, an amount equal to the excess of the amount earned on Nonpurpose Obligations acquired with Gross Proceeds of the Bonds, over the amount which would have been earned on such Gross Proceeds had the same been invested at a Yield not in excess of the Yield of the Bonds, plus the interest earnings on such excess amount (the "Rebate Amount"). (d) The Rebate Amount is expected to be zero. If not, the Issuer will esablish pursuant to the Resolution and this Tax Exemption Certificate a fund which is 'herein referred to as the Rebate Fund. \\ (e) The Iss er shall keep and maintain adequate records pertaining to all funds establishhe/by the Resolution including the Rebate Fund an all transfers hereto, deposits therein, disbursements there rom, transfer therefrom and earnings thereon. (f) The Issuer w 1Vein t to the Rebate Fund or pay to the United States of om legally available money of the Issuer (whether oravailable money is on deposit in any fund or accounto the Bonds) any amount which is required to be deposhe Rebate Fund or paid to the United States. CLE IV RESTRICTIONS Section 4.1 The Issuer wil not enter i to any transaction that reduces the amount req the d to be deposi ed into the Rebate Fund or. paid to the Unit States because such transaction results in a smaller profit o a larger loss th n would have resulted if the transaction hVunt been at arm's leng h and had the Yield on the Bonds not beeelevant to either p rty. The Issuer will not invest or dirthe investment of a y funds in a manner which reduces an am required to be dep ited into the Rebate Fund or paid to tnited States becauseuch transaction results in a small p ofit or larger loss than ould have resulted if the transac ion had been at arm's lengt and had the Yield on the Bonds n t been relevant to the Issue In particular, notwithsta ding anything to the contrary contained herein or in the Resol ion, the Issuer will not invest or direct the investmen of any funds in a manner which would violate any provisio of this Article IV. -12- au.eus, :..e:r.iHmxrm.eu.u.usu:.semia vagina: Section 4.2 MARKET PRICE REQUIREMENT (a) The Issuer will not purchase or direct the purchase of Taxable Obligations for more than the then available market price for such Taxable Obligations. The Issuer will not sell, liquidate or direct the sale or liquidation of Taxable Obligations for less than the then available market price. (b) For purposes of this Tax Exemption Certificate, United States Treasuccrjjjyyy obligations purchased directly from the United States Treasury will be deemed to be purchased at the market price. \ Section 4.3 i IFICATES OF DEPOS (a) Notwithst nding anything to the contrary contained herein or in the Re olution, the ssuer will invest or direct the investment of fu ds on depo it in the Reserve Fund other Gross Proceeds Fun in a certificate of d pe association which is p r only if (1) the price at Purchased or sold is th who maintains an active deposit of the same type market in such certific deposit must have a Yi on comparable obligat n , any the and Fund, and the Rebate Fund, it oya bank or savings and loan /ba d by law and by the Resolution h such certificate of deposit is fide bid price quoted by a dealer dary market in certificates of (2) if there is no active secondary of deposit, the certificate of A) as high or higher than the Yield aded on an active secondary market, maintains such a market, and (B) Y'eld available on comparable t tes Treasury. as cert fled by a de er w as high or higher th n the obligations of the nited (b) The Cert'ficate descr'bed in part 2(A) of paragraph 4.3(a) above mus be executed a dealer who maintains an active secondar market in comp rable certificates of deposit and must be ba ed on actual trad s adjusted to reflect the size and term of t t certificate of qposit and the stability and reputation of the bank or savings and loan association issuing the certific to of deposit. ctio 4.4 INVESTMENT PURSUAN� TO The Issuer will invest or directhe investment of funds on deposit in the Reserve Fund, any other Gross Proceeds Fund, the Bond F d, and the Rebate Fund pursuan to an investment contra t (including a repurchase agreem nt) only if (A) the Issuer receives at least three bids on the investment contract from persons other than those with an interest in the Bonds (e.g. underwriters, financial advisors), (B) the person whose -13- 111LF.N5.IA xi.1'fa'. IM�NN f:ILE11.11.11'YIl:. Aml s.11.1.16:1: .noxi n•r ..w oss wa.a pow. bid is accepted provides a certification stating that based on that persons reasonable expectations on the date the investment contract is entered into, Taxable Obligations will not be purchased pursuant to the investment contract at a price in excess of their fair market value or sold pursuant to the investment contract at a price less than their fair market value, (C) the Yield on the investment contract is at least equal to the Yield offered on similar obligations under similar investment contracts (e.g., the Yield on investment contracts entered into by i f, ers of qualified mortgage bonds). Section 4.5 The Issuer wil maintain records of all purchases, sale, liquidations, investments, reinvestments, redemptions, disbursements, depo its, and transfers of amounts on deposit. Section 4_6 IN ESTMENTS TO BE LErar. All investments r quired to be mad pursuant to this Certificate shall be ade to the exte permitted by law. In the event that any suc investment i determined to by ultra vires, such investment shall be liq dated and the proceeds thereof shall be invest d in a leg investment, provided that prior to reinvesting su proceeds, the Issuer shall obtain an opinion of Bond Counsel o the of ect that such reinvestment will not cause the Bonds to beco a arbitrage bonds under Section 103, Section 148,Secti n 149, or any other applicable provision of the Code. ICLE V COVENANTS The Issuer c ve hereby nant\1be o perform all acts within Power necessary to ens re thate reasonable expectations forth in Article II h reof wilrealized. The Issuer reasonably expects t comply wall covenants contained this Certificate. ARTICLE DMENTS AND ADDITIONAL AGREEMENTS its set in The var ous provisions of this Ce4tificate need not be observed a d this Certificate may be amended or supplemented at any time y the Issuer if the Issuer receives an opinion or -14- uu.eus. cie nrr. iw om eu.Eu. au w:...MITI i> ALLIIEE b opinions of Bond Counsel that the failure to comply with such provisions will not cause and that the terms of such amendment or supplement will not cause any of the Bonds to become arbitrage bonds under the Code, or otherwise cause interest on any of the Bonds to become includible in gross income for federal income tax purposes under the Code. Section 6.2 ADDITIONAL COVENANTS, AGREEMENTS The Issuer hereby covenants to make, execute and enter into (and to take such actions, if any-,--as---m-ay be necessary to enable itto o so) such agreements as may be necessary to comply with an changes in law or regulations in order to preserve the ex 'JP from federal income taxation of interest on the Bonds to a extent that it may lawfully do so. The Issuer further co nants to (1) impose Ns limitations on the investment or use o moneys or investm nts related to the Bonds, (2) to make s ch payments to t e United States Treasury, (3) to maintain such ecords, (4) pe form such calculations, and (5) perform such o her acts as ay be necessary to preserve the exemption from Fede al income axation of interest on the Bonds and which it may 1 wfully d . Section 6.3 Except as otherwise prc rights, power, duties and o irrevocable and binding upo subject to amendment or mod Section 6.4 INTEREST in Section 6.1 hereof, all the tions of the Issuer shall be Issuer and shall not be tion by the Issuer. Except as provided in Section 6\nde of, the Issuer covenants to pay to t e United Statlegally available funds an amount equa to the paymen than or equal to su amount and inPJ onusuchs a pamount and such penalty if so equested) withionths of a receipt of a Notice from the ecretary of the y of the United States of America of nonpayment or due to the Unite States ment of any amount requiring that a pursuant trovision of the Code payment be made toted States Treasury to preserve the tax-exempt status odc. ARTICLE VII QUALIFIED TAX EXEMPT OBLIGATIONS For th sole purpose of qualifying the Bonds as "qualified tax exempt obligations" pursuant to the Code, the Issuer -15- 111Ll:II%.4x,1 F:1'. IM III N'EI1.l:I1. 11.11 gh:.111T11! ILLIICf: ...On M1Ir3 M11 ,.K OIS MO�M1fi SOK. e41i 4 A designates the Bonds as such and represents that the reasonably anticipated amount of tax-exempt governmental and Code section 501(c)(3) obligations which will be issued during the current calendar year will not exceed Ten (10) Million Dollars. IN WITNESS WHEREOF, the Issuer has caused this Tax Exemption Certificate to be executed by its duly authorized Officer, all as of the day first above written. (S CityC1tY Treasurer oof the City of Iowa City, State of Iowa -16- IIII.F.IIX. iA r i\ f: f.lx i11%F.I I.1:N. ILII SI I:. x1111115.11.LIlY. F. n roan u,•w ors ..o -..,s ow. /el/ 4 a EXHIBIT A VERIFICATION CERTIFICA� THE_PURCHASER The undersigned, an officer of Chiles Heider Division, Shearson Lehman Brothers, Inc. (the "Purchaser"), hereby certifies as follows: I. The Purchaser and the City of Iowa City (the "Issuer"), have entered into an Agreement dated "Bond Purchase Agreement"), providing for the purchase(ofe $1,260,000 Essential Corporate Purpose General Obligation Bonds Of the City dated February 1, 1988 (the "Bonds"). 2. The Agreeme been repealed, resc 3. None of the Purchaser's spread, with the purchase a is in full force and effect and has not :d or amended. interest rates on the Bonds, the or the production or profits in connection J sale of the Bonds is unreasonably high. 4• The Purchase hereby confirms that the initial offering prices of the Bonds t the public (not including bondhouses and brokers or similar pe ons or organiz ations acting in the ' capacity of underwrite s or, wholes iers) at which price a substantial amount of t e Bonds ( �t less than 108 of each maturity) were sold, are and said prices of greater than as shown below prices are not nreaso ably low: Price (8 Principal Principal (do not Amount Amo nt Year Issued S ld -17- mi.ex>, a. ma. i� mu eu.F:u. uurcsuaumis u.i.m:r: Of par) include eoffering accrued Yield interest) 1990 $150,000 1991 $150,000 1992 $150,000 1993 $150,00 1994 $150,0 0 1995 $125, 00 1996 $ 12 5 00 1997 $12 ,000 1998 $1 ,000 Total Aggregate Dollar Reoffering Price (do not include accrued interest) ,W u a In addition accrued interest in the total amount of The a Will be paid by the investors purchasing the Bonds. —aggregate initial offering price to the public not including accrued interest is IN WITNESS [THEREOF, the Purchaser has caused this verification certificate to be executed by its duly authorized officer this day of 19 CHILES HEIDER DIVISION, SHEARSON LEHNAN BROTHERS, INC. By Title: — -18- 111Lf:I1S. CalYF.1'. IMIIIN'F.ILF.I1. 11.11SIY., q%imi k.11d.11F.F. ...mores auw os .+o�nu pan. /VY