HomeMy WebLinkAbout1979-04-17 AgendaSPECIAL COUNCIL MEETING OF APRIL 17, 1979 - 1:00 P.M.
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JORM MICROLAB
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IOWA CITY CITY COUNCIL
AGENDA
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REGULAR COUNCIL MEETING OF APRIL 17, 1979
7:30 P.M.
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COUNCIL CHAMBERS, CIVIC CENTER
410 E. WASHINGTON
MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS•DES MOINES
AGENDA
ADJOURNED COUNCIL MEETING
CONFERENCE ROOM
APRIL 17, 1979 1:00 P.M.
Item No. 1 MEETING TO ORDER - M&,InI1) R06�"t ✓G ° .
ROLL CALL &o_,4vssr, Ae.1M
Item No. 2 OPEN THE MEETING FOR THE PURPOSE OF RECEIPTS
OF BIDS FOR THE SALE OF $5,500,000 GENERAL
OBLIGATION BONDS.
a. Receive sealed bids which are not yet opened. — 6
b. C)I for o% bids from those present.
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c. Open and review the sealed bids received.. Pa v� S�oev,
d. Tabulation of bids.
Item No. 3 CONSIDER RESOLUTION DIRECTING SALE OF $5,500,000
GENERAL OBLIGATION BONDS.
79-IS'.Y Action: Q n
Item No. 4 MOTION TO RETURN CHECKS OF UNSUCCESSFUL BIDDERS.
Action:
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j Item No. 5 ADJOURNMENT.
MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS -DES IIOUIES
AGENDA
ADJOURNED COUNCIL MEETING
CONFERENCE ROOM
APRIL 17, 1979 1:00 P.M.
Item No. 1 MEETING TO ORDER
ROLL CALL
Item No. 2 OPEN THE MEETING FOR THE PURPOSE OF RECEIPTS
OF BIDS FOR THE SALE OF $5,500,000 GENERAL
OBLIGATION BONDS.
a. Receive sealed bids which are not yet opened.
b. Call for oral bids from those present.
c. Open and review the sealed bids received.
d. Tabulation of bids.
Item No. 3 CONSIDER RESOLUTION DIRECTING SALE OF $5,500,000
GENERAL OBLIGATION BONDS.
Action:
Item No. 4 MOTION TO RETURN CHECKS OF UNSUCCESSFUL BIDDERS.
Action:
Item No. 5 ADJOURNMENT.
FICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS•DES MOINES
B
The Mayor announced that this being the time and place for
the opening of bids for the sale of $5,500,000 General
Obligation Bonds, the meeting was thrown open for the receipt
of bids for said bonds. The following sealed bids were
received and not opened:
Name & Address of Bidders:
Continental Illinois National Bank and Trust Company
of Chicago f, Bache Halsey Stuart Shields, inc. &,
Associates Chicago
First National Bank of Chicago &, Dean Witter Reynolds,
Inc. and Associates Chicago
Harris Trust $ Savings Bank and NXX Iowa lies -Moines
National Bank and Associates Chicago
Morgan Guaranty Trust Company of New York and
Salomon Brothers New York
The Northern Trust Company and Merrill Lynch White
Weld Capital Markets Group and Associates Chicago
United California Bank and Carleton D. Beh Co.
and Associates Los Angeles
Open bids were then called for and the best open bid
received was as follows: NONE
Name & Address of Bidder:
Net Interest Rate:
Net Interest Cost:
Whereupon, the sealed bids were opened and the best sealed
bid was as follows:
Name & Address of Bidder: United California Bank $
CarletonCu.
Net Interest Rate: 5.319828 %
Net Interest Cost: $2,365,106.67
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AHLERS. GOONEY. DORW EILER. HAYNIE h SM I TH. LAWYER B. DES MOINES. IOW A
MICROFILMED BY
JORM MICROLAB
CEDAR RAPIDS•DES 140INES
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