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HomeMy WebLinkAbout45. Bond & Note OrdersSTATE OF WISCONSIN ) ) SS COUNTY OF WINNEBAGO ) BOND ORDER To: The City Council of the City of Oshkosh, Winnebago County, Wisconsin (the "City" Please be advised that responsive to the authority contained in a resolution duly adopted by the City Council of the City (the "City Council") on October 22, 2013, and being entitled: RESOLUTION determining to issue General Obligation Corporate Purpose Bonds, Series 2013B, of the City of Oshkosh, Winnebago County, Wisconsin, in an aggregate principal amount not to exceed $9,120,000, providing details, prescribing the form of bond, and levying taxes. (the "Bond Resolution "), an award for the purchase of the General Obligation Corporate Purpose Bonds, Series 2013B of the City (the "Bonds") has been made by the undersigned City Manager of the City, as the designated officer under the Bond Resolution, to Robert W. Baird & Co., Incorporated at a purchase price of $9,003,238.23, plus accrued interest, if any, to the date of delivery of the Bonds, and on such other terms described herein which the undersigned City Manager has heretofore deemed and hereby deems to be in the best interests of the City. TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE BONDS OR IN THE BOND RESOLUTION UNLESS OTHERWISE DEFINED IN THIS BOND ORDER. The final terms of the Bonds shall remain the same as set forth in the Bond Resolution, except as provided in this Bond Order, The Bonds shall be issued in the aggregate principal amount of $9,080,000, shall be dated the date of issuance thereof, shall mature on December 1 of the years and in the principal amounts, and shall bear interest at the rates per annum, payable on the first day of June and December of each year, commencing on June 1, 2014, as follows: 3495314 01 02GO bonds order 2013 2205292 The true interest cost with respect to the Bonds is 3.5929767% after an adjustment of the size of the Bond issue (the true interest cost bid being 3.6035 %). The Bonds maturing on December 1, 2031, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on December 1 of the years and in the respective aggregate principal amounts, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds), as follows: PRINCIPAL YEAR AMOUNT 2029 $525,000 2030 545,000 If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. Finally, please be advised that this Bond Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. -2- PRINCIPAL INTEREST PRINCIPAL INTEREST DATE AMOUNT RATE DATE AMOUNT RATE 2014 $355,000 2.00 % 2023 $ 435,000 3.0 % 2015 360,000 2.00 2024 445,000 3.0 2016 365,000 2.00 2025 460,000 3.125 2017 375,000 2.00 2026 470,000 3.25 2018 380,000 2.00 2027 490,000 3.50 2019 385,000 2.00 2028 505,000 4.00 2020 395,000 3.00 2031 1,635,000 4.00 2021 405,000 3.00 2032 590,000 4.00 2022 420,000 3.00 2033 610,000 4,00 The true interest cost with respect to the Bonds is 3.5929767% after an adjustment of the size of the Bond issue (the true interest cost bid being 3.6035 %). The Bonds maturing on December 1, 2031, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on December 1 of the years and in the respective aggregate principal amounts, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds), as follows: PRINCIPAL YEAR AMOUNT 2029 $525,000 2030 545,000 If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. Finally, please be advised that this Bond Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. -2- IN WITNESS WHEREOF, I hereunto affix my signature, this 4th day of December, 2013. City Manager (SEAL) ACKNOWLEDGMENT OF FILING Filed in the office of the City Clerk of the City of Oshkosh, Winnebago County, Wisconsin, this 4th day of December, 2013. City Clerk (SEAL) -3- STATE OF WISCONSIN ) ) SS COUNTY OF WINNEBAGO ) NOTE ORDER To: The City Council of the City of Oshkosh, Winnebago County, Wisconsin (the "City" Please be advised that responsive to the authority contained in a resolution duly adopted by the City Council of the City (the "City Council") on October 22, 2013, and being entitled: RESOLUTION determining to issue General Obligation Promissory Notes, Series 2013C, of the City of Oshkosh, Winnebago County, Wisconsin, in an aggregate principal amount not to exceed $1,710,000, providing details, prescribing the form of note, awarding the notes to the best bidder, and levying taxes. (the "!Vote Resolution "), an award for the purchase of the General Obligation Promissory Notes, Series 2013C of the City (the "!Votes ") has been made by the undersigned City Manager of the City, as the designated officer under the Note Resolution, to Robert W. Baird & Co., Incorporated at a purchase price of $1,717,340.28, plus accrued interest, if any, to the date of delivery of the Notes, and on such other terms described herein which the undersigned City Manager has heretofore deemed and hereby deems to be in the best interests of the City. TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE NOTES OR IN THE NOTE RESOLUTION UNLESS OTHERWISE DEFINED IN THIS NOTE ORDER. The final terms of the Notes shall remain the same as set forth in the Note Resolution, except as provided in this Note Order. The Notes shall be issued in the aggregate principal amount of $1,690,000, shall be dated the date of issuance thereof, shall mature on December 1 of the years and in the principal amounts, and shall bear interest at the rates per annum, payable on the first day of June and December of each year, commencing on June 1, 2014, as follows: 3495392 01 02GO notes order 2013 2205292 The true interest cost with respect to the Notes is 2.3194805% after an adjustment of the size of the Note issue (the true interest cost bid being 2.3163 %). Finally, please be advised that this Note Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. -2- PRINCIPAL INTEREST DATE AMOUNT RATE, 2014 $170,000 2.00% 2015 150,000 2.00 2016 155,000 2.00 2017 160,000 2.00 2018 165,000 2.00 2019 170,000 2.00 2020 175,000 3.00 2021 175,000 3.00 2022 180,000 3.00 2023 190,000 3.00 The true interest cost with respect to the Notes is 2.3194805% after an adjustment of the size of the Note issue (the true interest cost bid being 2.3163 %). Finally, please be advised that this Note Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. -2- IN WITNESS WHEREOF, I hereunto affix my signature, this 4th day of December, 2013. City Manager (,.TEAL) ACKNOWLEDGMENT OF FILING Filed in the office of the City Clerk of the City of Oshkosh, Winnebago County, Wisconsin, this 4th day of December, 2013. City Clerk ( SEAL) -3- STATE OF WISCONSIN ) ) SS COUNTY OF WINNEBAGO ) BOND ORDER To: The City Council of the City of Oshkosh, Winnebago County, Wisconsin (the "City" Please be advised that responsive to the authority contained in a resolution duly adopted by the City Council of the City (the "City Council") on October 22, 2013, and being entitled: A RESOLUTION providing for the issuance and sale of Sewer System Revenue Bonds, Series 2013D, of the City of Oshkosh, Winnebago County, Wisconsin, in an aggregate principal amount not to exceed $4,315,000, providing details, prescribing the form of bond, and providing for the payment of said revenue bonds and other details and covenants with respect thereto. (the "Bond Resolution "), an award for the purchase of the Sewer System Revenue Bonds, Series 2013D of the City (the "Bonds ") has been made by the undersigned City Manager of the City, as the designated officer under the Bond Resolution, to FTN Financial Capital Markets, at a purchase price of $4,226,936.36, plus accrued interest, if any, to the date of delivery of the Bonds, and on such other terms described herein which the undersigned City Manager has heretofore deemed and hereby deems to be in the best interests of the City. TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE BONDS OR IN THE BOND RESOLUTION UNLESS OTHERWISE DEFINED IN THIS BOND ORDER. The final terms of the Bonds shall remain the same as set forth in the Bond Resolution, except as otherwise provided in this Bond Order. The Bonds shall be issued in the aggregate principal amount of $4,175,000, shall be dated the date of issuance thereof, shall mature on May 1 of the years and in the principal amounts, and shall bear interest at the rates per annum, payable on the first day of May and November of each year, commencing on May 1, 2014, as follows: 3501421 01 01 Bsewer bond order2013 2208080 INTEREST YEAR AMOUNT RATE 2014 $195,000 2.00% 2015 180,000 2.00 2016 185,000 3.00 2017 190,000 4.00 2018 195,000 4.00 2019 205,000 3.00 2020 210,000 4.00 2021 220,000 4.00 2022 225,000 3.00 2023 230,000 3.00 2024 180,000 4.00 2025 185,000 4.00 2026 195,000 3.50 2027 200,000 3.50 2028 205,000 4.00 2030 440,000 4.00 2031 235,000 4.00 2033 500,000 4.125 The true interest cost with respect to the Bonds is 3.6498425% after an adjustment of the size of the Bond issue (the true interest cost bid being 3.6529 %). The Bonds maturing on May 1, 2030, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on May 1, 2029 in the aggregate principal amount of $205,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the fmal maturity amount) shall be reduced in the manner provided in the Bond Resolution. -2- The Bonds maturing on May 1, 2033, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on May 1, 2031 in the aggregate principal amount of $235,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. Finally, please be advised that this Bond Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. IN WITNESS WHEREOF, I hereunto affix my signature, this 11th day of December, 2013. City Manager (.TEAL) -3- ACKNOWLEDGMENT OF FILING Filed in the office of the City Clerk of the City of Oshkosh, Winnebago County, Wisconsin, this 11th day of December, 2013. City Clerk (SEAL) -4- STATE OF WISCONSIN ) ) SS COUNTY OF WINNEBAGO BOND ORDER To: The City Council of the City of Oshkosh, Winnebago County, Wisconsin (the "City" Please be advised that responsive to the authority contained in a resolution duly adopted by the City Council of the City (the "City Council") on October 22, 2013, and being entitled: A RESOLUTION providing for the issuance and sale of Water System Revenue Bonds, Series 2013E, of the City of Oshkosh, Winnebago County, Wisconsin, in an aggregate principal amount not to exceed $3,975,000, providing details, prescribing the form of bond, and providing for the payment of said revenue bonds and other details and covenants with respect thereto. (the "Bond Resolution "), an award for the purchase of the Water System Revenue Bonds, Series 2013E of the City (the "Bonds ") has been made by the undersigned City Manager of the City, as the designated officer under the Bond Resolution, to FTN Financial Capital Markets, at a purchase price of $3,887,477.29, plus accrued interest, if any, to the date of delivery of the Bonds, and on such other terms described herein which the undersigned City Manager has heretofore deemed and hereby deems to be in the best interests of the City. TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE BONDS OR IN THE BOND RESOLUTION UNLESS OTHERWISE DEFINED IN THIS BOND ORDER. The final terms of the Bonds shall remain the same as set forth in the Bond Resolution, except as otherwise provided in this Bond Order. The Bonds shall be issued in the aggregate principal amount of $3,785,000, shall be dated the date of issuance thereof, shall mature on January 1 of the years and in the principal amounts, and shall bear interest at the rates per annum, payable on the first day of January and July of each year, commencing on July 1, 2014, as follows: 3501410 01 01 Bwater bond order 2013 2208098 The true interest cost with respect to the Bonds is 3.4665624% after an adjustment of the size of the Bond issue (the true interest cost bid being 3.4028 %). The Bonds maturing on January 1, 2027, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on January 1, 2026 in the aggregate principal amount of $140,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. The Bonds maturing on January 1, 2031, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as -2- INTEREST YEAR AMOUNT RATE 2015 $210,000 2.00% 2016 220,000 3.00 2017 225,000 3.00 2018 235,000 3,00 2019 245,000 4.00 2020 255,000 4.00 2021 265,000 4.00 2022 275,000 4.00 2023 285,000 4,00 2024 135,000 3.00 2025 135,000 3.25 2027 285,000 3.625 2028 155,000 4.00 2029 160,000 4.00 2031 335,000 4.00 2033 365,000 4.125 The true interest cost with respect to the Bonds is 3.4665624% after an adjustment of the size of the Bond issue (the true interest cost bid being 3.4028 %). The Bonds maturing on January 1, 2027, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on January 1, 2026 in the aggregate principal amount of $140,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. The Bonds maturing on January 1, 2031, are subject to mandatory sinking fund redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as -2- provided in the Bond Resolution), on January 1, 2032 in the aggregate principal amount of $165,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution, The Bonds maturing on January 1, 2033, are subject to mandatory sinking fand redemption in part (less than all of the Bonds of such maturity to be selected by the Registrar as provided in the Bond Resolution), on January 1, 2032 in the aggregate principal amount of $180,000, at a redemption price of 100% of the principal amount thereof being redeemed (unless any such principal amount shall have been reduced as provided below and in the Bond Resolution by reason of the earlier redemption of such Bonds). If the Bonds shall have been called for redemption in part from a source other than from a mandatory sinking fund installment, then the amount of the remaining annual sinking. fund installments (including the final maturity amount) shall be reduced in the manner provided in the Bond Resolution. Finally, please be advised that this Bond Order shall be entered into the records of the City and made available to the City Council of the City at the next regularly scheduled public meeting of the City Council of the City. -3- IN WITNESS WHEREOF, I hereunto affix my signature, this 11th day of December, 2013. City Manager (SEAL) ACKNOWLEDGMENT OF FILING Filed in the office of the City Clerk of the City of Oshkosh, Winnebago County, Wisconsin, this 11th day of December, 2013. City Clerk (SEAL) IN