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05/10/2010 Council Packet
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05/10/2010 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
05/10/2010
Council Meeting Type
Regular
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Bidder <br />Interest <br />Rates <br />Price <br />Net Interest <br />Cost <br />True Interest <br />Rate <br />ROBERT W. BAIRD & COMPANY, <br />INCORPORATED <br />C.L. KING & ASSOCIATES <br />LOOP CAPITAL MARKETS, LLC <br />KILDARE CAPITAL <br />WEDBUSH MORGAN SECURITIES <br />UBS FINANCIAL SERVICES INC. <br />NORTHLAND SECURITIES <br />3.00% 2011 -2017 <br />4.00% 2018 -2020 <br />3.00% 2011 <br />2.00% 2012 -2015 <br />3.00% 2016 -2019 <br />3.125% 2020 <br />2.00% 2011 -2015 <br />2.25% 2016 <br />2.65% 2017 <br />2.90% 2018 <br />3.10% 2019 <br />3.25% 2020 <br />$1,051,648.70 $152,117.97 <br />$1,015,268.40 $149,344.10 <br />$1,008,759.70 $150,046.97 <br />2.7569% <br />2.7780% <br />2.8003% <br />REOFFERING SCHEDULE OF THE PURCHASER <br />Rate <br />2.00% <br />2.00% <br />2.00% <br />2.00% <br />3.00% <br />3.00% <br />3.00% <br />3.00% <br />3.00% <br />3.00% <br />Year <br />2011 <br />2012 <br />2013 <br />2014 <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />Yield <br />0.55% <br />0.85% <br />1.16% <br />1.51% <br />1.86% <br />2.27% <br />2.57% <br />2.77% <br />2.95% <br />3.11% <br />BBI: 4.29% <br />Average Maturity: 5.273 Years <br />* Subsequent to bid opening, the issue size decreased from $1,015,000 to $1,000,000. <br />
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