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2021.09.07 RESO 2021-60 Sale of GO Bonds
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2021.09.07 RESO 2021-60 Sale of GO Bonds
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City Council
Document Type
Resolutions
Meeting Date
9/7/2021
Meeting Type
Regular
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EXHIBIT A <br />PROPOSALS <br />0 bakertilly <br />MUNICIPAL ADVISORS <br />$8,380,000- <br />City of Hugo, Minnesota <br />General Obligation Tax Abatement Bands, Series 2021A <br />S&P Rating AA+ <br />Sale Date: September 7, 2021 BBL• 2.14% <br />Average Maturity: 11.637 Years <br />Bidder dder ITC <br />Robert W. Baird & Co., Incorporated 1.5823% <br />FHN Financial Capital Markets 1.5886% <br />Northland Securities, Inc. 1.5937% <br />Piper Sandler & Co. 1.6132% <br />BOK Financial Securities, Inc. 1 6154% <br />Interest <br />Reoffering <br />Reoffering <br />Winning.Mdder lInfor7nadion <br />Matill;n <br />Rate <br />Yield <br />Price <br />ROBERT W. BAIRD & CO., <br />2/01/2023 <br />4.00% <br />0.17% <br />105.034% <br />INCORPORATED <br />2/01/2024 <br />4.OD% <br />0.19% <br />108.802% <br />C.L. King & Associates, Inc. <br />2/01/2025 <br />4.00% <br />0.26% <br />112342% <br />Colliers Securities LLC <br />2/01/2026 <br />4.00% <br />0.40% <br />115390% <br />Mining Sparks MG, LP <br />2/01=27 <br />4.00% <br />0.52% <br />118224% <br />Edward Jones <br />2/01=28 <br />4.00% <br />0.68% <br />120.492% <br />Fidelity Capital Markets <br />2/01/2019 <br />4.00% <br />0.780/a <br />122.855% <br />Crews & Associates, Inc. <br />2/01/2030 <br />4.00% <br />0.90% <br />124.795% <br />Davenport & Company LLC <br />2/01=31 <br />3.00% <br />1.00% <br />117.748% <br />Duncan -Williams, Inc. <br />2/01/2032 <br />1.10% <br />1.10% <br />100.000% <br />Loop Capital Markets, LLC <br />2/OY2033 <br />120% <br />1.20% <br />100.000% <br />Country Club Bank <br />2/01/2034 <br />130% <br />1.30% <br />100.000% <br />Oppenheimer & Co. Inc. <br />2/01/2035 <br />2.00% <br />1.30% <br />106.122% <br />SumRidge Partners, LLC <br />2/01i2036 <br />2.00% <br />1.40% <br />105.222% <br />Sierra Pacific Securities, LLC <br />2/01=37 <br />2.00% <br />1.50% <br />104.331% <br />Isaak Bond Investments <br />2/01=38 <br />2.00% <br />1.60% <br />103.448% <br />UMB Bank, N.A. <br />2/01=39 <br />2.00% <br />1.70% <br />102.573% <br />Wintrust Investments, LLC <br />2/0 2040 <br />2.00% <br />1.80% <br />101.707% <br />FMS Bonds, Inc. <br />2/0V2041 <br />2.00% <br />1.90% <br />100.949% <br />BNY Mellon Capital Markets, LLC <br />2/0M042 <br />2.00% <br />2.00% <br />100.000% <br />Midland Securities Limited <br />Multi-B ank Securities, Inc. <br />First Southern Securities, LLC <br />Purchase Price: $8,945,739.55 * <br />Dinosaur Securities, LLC <br />Net Interest Cost: $1,594,522.03* <br />First Bankers' Banc Securities Inc. <br />TIC: 1.5823%* <br />Mountainside Securities LLC <br />StoneX Financial Inc. <br />Commerce Bank <br />* &bseTw d to bid opening the par mnount dscreasad to $8,17Q OOU and the price, net interest cos4, acid trw interest cost home dh ged to <br />$8,715, 749.S2 $1,573, 097.31, aai 1. S861 Yy respectiwly. <br />Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly US, LLP, an accounting firm. Baker Tilly <br />US, LLP, trading as Baker Tilly, is a member ufthe global network of Baler Tilly International Ltd., the members of which are separate and independent <br />legal entities.02021 Baker Tilly Municipal Advisors, LLC <br />i <br />Page 111 <br />53590415vl <br />
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