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CC_Minutes_2009_0720
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7/30/2009 11:01:36 AM
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7/30/2009 11:01:34 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
7/20/2009
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<br /> Interest Net Interest True Interest <br />Bidder Rates Price Cost Rate <br /> <br />RIPER JAFFRAY & CO. 2.50% 2010-2013 $1,123,890.25 $58,370.17 1.9987% <br /> 3.00% 2014 <br />M&I BANK 2.50% 2010-2013 $1,120,488.00 $61,772.42 2.1200% <br /> 3.00% 2014 <br />RBC CAPITAL MARKETS CORPORATION 3.00% 2010-2014 $1,125,176.55 $66,210.95 2.2675% <br />REOFFERING SCHEDULE OF THE PURCHASER <br />Rate Year Yield <br />2.00% 2010 0.60% <br />2.00% 2011 1.00% <br />2.00% 2012 1.15% <br />2.50% 2013 1.55% <br />3.00% 2014 2.00% <br />BBI: 4.68% <br />Average Maturity: 2.553 Years <br />' Subsequent to bid opening, the issue size decreased from $1,105,000 to $1,070,000. <br />
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