| Issuer |
Community College District No. 509 ( Elgin) |
| State |
Illinois |
|
Amount |
$35,000,000 |
| Type
Issue/Series |
Taxable General Obligation Bonds, Series 2010C
(Build America Bonds - Direct Pay) |
|
Rating |
Moody's: Aaa |
| Bank
Qualified |
No |
|
Good Faith |
$700,000 (2% of par) wire transfer, check or surety prior to bidding; see Notice Of Sale for detailed instructions. |
|
|
Sale Date |
8/10/10 |
|
Dated Date |
9/01/10 |
| Settlement
Date1 |
9/01/10
|
|
Sale Time |
11:15 AM - 11:30 AM Eastern Time |
|
|
Interest Due |
6/15, 12/15 |
| Principal Due |
12/15/28 - 12/15/34 |
| First Interest
Date |
6/15/11 |
| Call Dates |
12/15/20 @ Par |
| Term Bonds |
Allowed - Starting 2028 - Max 3 |
|
Min. Bid Price
|
99.429% |
| Bid Details |
Max. Spread: 5.000%
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
Total bidder compensation will not exceed $575,000 including bond insurance.
Underwriter agrees to apply for CUSIP Numbers within 24 hours, pay the fee charged by the CUSIP Service Bureau, and will accept the Bonds with the CUSIP numbers as entered on the Bonds. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Chapman and Cutler LLP
Chicago, IL |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Raphaliata McKenzie
Telephone: 312-780-2285
E-mail: rmckenzie@speerfinancial.com
www.speerfinancial.com |
|
|