| Issuer |
City of Highland Park |
| State |
Illinois |
|
Amount |
$5,000,000 |
| Type
Issue/Series |
General Obligation Bonds,
Series 2011A |
|
Rating |
Moody's: Aaa |
| Bank
Qualified |
Yes |
|
Good Faith |
$100,000 (2% of par) wire, surety or check due prior to bid. See NOS for more details. |
|
|
Sale Date |
11/28/11 |
|
Dated Date |
12/13/11 |
| Settlement
Date1 |
12/13/11
|
|
Sale Time |
10:45 AM - 11:08 AM Eastern Time |
|
|
Interest Due |
6/30, 12/30 |
| Principal Due |
12/30/12 - 12/30/26 |
| First Interest
Date |
6/30/12 |
| Call Dates |
12/30/19 @ Par |
| Term Bonds |
Allowed - Starting 2012 - Max 5 |
|
Min. Bid Price
|
99.350% |
| Bid Details |
Max. Spread: 2.000%
Non-descending Coupons Required - Starting 2012
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
No |
| Other Details |
At the request of the City, Highland Park residents will be given priority in the purchase of the Series 2011A Bonds. The Citys financial advisor will provide the successful bidder with a list and contact information of such potential bond purchasers within 15 minutes of the conclusion of the bidding. This priority will be in effect for a period of 30 minutes from the receipt of the list by the successful bidder.
The City will pay for the legal opinion.
The underwriter agrees to apply for CUSIP numbers within 24 hours and pay the fee charged by the CUSIP Service Bureau and will accept the Series 2011A Bonds with the CUSIP numbers as entered on the Series 2011A 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: Barbara Chevalier
Telephone: 312-780-2282
Email: bchevalier@speerfinancial.com |
|
|