| Issuer |
City of McHenry |
| State |
Illinois |
|
Amount1 |
$5,665,000 |
| Type
Issue/Series |
Taxable General Obligation Bonds, Series 2010C |
|
Rating |
Moody's: Aa2 |
| Bank
Qualified |
No |
|
Good Faith |
$113,300 (2% of par) wire transfer, surety bond, or certified/cashier's check made payable to Treasurer of the City is required prior to bid. |
|
|
Sale Date |
8/30/10 |
|
Dated Date |
9/15/10 |
| Settlement
Date2 |
9/15/10
|
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
|
Interest Due |
6/15, 12/15 |
| Principal Due |
12/15/11 - 12/15/29 |
| First Interest
Date |
6/15/11 |
| Call Dates |
12/15/20 @ Par |
| Term Bonds |
Allowed - Starting 2011 - Max 5 |
|
Min. Bid Price
|
99.200% |
| Bid Details |
Max. Spread: 6.000%
Non-descending Coupons Required - Starting 2011
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
Winning bidder's total compensation for the Series 2010C Bonds shall not exceed $62,315, including the cost of bond insurance purchased by the winning bidder.
Discount, if any, is subject to pro rata adjustment if the maturity amounts of the Series 2010C Bonds are changed, allowing the same dollar amount per $1,000 bond as submitted on the Official Bid Form.
Underwriter agrees to apply for CUSIP numbers within 24 hours, pay the fee charged by CUSIP Service Bureau, and will accept the Bonds with the CUSIP numbers entered on the Bonds. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Closed |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
No |
| Bond Counsel |
Chapman and Cutler LLP
111 W Monroe Street
Chicago, IL 60603-4080
Telephone: 312-845-3000
www.chapman.com |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Robert Rubin
Telephone: 312-529-5890
E-mail: rrubin@speerfinancial.com
www.speerfinancial.com |
|
|