| Issuer |
Village of Palatine |
| State |
Illinois |
|
Amount1 |
$18,800,000 |
| Type
Issue/Series |
Taxable General Obligation Bonds, Series 2010C
(Build America Bonds - Direct Pay) |
|
Rating |
Moody's: Aa1, S&P: AA+ |
| Bank
Qualified |
No |
|
Good Faith |
$376,000 (2% of par) wire transfer, check or surety prior to bidding; see Notice Of Sale for detailed instructions. |
|
|
Sale Date |
8/09/10 |
|
Dated Date |
9/02/10 |
| Settlement
Date2 |
9/02/10
|
|
Sale Time |
11:15 AM - 11:45 AM Eastern Time |
|
|
Interest Due |
6/1, 12/1 |
| Principal Due |
12/01/24 - 12/01/34 |
| First Interest
Date |
6/01/11 |
| Call Dates |
12/01/20 @ Par |
| Term Bonds |
Allowed - Starting 2024 - Max 5 |
|
Min. Bid Price
|
99.200% |
| Bid Details |
Max. Spread: 6.000%
Non-descending Coupons Required - Starting 2024
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 $286,000 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 2010C Bonds with the CUSIP numbers as entered on the Bonds.
The premium or discount, if any, is subject to pro rata adjustment if the maturity amounts of the 2010C Bonds are changed, allowing the same dollar amount of profit per $1,000 bond as submitted on the Official Bid Form. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Katten Muchin Rosenman LLP
525 West Monroe Street
Chicago, IL 60661-3693
Telephone: 312-902-5200
Facsimile: 312-902-1061
www.kattenlaw.com |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Dan Forbes
Telephone: 312-780-2281
E-mail: dforbes@speerfinancial.com
www.speerfinancial.com |
|
|