| Issuer |
St. Charles Park District |
| State |
Illinois |
|
Amount1 |
$3,870,000 |
| Type
Issue/Series |
General Obligation Limited Park Bonds,
Series 2011A |
|
Rating |
Standard & Poor's: AA |
| Bank
Qualified |
Yes |
|
Good Faith |
$77,400 (2% of par) wire transfer, surety bond, or check is required prior to bid. |
|
|
Sale Date |
11/22/11 |
|
Dated Date |
12/13/11 |
| Settlement
Date2 |
12/13/11
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
6/15, 12/15 |
| Principal Due |
12/15/12 - 12/15/14 |
| First Interest
Date |
6/15/12 |
| Call Dates |
Non-Callable |
| Term Bonds |
No |
|
Min. Bid Price
|
99.225% |
| Bid Details |
Max. Spread: 2.000%
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
The District 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.
The premium or discount, if any, is subject to pro rata adjustment if the maturity amounts of the Series 2011A 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 |
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
Email: rmckenzie@speerfinancial.com |
|
|