| Issuer |
Union Community School District |
| State |
Iowa |
|
Amount |
$9,900,000 |
| Type
Issue/Series |
School Infrastructure Sales,
Services and Use Tax Revenue, and
Refunding Bonds, Series 2010 |
|
Rating |
Standard & Poor's: A/Stable |
| Bank
Qualified |
Yes |
|
Good Faith |
$198,000 (2% of par) wire transfer, surety bond, or check made payable to Treasurer of the District is required prior to bid. |
|
|
Sale Date |
9/02/10 |
|
Dated Date |
10/01/10 |
| Settlement
Date1 |
10/06/10
|
|
Sale Time |
11:30 AM - 12:00 PM Eastern Time |
|
|
Interest Due |
12/1, 6/1 |
| Principal Due |
6/01/11 - 6/01/29 |
| First Interest
Date |
12/01/10 |
| Call Dates |
6/01/20 @ Par |
| Term Bonds |
No |
|
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 |
The Purchaser agrees to apply for CUSIP numbers within 24 hours and 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 |
Closed |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
No |
| Bond Counsel |
Ahlers & Cooney, P.C.
Des Moines, IA |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
Waterloo, IA 50701
ATTN: Charlotte Nielsen
Telephone: 319-291-2077
E-mail: cnielsen@speerfinancial.com |
|
|