| Issuer |
Village of Vernon Hills |
| State |
Illinois |
|
Amount1 |
$8,040,000 |
| Type
Issue/Series |
General Obligation Bonds, Series 2012A |
|
Rating |
Moody's: Aaa |
| Bank
Qualified |
Yes |
|
Good Faith |
$160,800 (2% of par) wire, surety or check due prior to bid. See NOS for more details. |
|
|
Sale Date |
2/07/12 |
|
Dated Date |
2/28/12 |
| Settlement
Date2 |
2/28/12
|
|
Sale Time |
10:45 AM - 11:00 AM Eastern Time |
|
|
Interest Due |
12/30, 6/30 |
| Principal Due |
12/30/16 - 12/30/26 |
| First Interest
Date |
12/30/12 |
| Call Dates |
12/30/19 @ Par |
| Term Bonds |
Allowed - Starting 2016 - Max 5 |
|
Min. Bid Price
|
99.192% |
| Bid Details |
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2016
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 discount, if any, is subject to pro rata adjustment if the maturity amounts of the 2012A Bonds are changed, allowing the same dollar amount of profit per $1,000 bond as submitted on the Official Bid Form. The dollar amount of profit must be written on the Official Bid Form for any adjustment to be allowed, and is subject to verification.
The Village 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 2012A Bonds with the CUSIP numbers as entered on the 2012A 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
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: William Glass
Telephone: 312-780-2283
Email: wglass@speerfinancial.com |
|
|