| Issuer |
City of Waukegan |
| State |
Illinois |
|
Amount1 |
$1,825,000 |
| Type
Issue/Series |
First Lien Water and Sewer System Revenue Bonds, Series 2010D |
|
Rating |
Moody's: A2 (affirmed);
Insured (AGM) rating:Aa3 (Negative Outlook) |
| Bank
Qualified |
Yes |
|
Good Faith |
$36,500 (2% of par) wire transfer, surety bond, or certified/cashier's check made payable to f the City is required prior to bid. |
|
|
Sale Date |
8/23/10 |
|
Dated Date |
9/07/10 |
| Settlement
Date2 |
9/07/10
|
|
Sale Time |
11:00 AM - 11:15 AM Eastern Time |
|
|
Interest Due |
12/30, 6/30 |
| Principal Due |
12/30/11 - 12/30/30 |
| First Interest
Date |
12/30/10 |
| Call Dates |
12/30/20 @ Par |
| Term Bonds |
Allowed - Starting 2011 - Max 5 |
|
Min. Bid Price
|
99.000% |
| Bid Details |
Max. Spread: 2.000%
Non-descending Coupons Required - Starting 2011
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
|
| Insurance |
Yes (AGM) / Issuer Pays / Not Factored into TIC |
| Other Details |
Discount, if any, is subject to pro rata adjustment if the maturity amounts of the Bonds are changed, allowing the same dollar amount of profit 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 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 |
Miller, Canfield, Paddock, and Stone, P.L.C.,
Chicago, IL |
| Web
Site |
www.SpeerAuction.com |
| Contact |
Speer Financial, Inc.
One North LaSalle Street, Suite 4100
Chicago, IL 60602
ATTN: Barbara L. Chevalier, CIPFA
Telephone: 312-780-2282
E-mail: bchevalier@speerfinancial.com |
|
|