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2000-03-27 Regular Meeting and Public Hearing of La Porte City Council
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2000-03-27 Regular Meeting and Public Hearing of La Porte City Council
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
3/27/2000
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• TABULATION OF BIDS CONT... • <br />Received <br />March 27, 2000 <br />on <br />CITYOF LA PORTE <br />(Harris County, Texas) <br />$3,250,000 General Obligation Bonds, Series 2000 <br />Ratings: (Insured by M.B.I.A.) <br />Moody's - "Aa3" Insured - "Aaa" <br />S&P's "A+" Insured - "AAA" Bond Buver Index: 5.76% <br />Bidder Maturities <br />Rate <br />A.G. Edwards & Sons, Inc. 2001-2006 <br />7.00% <br />2007 <br />5.75% <br />2008 <br />5.10% <br />2009-2011 <br />5.15% <br />2012 <br />5.20% <br />2013 <br />5.25% <br />2014 <br />5.35% <br />2015 <br />5.40% <br />2016 <br />5.45% <br />2017 <br />5.50% <br />2018-2019 <br />5.55% <br />2020 <br />5.50% <br />Effective <br />Interest Cost Interest Rate <br />GIC:$1,957,537.50 5.5336% <br />Prem: 0.00 <br />N- IC:$1,957,537.50 <br />------------------------------------------------------------------------------------------------------------------ <br />First Tennessee Capital Markets 2001-2010 <br />6.00% <br />GIC: $1,968,237.50 5.5639% <br />2011 <br />5.25% <br />Prem: 0.00 <br />2012-2013 <br />5.30% <br />MC: $1,968,237.50 <br />2014-2015 <br />5.40% <br />2016-2020 <br />5.50% <br />------------------------------------------------------------------------------------------------------------------ <br />Griffin, Kubik, Stephens & Thompson, Inc. 2001 <br />5.50% <br />GIC: $1,990,468.75 5.6267% <br />2002-2009 <br />6.20% <br />Prem: 0.00 <br />2010 <br />5.50% <br />NIC: $1,990,468.75 <br />2011-2012 <br />5.20% <br />2013-2014 <br />5.40% <br />2015-2016 <br />5.50% <br />2017 <br />5.60% <br />2018-2020 <br />5.625% <br />PAGE 2 OF 2 <br />
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