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2002-07-22 Regular Meeting and Workshop Meeting
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2002-07-22 Regular Meeting and Workshop Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
7/22/2002
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<br />e <br /> <br />Ratings: FGIC Insured <br />Moody's - "Aaa" S&P's - "AAA" <br /> <br />Bidder <br /> <br />William R. Hough & Co., Manager <br />SunTrust Capital Markets* <br />Stephens, Inc. * <br />Nike Securities* <br />Member: Raymond James & Associates, Inc. <br /> <br />TABULATION OF BIDS <br />Received <br />July 22, 2002 <br />On <br />$5,400,000 <br />CITY OF LA PORTE, TEXAS <br />Limited Tax Bonds, Series 2002 <br /> <br />Maturities Rate <br />2006-20 II 4.25% <br />20 l2-20 13 4.00% <br />2014 4.10% <br />2015 4.20% <br />2016 4.30% <br />2017 4.40% <br />2018 4.50% <br />2019 4.60% <br />2020 4.70% <br />202l 4.80% <br />2022 4.85% <br />2023 4.90% <br />2024-2025 5.00% <br />2006-2008 5.00% <br />2009 4.375% <br />2010 3.65% <br />20ll 3.75% <br />2012 385% <br />2013 4.00% <br />2014 4.10% <br />2015 4.20% <br />2016 4.30% <br />2017 4.40% <br />2018 4.50% <br />2019 4.60% <br />2020 4.70% <br />2021 4.80% <br />2022 4.85% <br />2023 4.90% <br />2024 4.95% <br />2025 5.00% <br />2006-20l0 4.00% <br />20ll 4.25% <br />2012 4.375% <br />2013 4.50% <br />2014 4.l5% <br />2015 4.25% <br />2016 4.35% <br />2017 4.45% <br />2018 4.55% <br />2019 4.625% <br />2020 4.70% <br />2021 4.75% <br />2022 4.80% <br /> <br />Prudential Securities Incorporated, Manager <br />Dean Witter <br />SouthTrust Securities, Inc. * <br />A.G. Edwards & Sons, Inc. * <br />Banc One Capital Markets, Inc. * <br />The Bankers Bank* <br />Edward Jones* <br />NBC Capital Markets Group, Inc. * <br />Wells Fargo* <br />CIBC World Markets* <br />Member: Kirlin Securities <br /> <br />Morgan Keegan & Co., Inc., Manager <br />SAMCO Capital Markets* <br />First Union National Bank* <br />Stifel, Nicolaus & Company, Inc. * <br /> <br />e <br /> <br />Bond Buyer Index: 5.00% <br />Effective <br />Interest Cost Interest Rate <br /> <br />GlC: $3,242,790.00 4.5596% <br />Prem: 858.60 <br />NIC: $3,241,931.40 <br /> <br />GlC: $3,242,430.00 4.5603% <br />Prem: 0.00 <br />NIC: $3,242,430.00 <br /> <br />GlC: $3,244,387.50 4.563133% <br />Prem: 0.00 <br />NIC: $3,244,387.50 <br />
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