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ERMU RES 16-8
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ERMU RES 16-8
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3/31/2017 12:07:35 PM
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3/31/2017 12:07:33 PM
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City Government
type
ERMUR
date
6/14/2016
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EXHIBIT A <br /> BIDS <br /> Springsted Incorporated <br /> Springsted 380 Jackson Street,Suite 300 <br /> Saint Paul,MN 55101-2887 <br /> Tel:651-223.3000 <br /> Per 651-223-3002 <br /> Email:advisors§sprmgstedsom <br /> mwr.springsted.com <br /> $1 0,000,0000) <br /> CITY OF ELK RIVER,MINNESOTA <br /> ELECTRIC REVENUE BONDS,SERIES 2016A <br /> (BOOK ENTRY ONLY) <br /> AWARD; WELLS FARGO BANK,NATIONAL ASSOCIATION <br /> SALE: June 14,2016 Moody's Rating: Aa3 <br /> Interest Net Interest True Interest <br /> Bidder Rates Price Cost Rate <br /> WELLS FARGO BANK, 4.00% 2019-2021 $10,382,953.30(4 S2,770,588.12( 2.3168%0) <br /> NATIONAL ASSOCIATION 3.00% 2022-2025 <br /> 2.00% 2026-2028 <br /> 2.25% 2029-2030 <br /> 2.50% 2031-2032 <br /> 2.75% 2033 <br /> 3.00% 2034-2036 <br /> PIPER JAFFRAY&CO. 3.00% 2019-2036 $10,598,916.00 $2,903,200.67 2,3942% <br /> (a) Subsequent to bid opening,the issue size decreased from 810,000,000 to$6,755,000. <br /> (b) Subsequent to be opening,the price,net interest cost,and true interest rate have changed to$10,121,928,65,$2,725,283_09,and <br /> 2.3191%,respectively. <br /> Public Sector Advisors <br /> A-1 <br /> 479938v3 JSB EL185-41 <br />
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