HomeMy WebLinkAboutBond Affidavits AFFIDAVIT OF PUBLICATION NorlcE OF SALE OF 000 2026 00
STATE OF MONTANA, LIMITED TAX�GENERAL 140,000
COUNTY OF CUSTER OBLIGATION BONDS, 2027
SERIES 2024B 140,000
CITY OF BOZEMAN, 2028
I, Margo Kelsey, Legal Specialist being first duly sworn, MONTANA 2029 00
depose and say that I am the principal clerk of the publisher thet10City Commission (theven 150,000
030 00
55,000
of the Bozeman Dail Chronicle a newspaper in general cir- "Commission, of an city 1031
Yg of Bozeman, Montana (the 2031
culation, Bozeman, Gallatin County, Montana; that I know "City"),will receive bids for the 1 ,000
purchase of Limited Tax Gen- 2032032
from my personal knowledge that the Legal# NOTICE OF 20 4B, innthe aggregtion ate prin 165,000
033 00
SALE OF $3,930,000 LIMITED cipal amount of B Bonds"),
2034 0
(the "Series 2024E Bonds"), 2034
subject to adjustment as de- 175,000
a printed copy of which is hereto annexed,was published in scribed below. The proceeds
of the Series 2024B Bonds Year
the entire issue of said newspaper for: 2 will be used by the City to (i) Principal
finance or reimburse the City Amount(l)
for a portion of the costs of im- 2035
provements to the Bozeman $180,000
Swim Center,Bogert Pool and 2036
Insertions) in the following issues: 04/06/24, 04/13/24 Lindley Center;and(ii)pay the 185,000
costs associated with the sale 2037
of the Series 2024E Bonds. 190,000
2038
The Series 2024E Bonds, in- 200,000
eluding interest thereon, are 2039
general obligations of the City 210,000
payable from legally available 2040
Total Cost: $180.00 funds of the City. The general 340,000
credit of the City is irrevoca- 2041
bly pledged for the prompt 355,000
payment of the principal and 2042
interest on the Series 2024B 370,000
Bonds as they become due, 2043
however, the Series 2024B 385,000
Bonds are not secured by
a pledge of the City's taxing (1) Preliminary; subject to
power and the City cannot change.
be obligated to levy taxes
for the payment of principal The City reserves the right,af-
of and interest on the Series ter bids are opened and prior
2024B Bonds, to award, to increase or de-
crease the amount of any ma-
Subscribed and sworn by ® @ The Series 2024E Bonds turity or maturities in multiples
shall be dated, as original- of$5,000 in order to produce
before me on: On 15th day of April,in the year of 2024 ly issued, as of their date of sufficient net proceeds and
delivery, expected to be May to meet the City's structuring
16,2024,and shall bear inter- goals.
est payable semiannually on
January 1 and July 1 of each The Series 2024B Bonds with
year, commencing January 1, stated maturities on or after
2025,to the registered owners July 1,2034 will be subject to
of the Series 2024B Bonds as redemption on July 1, 2033,
such appear in the bond reg- and any date thereafter,at the
ister as of the close of busi- option of the City, in whole or
ness on the 15th day(whether in part, at a redemption price
or not a business day) of the equal to the principal amount
Notary Public for the State of Montana Residing at; immediately preceding month, thereof to be redeemed plus
Miles City, Montana. at a rate or rates designated interest accrued to the re-
Miles the successful bidder at demption date, without pre-
public sale and approved by mium. If less than all of the
the Commission. Interest will Series 2024B Bonds are to be
be calculated on the basis of redeemed, the Series 2024E
a 360-day year consisting of Bonds to be redeemed shall
twelve 30-day months. be from such stated maturities
and in such principal amounts
Bids shall be for not less than as the City may designate in
DANIEL HANCE $3,930,000.00, plus accrued writing to the Registrar (or, if
N®TARYPUBLICforfhe
�u -.• interest, if any, on the total no designation is made,in in-
�� StateRof Montana principal amount of the Series verse order of maturities and
y REs'din of of o 2024B Bonds. The Series within a maturity in $5,000
ty Montana 2024B Bonds shall mature, principal amounts selected
It1y Commission Expires subject to redemption as here- by the Registrar by lot or oth-
August 24,2027 inafter provided, on July 1 in er manner as directed by the
each of the following years City).
and amounts (unless com-
bined into one or more term The Series 2024B Bonds
bonds), subject to adjustment shall be in the denomination
as described below: of $5,000 each or any inte-
gral multiple thereof of single
Year maturities. The Series 2024E
Principal Bonds will be issued as fully
AD#499833 Amount 1 registered bonds only. The
2025 Series 2024E Bonds will be
issued in book-entry only form.
Bids will be received by Baker
Tilly Municipal Advisors, LLC,
the City's municipal advisor
or by electronic transmission
through PARITY® pursuant
to the instructions set forth
herein until 10:30 a.m., M.T.,
on Tuesday,April 16,2024, at
which time bids will be opened
and tabulated. The tabulation
of bids will be presented to a
designated Pricing Committee
subsequent to the opening of
bids, at which time the Pric-
ing Committee will consider
the bids received and, if a
responsive and acceptable
bid is received, award sale
of the Series 2024B Bonds
to the bidder with the lowest
true interest cost, subject to
approval and confirmation by
the Commission. To have its
bid considered for award, the
successful bidder is required
to submit a good faith deposit
via wire transfer to the City in
the amount of$78,600.00 no
later than 1:00 p.m. M.T. on
Tuesday,April 16,2024.
Prospective bidders should
consult the Terms and Con-
ditions of Sale and the Pre-
liminary Official Statement for
a detailed description of the
Series 2024E Bonds, the se-
curity therefor,and the form of
legal opinion proposed to be
rendered by Dorsey&Whitney
LLP,of Missoula, Montana,as
bond counsel. For an elec-
tronic copy of the Preliminary
Official Statement or for any
additional information prior to
sale, prospective purchasers
are referred to the Municipal
Advisor to the City, Baker Til-
ly Municipal Advisors, LLC, by
telephone (651) 223 3000, or
by email:bids@bakertilly.com.
Dated:May 19,2024.
BY ORDER OF THE CITY
COMMISSION
MNAXLP
=g AFFIDAVIT OF PUBLICATION NOTICE OF SALE OF 100,000
STATE OF MONTANA, GENERAL OBLIGATION 2032 00
2033
COUNTY OF CUSTER BC TDY O,SERIESF BOZEMAN,A 105,000
MONTANA 2034
I,Margo Kelsey, Legal Specialist being first duly sworn, Notice is hereby given that the 110,000
depose and say that I am the principal clerk of the publisher City Commission (the Boz- Year
P y P P p mission') of the City of Boz- Principal
eman, Montana (the "City"), Amount(l)
of the Bozeman Daily Chronicle a newspaper in general cir- will receive bids for the pur- 2035
culation, Bozeman, Gallatin County, Montana; that I know Bonds, Se of ries 2024A,eneral
in the ion toss°oo
from my personal knowledge that the Legal# NOTICE OF of g$2 280,000 principal
the "Series 203700
SALE OF $2,280,000 GENERAL of the Series).
e ies2024A Bonds")2024A Bonds The proceeds 2038 00
will be used by the City to (1) 125,000
a printed copy of which is hereto annexed,was published in finance or reimburse the City 2039
for a portion of the costs of im- 130,000
the entire issue of said newspaper for: 2 provements to the Bozeman 2040
Swim Center,Bogert Pool and 135,000
Lindley Center;and(ii)pay the 2041
costs associated with the sale 140,000
of the Series 2024A Bonds. 2042
Insertion(s) in the following issues: 04/06/24, 04/13/24 145,000
The Series 2024A Bonds, in- 2043
cluding interest thereon, are 150,000
general obligations of the City 2044
payable from the proceeds of 160,000
an ad valorem tax that the City
will covenant to levy annually
on all taxable property within
Total Cost: $180.00 the City, without limitation as (1) Preliminary; subject to
to rate or amount. change.
The Series 2024A Bonds The City reserves the right,
shall be dated, as original- after bids are opened and
ly issued, as of their date of prior to award, to increase
delivery, expected to be May or decrease the amount of
16,2024,and shall bear inter- any maturity or maturities
est payable semiannually on in multiples of$5,000 in or-
January 1 and July 1 of each der to produce sufficient net
year, commencing January 1, proceeds and to meet the
2025,to the registered owners City's structuring goals.
of the Series 2024A Bonds as
such appear in the bond reg- The Series 2024A Bonds with
ister as of the close of busi- stated maturities on or after
Subscribed and sworn by �' ness on the 15th day(whether July 1,2034 will be subject to
or not a business day) of the redemption on July 1, 2033,
before me on: On 15th day of A ril,in the ye of 2024 immediately preceding month, and any date thereafter,at the
at a rate or rates designated option of the City, in whole or
by the successful bidder at in part, at a redemption price
public sale and approved by equal to the principal amount
the Commission. Interest will thereof to be redeemed plus
be calculated on the basis of interest accrued to the re-
a 360-day year consisting of demption date, without pre-
twelve 30-day months. mium. If less than all of the
Series 2024A Bonds are to be
Bids shall be for not less than redeemed, the Series 2024A
$2,280,000.00, plus accrued Bonds to be redeemed shall
interest, if any, on the total be from such stated maturities
Notary Public for the State of Montana Residing at; principal amount of the Series and in such principal amounts
2024A Bonds. The Series as the City may designate in
Miles City,Montana. 2024A Bonds shall mature, writing to the Registrar (or, if
subject to redemption as here- no designation is made, in in-
inafter provided, on July 1 in verse order of maturities and
each of the following years within a maturity in $5,000
and amounts (unless com- principal amounts selected
--- bined into one or more term by the Registrar by lot or oth-
DANIEL HANCE bonds), subject to adjustment er manner as directed by the
NOTARY PUBLIC for the as described below: City).
A State of Montana Year The Series 2024A Bonds
SEAL Rending at Miles City,Montana Principal shall be in the denomination
My Commission Expires Amount 1 of $5,000 each or any inte-
n> August 24.2027 2025 gral multiple thereof of single
$75,000 maturities. The Series 2024A
2026 Bonds will be issued as fully
85,000 registered bonds only. The
2027 Series 2024A Bonds will be
90,000 issued in book-entry only form.
2028
90,000 The City reserves the right to
2029 reject any and all bids and to
95,000 sell the Series 2024 Bonds at
2030 a private or other sale.
95,000
AD#499799
2031 Bids will be received by Baker
19
Tilly Municipal Advisors, LLC,
the City's municipal advisor
or by electronic transmission
through PARITY® pursuant
to the instructions set forth
herein until 10:00 a.m., M.T.,
on Tuesday,April 16,2024, at
which time bids will be opened
and tabulated. The tabulation
of bids will be presented to a
designated Pricing Committee
subsequent to the opening of
bids, at which time the Pric-
ing Committee will consider
the bids received and, if a
responsive and acceptable
bid is received, award sale
of the Series 2024A Bonds
to the bidder with the lowest
true interest cost, subject to
approval and confirmation by
the Commission. To have its
bid considered for award, the
successful bidder is required
to submit a good faith deposit
via wire transfer to the City in
the amount of $45,600.00 no
later than 1:00 p.m. M.T. on
Tuesday,April 16,2024.
Prospective bidders should
consult the Terms and Con-
ditions of Sale and the Pre-
liminary Official Statement for
a detailed description of the
Series 2024A Bonds, the se-
curity therefor,and the form of
legal opinion proposed to be
rendered by Dorsey&Whitney
LLP,of Missoula, Montana,as
bond counsel. For an elec-
tronic copy of the Preliminary
Official Statement or for any
additional information prior to
sale, prospective purchasers
are referred to the Municipal
Advisor to the City, Baker Til-
ly Municipal Advisors, LLC,by
telephone (651) 223 3000, or
by email:bids@ bakertilly.com.
Dated:May 19,2024.
BY ORDER OF THE CITY
COMMISSION
MNAXLP