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Purpose: <br />Rating: <br />Number of Bids: <br />Low Bidder: <br />Low Bid <br />High Bid <br />Interest Difference <br />COMPETITIVE SALE RESULTS <br />For the purpose of effecting a current refunding of the City's <br />outstanding General Obligation CIP Bonds, Series 2012A <br />S&P Global Ratings "AA+" <br />4 <br />Piper Sandler & Co., Minneapolis, Minnesota <br />Comparison from Lowest to Highest Bid: <br />(TIC as bid) <br />Principal Amount*: <br />Underwriter's Discount: <br />Reoffering Premium: <br />True Interest Cost: <br />Costs of Issuance: <br />Yield: <br />Total Net P&I <br />Notes: <br />Closing Date: <br />City Council Action: <br />Attachments: <br />1.1432% <br />1.3486% <br />$126,142 <br />Summary of Sale Results: <br />$10,700,000 <br />$63,351 <br />$809,201 <br />1.1583% <br />$78,373 <br />0.19%-1.35% <br />$11,297,498 <br />The Bonds maturing December 15, 2029 and thereafter are callable <br />December 15, 2028 or any date thereafter. <br />* Subsequent to bid opening, the issue size was decreased to <br />$9,845,000.00 due to receipt of a premium bid. <br />October 19, 2021 <br />Adopt a resolution awarding the sale of $9,845,000 General <br />Obligation Capital Improvement Plan Refunding Bonds Series <br />2021 A. <br />Bid Tabulation <br />Sources and Uses of Funds & Updated Debt Service Schedules <br />Rating Report (Distributed to City via S & P) <br />Bond Resolution (Distributed in City Council Packets) <br />Sale Day Report for City of Ramsey, Minnesota <br />