| Issuer |
Community College District No. 506 (Sauk Valley Community College) |
| State |
Illinois |
|
Amount1 |
$6,900,000 |
| Type
Issue/Series |
General Obligation Community College Bonds, Series 2010B |
|
Rating |
Standard & Poor's: AA- |
| Bank
Qualified |
Yes |
|
Good Faith |
Successful Underwriter to submit $138,000 (2 % of par) to the District Treasurer by 3:30 P.M. CDST by the next business day. See Pg 5 of NOS. |
|
|
Sale Date |
8/30/10 |
|
Dated Date |
9/21/10 |
| Settlement
Date2 |
9/21/10
|
|
Sale Time |
12:15 PM - 12:31 PM Eastern Time |
|
|
Interest Due |
8/1, 2/1 |
| Principal Due |
2/01/12 - 2/01/16 |
| First Interest
Date |
8/01/11 |
| Call Dates |
Non-Callable |
| Term Bonds |
Allowed |
|
Min/Max Bid Price
|
99.000% / 103.000% |
| Bid Details |
Max. Coupon: 4.000%
Max. Spread: 3.000%
Non-descending Coupons Required - Starting 2012
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
No |
| Other Details |
The District reserves the right to increase or decrease the principal amount of each maturity of the Bonds on the day of sale in an amount not to exceed $50,000. The aggregate par amount of the Bonds may also increase or decrease in an amount not to exceed $200,000. If any principal amounts are adjusted, the purchase price proposed will be adjusted to maintain the same gross spread per $1,000 bond. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Chapman and Cutler LLP
111 W Monroe Street
Chicago, IL 60603-4080
Telephone: 312-845-3000
www.chapman.com |
| Web
Site |
www.MuniAuction.com |
| Contact |
PMA Securities, Inc.
2135 CityGate Lane, 7th Floor
Naperville, IL 60563
Attention: Jennifer Hejna
Telephone: 630-657-6443
Facsimile: 630-718-8701
|
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