| Issuer |
Borough of Point Pleasant |
| State |
New Jersey |
|
Amount |
$19,870,000 |
| Type
Issue/Series |
General Obligation Bonds, Series 2010
Consisting of
$14,890,000 General Improvement Bonds and
$4,980,000 Water-Sewer Utility Bonds
|
|
Rating |
Moodys: A1 |
| Bank
Qualified |
Yes |
|
Good Faith |
$397,400 wire transfer, check or surety bond payable to the Borough prior to bidding. |
|
|
Sale Date |
7/21/10 |
|
Dated Date |
7/15/10 |
| Settlement
Date1 |
7/23/10
|
|
Sale Time |
12:00 PM - 12:15 PM Eastern Time |
|
|
Interest Due |
1/15, 7/15 |
| Principal Due |
7/15/11 - 7/15/29 |
| First Interest
Date |
1/15/11 |
| Call Dates |
Non-Callable |
| Term Bonds |
Allowed |
|
Min. Bid Price
|
100.000% |
| Bid Details |
Max. Spread: 3.000%
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
The two series which comprise the aggregate principal amount (General Improvement Bonds, Series 2010 and Water-Sewer Utility, Series 2010) will have separate identifiers, and the breakdown of each maturity is listed in the NOS. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Bathgate, Wegener & Wolf, P.C.,
Lakewood, New Jersey
ATTN: Jan L. Wouters, Esq
732-363-0666 |
| Web
Site |
www.MuniAuction.com |
|
|