| Issuer |
Village of Round Lake Beach |
| State |
Illinois |
|
Amount1 |
$3,000,000 |
| Type
Issue/Series |
Taxable General Obligation Bonds, Series 2010
(Recovery Zone Economic Development Bonds - Direct Payment) |
|
Rating |
Moody's: Aa2; S&P: AA- |
| Bank
Qualified |
No |
|
Good Faith |
Winning Bidder to wire $60,000 to the Village by 3:00 C.D.S.T on July 26, 2010. See the NOS for instructions. |
|
|
Sale Date |
7/26/10 |
|
Dated Date |
8/12/10 |
| Settlement
Date2 |
8/12/10
|
|
Sale Time |
12:00 PM - 12:15 PM Eastern Time |
|
|
Interest Due |
1/1, 7/1 |
| Principal Due |
1/01/12 - 1/01/31 |
| First Interest
Date |
1/01/11 |
| Call Dates |
1/01/19 @ Par |
| Term Bonds |
Allowed - Starting 2020 |
|
Min. Bid Price
|
99.150% |
| Bid Details |
Max. Coupon: 7.000%
Non-descending Coupons Required - Starting 2012
Multiple: Either 1/8th or 1/20th or 1/100th of 1%
Zero Coupons Not Allowed
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into TIC |
| Other Details |
Total compensation for the Bonds will not exceed $60,000, including the cost of any bond insurance purchased by the Winning Bidder. |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
TIC to Dated Date |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Foley & Lardner LLP,
Chicago, IL. |
| Web
Site |
www.MuniAuction.com |
| Contact |
Kane, McKenna Capital, Inc.
150 North Wacker Drive
Suite 1600
Chicago, IL 60606
ATTN: Iryna Dziuk
E-mail: idziuk@kanemckenna.com
Telephone: 312-444-1702
Facsimile: 312-444-9052
www.kanemckenna.com |
|
|