| Issuer |
Township of Saddle Brook |
| State |
New Jersey |
|
Amount1 |
$3,705,000 |
| Type
Issue/Series |
General Obligation Bonds |
|
Rating |
Standard & Poor's: A+ (Stable outlook). |
| Bank
Qualified |
Yes |
|
Good Faith |
$74,100 check or surety must be received by the Township prior to bidding. See pg 2 of NOS for details. |
|
|
Sale Date |
8/24/10 |
|
Dated Date |
8/31/10 |
| Settlement
Date2 |
8/31/10
|
|
Sale Time |
11:30 AM - 11:48 AM Eastern Time |
|
|
Interest Due |
3/1, 9/1 |
| Principal Due |
9/01/11 - 9/01/20 |
| First Interest
Date |
3/01/11 |
| Call Dates |
Non-Callable |
| Term Bonds |
No |
|
Min/Max Bid Price
|
100.000% / 100.027% |
| Bid Details |
Non-descending Coupons Required - Starting 2011
Multiple: Either 1/8th or 1/20th of 1%
|
| Insurance |
Bidder's Option / Bidder Pays / Not Factored into NIC |
|
| Bid Format |
All-Or-None |
| Auction Format |
Open |
| Award Basis
|
NIC |
| Two-Minute Rule
|
Yes |
| Bond Counsel |
Wolff & Samson PC
One Boland Drive,
West Orange, NJ 07052
ATTN: Bernard S. Davis, Esq.
Telephone: 973-530-2016 |
| Web
Site |
www.MuniAuction.com |
|
|