CALIFORNIA
<< Berkeley Unified Sch. Dist. (Alameda Co.), Calif., - $10,000,000 - Sealed bids May 29, at 10 am PDST, c/o Brown & Wood, San Francisco, for purchase of (book entry) 1992 series E general obligation unlimited tax bonds, mentioned May 13 and 14.
Dated May 1, 1996. Due Aug. 1, 1998 to 2020. Bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sale. The bonds shall be callable in accordance with the specification set forth therein. Paying Agent: First Trust of California, N.A., Los Angeles. L.O.: Brown & Wood, San Francisco. Delivery on or about June 12, im New York. Certified or cashier's check for $100,000, payable to the District. Financial Adviser: Kelling, Northcross & Nobriga, Inc., Oakland.
Last comparable sale appeared May 13.
Advertisement appeared May 14.
<< Official Report to The Bond Buyer
<< Los Angeles Co. Metropolitan Transportation Authority, Calif. (Los Angeles), - Not to Exceed $220,000,000 - Separate sealed bids June 13, at 9 am PDST, for purchase of the following various series 1996 proposition A sales tax revenue bonds:
First Tier Senior$115,000,000.
Second Tier$105,000,000.
All dated June 1, 1996. Financial Adviser: Public Financial Management, Inc., Newport Beach; Charles A. Bell Securities Corp. and P.G. Corbin & Company, Inc., both of San Francisco.
Advertisement appears today.
Last Comparable Sale
<< $312,350,000 - Proposition C sales tax revenue (AMBAC Insured/book entry) second senior bonds, Series 1993-B were sold on Nov. 10, 1993 to a group headed by Goldman, Sachs & Co., Bear, Stearns & Co., Inc., Morgan Stanley & Co., Inc., Donaldson, Lufkin & Jenrette Securities Corp., Stone & Youngberg, in association with CS First Boston (alone), in association with Kidder, Peabody & Co., Incorporated, Prudential Securities, Inc. (Co- managers), no other members, in association with Smith Barney Shearson Inc. (alone), at TIC 5.4453%, as follows:
$143,995,000 serial bonds, due 1997 to 2013.
$73,685,000 term bonds, due 2018.
$94,670,000 term bonds, due 2023.
Reoffered at 4.05% in 1997 to 5.35% in 2013. The term bonds due 2018 at 90.75 to yield 5.436% and 2023 at 96.25 to yield 5.508%.
The only other bidder was:
A group headed by Lehman Brothers, Merrill Lynch & Co., J.P. Morgan Securities, Inc., Kemper Securities, Inc., Dean Witter Reynolds Inc., Grigsby Brandford & Co., First Chicago Capital Markets, Inc., in association with PaineWebber Incorporated (alone), TIC 5.4665%.
<< Palm Springs Unified Sch. Dist. (Riverside Co.), Calif., - $15,000,000 - Sealed bids May 30, at 10 am PDST, c/o Dale Scott & Company, Inc., San Francisco, for purchase of (book entry) series D (1992 Election) general obligation unlimited tax bonds, mentioned May 9 and 14.
Dated June 1, 1996. Due Feb. 1, 1997 to 2021. Bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sale. The bonds shall be callable in accordance with the specification set forth therein. Paying Agent: State Street Bank and Trust Company of California, N.A., Los Angeles. L.O.: Bowie, Arneson, Kadi, Wiles & Giannone, Newport Beach. Delivery on or about June 12, at the Depository Trust Company, New York. Certified or cashier's check for $150,000, payable to the District. Financial Adviser: Dale Scott & Company, Inc., San Francisco.
Last comparable sale appeared May 9.
Advertisement appeared May 14.
<< Official Report to The Bond Buyer
<< Santa Cruz Co., Calif. (Santa Cruz), - $15,500,000 - Selling June 12, reported May 24.
Advertisement appears today.
CONNECTICUT
<< Groton, Conn., - $4,480,000 - Separate sealed bids June 5, at 11:30 am EDST, for purchase of the following 4-months (bank qualified/book entry) various general obligation bond anticipation notes:
Lot A$3,720,000.
Lot B sewer$760,000.
Dated June 14, 1996. Due Oct. 15, 1996. L.O.: Day, Berry & Howard, Hartford. Financial Adviser: Independent Bond and Investment Consultants, Bristol.
<< Regional Sch. Dist. No. 14, Conn., - (Postponement) $307,000 - The general obligation bond anticipation notes originally scheduled for sale June 4, reported May 24, has been postponed.
FLORIDA
<< Dade Co., Fla. (Miami), - $36,000,000 - Sealed bids June 5, at noon EDST, for purchase of (book entry) series EE public improvement bonds.
Financial Adviser: P.G. Corbin & Company, Inc., Philadelphia and Southern Municipal Advisors, Inc., North Miami Beach.
Last Comparable Sale
<< $153,500,000 - General obligation seaport (AMBAC Insured/Book Entry) bonds, Series 1992 were sold on April 14, 1992 to a group headed by Goldman, Sachs & Co., Lehman Brothers, First Boston Corp., Prudential Securities, Inc., First Chicago Capital Markets, Inc., Lazard Freres & Co., Kemper Securities Group, Inc., Clayton Brown & Associates, Inc., A.G. Edwards & Sons, Inc., in association with Chemical Securities, Inc. (alone), in association with PaineWebber Incorporated (alone), CIC 6.4685%, as follows:
$41,035,000 serial bonds, due 1995 to 2010.
$13,350,000 term bonds, due 2013.
$51,075,000 term bonds, due 2021.
$48,040,000 term bonds, due 2026.
Reoffered at 4.65% in 1995 to 6.375% in 2010 and 6.40% in 2013. The term bonds due in 2021 were reoffered at 96.75 to yield 6.499%. The term bonds due 2026 were not reoffered.
Among the other bidders were:
Merrill Lynch & Co., William R. Hough & Co., Dean Witter Reynolds, Inc., First Union Securities, Inc. (Co-managers), and associates, CIC 6.4717%.
BT Securities Corp., Morgan Stanley & Co., Inc., Bear, Stearns & Co., Inc. (Co-managers) and R.W. Corby & Co., Inc., CIC 6.5079%.
J.P. Morgan Securities, Inc., Smith Barney, Harris Upham & Co., Inc., Donaldson, Lufkin & Jenrette Securities Corp., Dillon, Read & Co., Inc., NationsBanc Capital Markets, Inc. (Co-managers), and associates, CIC 6.5099%.
Kidder, Peabody & Co., Incorporated, AIBC Investment Services, Corp., Argyle Securities and Howard, Weil, Labouisse, Friedrichs Inc., CIC 6.533%.
MICHIGAN
<< Official Report to The Bond Buyer
<< Kenowa Hills Sch. Dist., Mich., - $45,485,000 - Selling June 3, reported May 9.
Advertisement appears today.
MINNESOTA
<< Carver, Minn., - $425,000 Approximate - Sealed bids June 3, at noon CDST, for purchase of (bank qualified) series 1996 general obligation refunding unlimited tax bonds.
Dated June 27, 1996. *Due Feb. 1, 1998 to 2009. Bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sale. The bonds shall be callable in accordance with the specification set forth therein. L.O.: Briggs & Morgan, St. Paul and Minneapolis. Certified or cashier's check for $8,500, payable to the City. Financial Adviser: Ehlers & Associates, Minneapolis.
*The City reserves the right to increase or decrease the principal amount of the issue by an amount not to exceed $10,000 and will be made in multiples of $5,000 in any maturities.
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<< Crystal, Minn., - $1,765,000 - Sealed bids June 4, at noon CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 7 1/4-year avg. (book entry) series 1996A general obligation improvement unlimited tax bonds, mentioned May 16.
Dated July 1, 1996. Due Feb. 1, $145,000 in 1998 to 2004 and $150,000 in 2005 to 2009. Callable Feb. 1, 2005 at par. Paying Agent: To be designated. L.O.: Kennedy & Graven, Minneapolis. Delivery within 40 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $17,650, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
Last comparable sale appeared May 16.
<< Elk River, Minn., - $2,655,000 - Sealed bids June 3, at 11:30 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 11 1/2-year avg. (book entry) series 1996A general obligation sewer revenue bonds, mentioned May 20.
Dated July 1, 1996. Due Feb. 1:
1997 $135,000
1998 80,000
1999 85,000
2000 90,000
2001 95,000
2002 95,000
2003 100,000
2004 110,000
2005 115,000
2006 120,000
2007 125,000
2008 130,000
2009 140,000
2010 150,000
2011 155,000
2012 165,000
2013 175,000
2014 185,000
2015 195,000
2016 210,000
<< Callable Feb. 1, 2006 at par. Paying Agent: To be designated. L.O.: Briggs & Morgan, Minneapolis and St. Paul. Delivery within 40 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $26,550, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
Last comparable sale appeared May 20.
<< Elk River, Minn., - $500,000 - Sealed bids June 3, at 11:30 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 4 5/6-year avg. (book entry) series 1996B general obligation improvement unlimited tax bonds.
Dated July 1, 1996. Due Feb. 1:
1999 $125,000
2000 80,000
2001 75,000
2002 75,000
2003 75,000
2004 70,000
<< L.O.: Briggs & Morgan, Minneapolis and St. Paul. Certified or cashier's check for $5,000, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
<< Faribault, Minn., - $1,745,000 - Separate sealed bids June 11, at 11 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of the following (book entry) various 1996 general obligation unlimited tax bonds, mentioned May 22:
Series D improvement, 6-year avg.$970,000.
Due Feb. 1, $110,000 in 1998, $100,000 in 1999 to 2003 and $90,000 in 2004 to 2007. Callable Feb. 1, 2004 at par. Certified or cashier's check for $9,700, payable to the City.
Series E water revenue, 6 2/3-year avg.$775,000.
Due June 1:
1997 $50,000
1998 40,000
1999 40,000
2000 45,000
2001 50,000
2002 50,000
2003 115,000
2004 120,000
2005 130,000
2006 135,000
<< Callable June 1, 2005 at par. Certified or cashier's check for $7,750, payable to the City.
All dated July 1, 1996. L.O.: Briggs & morgan, St. Paul and Minneapolis. Financial Adviser: Springsted Incorporated, St. Paul.
<< Glenwood Development Authority, Minn., - $300,000 - Sealed bids June 10, at noon CDST, (parity bids accepted), c/o Springsted Incorporated, St. paul, for purchase of 9-year avg. series 1996 (City of Glenwood Minnesota Lease Obligations) public project revenue bonds, mentioned May 16.
Dated July 1, 1996. Due Feb. 1:
1998 $10,000
1999 15,000
2000 20,000
2001 20,000
2002 20,000
2003 20,000
2004 20,000
2005 20,000
2006 25,000
2007 25,000
2008 25,000
2009 25,000
2010 25,000
2011 30,000
<< Callable Feb. 1, 2006 at par. L.O.: Briggs & Morgan, St. Paul and Minneapolis. Certified or cashier's check for $3,000, payable to the Authority. Financial Adviser: Springsted Incorporated, St. Paul.
<< New Prague, Minn., - $735,000 - Sealed bids June 3, at 10:30 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 12 2/3-year avg. (book entry) series 1996A general obligation tax increment unlimited tax bonds.
Dated July 1, 1996. Due Feb. 1:
1999 $20,000
2000 25,000
2001 30,000
2002 30,000
2003 30,000
2004 35,000
2005 35,000
2006 35,000
2007 40,000
2008 40,000
2009 40,000
2010 45,000
2011 45,000
2012 50,000
2013 55,000
2014 55,000
2015 60,000
2016 65,000
<< Callable Feb. 1, 2006 at par. L.O.: Dorsey & Whitney, Minneapolis. Certified or cashier's check for $7,350, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
<< Rosemount, Minn., - $3,315,000 - Separate sealed bids June 4, at 11 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of the following (book entry) various 1996 general obligation unlimited tax bonds, mentioned May 16:
Series A fire station, 11 1/2-year avg.$1,780,000.
Due Feb. 1:
1997 $90,000
1998 55,000
1999 60,000
2000 60,000
2001 65,000
2002 65,000
2003 70,000
2004 75,000
2005 75,000
2006 80,000
2007 85,000
2008 90,000
2009 95,000
2010 100,000
2011 105,000
2012 110,000
2013 115,000
2014 120,000
2015 130,000
2016 135,000
<< Callable Feb. 1, 2006 at par. Certified or cashier's check for $17,800, payable to the City.
Series B storm water, 9 1/2-year avg.$1,035,000.
Due Feb. 1:
1998 $50,000
1999 50,000
2000 55,000
2001 55,000
2002 60,000
2003 60,000
2004 65,000
2005 65,000
2006 70,000
2007 75,000
2008 80,000
2009 80,000
2010 85,000
2011 90,000
2012 95,000
<< Callable Feb. 1, 2006 at par. Certified or cashier's check for $10,350, payable to the City.
Series C water revenue, 5 1/3-year avg.$500,000.
Due Feb. 1:
1998 $55,000
1999 55,000
2000 60,000
2001 60,000
2002 65,000
2003 65,000
2004 70,000
2005 70,000
<< Certified or cashier's check for $5,000, payable to the City.
All dated July 1, 1996. Paying Agent: To be designated. L.O.: Briggs & morgan, St. Paul and Minneapolis. Delivery within 40 days after sale at such place to be mutually agreed upon. Financial Adviser: Springsted Incorporated, St. Paul.
Last comparable sale appeared May 16.
MISSOURI
<< Official Report to The Bond Buyer
<< University of Missouri Curators - $100,000,000 - Selling June 11, reported may 9.
Advertisement appears today.
NEW JERSEY
<< Camden Sch. Dist. (Camden Co.), N.J., - $3,100,000 - Sealed bids June 4, at 11 am EDST, for purchase of (bank qualified/book entry) series 1996 school unlimited tax bonds.
Dated June 1, 1996. Due June 1, 1997 to 2011. L.O.: Parker, McCay & Criscuolo, Marlton.
No recent comparable sale.
Advertisement appeared May 24.
<< Official Report to The Bond Buyer
<< Union Co., N.J. (Elizabeth), - $1,728,000 - Selling June 6, reported May 23.
Advertisement appears today.
NEW YORK
<< Corinth Central Sch. Dist., N.Y., - $3,750,000 - Sealed bids June 4, at 11 am EDST, c/o Fleet Bank, Rochester, for purchase of 8-year avg. (bank qualified/book entry) 1996 school district unlimited tax bonds.
Dated June 15, 1996. Due June 15:
1997 $200,000
1998 200,000
1999 225,000
2000 225,000
2001 250,000
2002 275,000
2003 275,000
2004 300,000
2005 300,000
2006 300,000
2007 300,000
2008 300,000
2009 300,000
2010 300,000
<< Callable June 15, 2004 at 102% declining to par June 15, 2006. Paying Agent: To be designated. L.O.: Ruberti, Girvin & Ferlazzo, Albany. Delivery on or about June 25, in New York. Certified or cashier's check for $75,000, payable to the District. Financial Adviser: Bernard P. Donegan, Inc., Victor.
No recent comparable sale.
<< Holtsville Fire Dist., N.Y., - $1,400,000 - Sealed bids June 4, at 11 am EDST, c/o Hawkins, Delafield & Wood, New York, for purchase of 8 1/3- year avg. (bank qualified/book entry) 1996 fire district unlimited tax bonds.
Dated June 15, 1996. Due June 15, $75,000 in 1997 to 2000 and $100,000 in 2001 to 2011. Callable June 15, 2006 at 102% declining to par June 15, 2008. . Paying Agent: To be designated. L.O.: Hawkins, Delafield & Wood, New York. Delivery on or about June 18, at the Depository Trust Company, New York. Certified or cashier's check for $28,000, payable to the District. Financial Adviser: Munistat Services, Inc., Port Jefferson Station.
No recent comparable sale.
<< Sauquoit Valley Central Sch. Dist., N.Y., - $4,155,000 - Sealed bids June 4, at 10 am EDST, c/o Fleet Bank, Rochester, for purchase of 1-year avg. (bank qualified/book entry) 1996B school district unlimited tax bonds.
Dated June 15, 1996. Due June 15, $4,150,000 in 1997 and $5,000 in 1998. Paying Agent: To be designated. L.O.: Willkie Farr & Gallagher, New York. Delivery on or about June 26, in New York. Certified or cashier's check for $83,100, payable to the District. Financial Adviser: Bernard P. Donegan, Inc., Victor.
Last Comparable Sale
<< $1,900,000 - General obligation school district (bank qualified/book entry) bonds, 1996 were sold on May 7, 1996 to a syndicate headed by Roosevelt & Cross, Inc., Lebenthal & Co., Inc., Samuel A. Ramirez & Co., Inc., Oppenheimer & Co., Inc., Fidelity Capital Markets, Inc., NIC 4.5161%.
The bonds were not reoffered.
Other bidders were:
KeyBank of New York (alone), par for 4.55s.
Fleet Securities Inc. (alone), NIC 4.6701%.
<< Wheatland-Chili Central Sch. Dist., N.Y., - $1,840,000 - Sealed bids June 4, at 11:30 am EDST, c/o Fleet Bank, Rochester, for purchase of 5 1/4- year avg. (bank qualified/book entry) 1996 general obligation school district unlimited tax bonds, mentioned May 23.
Dated June 15, 1996. Due June 15:
1997 $170,000
1998 180,000
1999 190,000
2000 200,000
2001 200,000
2002 210,000
2003 220,000
2004 230,000
2005 240,000
<< Paying Agent: To be designated. L.O.: Willkie Farr & Gallagher, New York. Delivery on or about June 25, in New York. Certified or cashier's check for $36,800, payable to the District. Financial Adviser: David E. Allardice, Inc., Canandaigua.
No recent comparable sale.
NORTH CAROLINA
<< Burlington, N.C., - $11,665,000 Approximate - Sealed bids May 29, at 11 am EDST, at Raleigh, for purchase of 7 1/2-year avg. (book entry) series 1996 general obligation refunding unlimited tax bonds.
Dated June 1, 1996. Due Feb. 1:
1997 $400,000
1998 340,000
1999 340,000
2000 340,000
2001 1,345,000
2002 1,325,000
2003 1,305,000
2004 1,290,000
2005 1,270,000
2006 1,250,000
2007 1,230,000
2008 935,000
2009 150,000
2010 145,000
<< Paying Agent: To be designated. L.O.: Parker Poe Adams & Bernstein, Charlotte. Delivery on or about June 13, at the Depository Trust Company, New York. Certified or cashier's check for $233,300, payable to the State Treasurer. Financial Adviser: Craigie Inc., Charlotte.
Last Comparable Sale
<< $2,935,000 - Refunding (Book Entry/Bank Qualified) bonds, Series 1992 were sold on Sept. 22, 1992 to Wachovia Bank of North Carolina N.A. Winston-Salem , Dean Witter Reynolds Inc. (Co-managers) and Central Bank of the South, Birmingham, NIC 3.84577%.
The bonds were not reoffered.
Other bidders were:
Craigie Inc. (alone), NIC 3.84577%.
First Union Securities, Inc. and First Winston Securities Inc., NIC 3.8649%.
NationsBanc Capital Markets Inc. (alone), NIC 3.8780%.
First Charlotte Corp. and First South Bank, Burlington (Co-managers), no other members, NIC 4.015%.
<< Official Report to The Bond Buyer
<< Cleveland Co. Sanitary Dist., N.C., - $14,745,000 (Not $22,775,000) - Selling June 4, reported May 22.
Advertisement appears today.
OHIO
<< Bexley City, Ohio, - Not to Exceed $880,000 - Sealed and telephone bids June 18, at 2 pm EDST, for purchase of bond anticipation notes.
L.O.: Bricker & Eckler, Columbus.
<< Loveland City, Ohio, - $990,000 - Sealed and telephone bids June 18, at noon EDST, for purchase of bond anticipation notes.
L.O.: Peck, Shaffer & Williams, Cincinnati.
<< Westlake City Sch. Dist., Ohio, - $280,000 - Sealed and telephone bids June 10, at 11:30 am EDST, for purchase of bond anticipation notes.
L.O.: Squire, Sanders & Dempsey, Cleveland.
TENNESSEE
<< Official Report to The Bond Buyer
<< Alcoa, Tenn., - $5,610,000 - Sealed bids June 4, at 11 am EDST, for purchase of the following (bank qualified) various series 1996 bonds:
General obligation$3,110,000.
Water and sewer revenue and tax$2,500,000.
Dated June 1, 1996. Due April 1, 1998 to 2016. L.O.: Robertson, Ingram & Overbey, Knoxville. Financial Adviser: Cumberland Securities, Knoxville.
Advertisement appears today.
Last Comparable Sale
<< $2,500,000 - General obligation (bank qualified) bonds, Series 1995 were sold on Jan. 5, 1996 to a sydicate headed by First Tennessee Bank, N.A., Memphis, First American National Bank, Nashville, Stephens, Inc., Commerce Investment Corp., Wachovia Bank of North Carolina, N.A., Winston- Salem, First Union Capital Markets Corp., Prudential Securities, Inc., TIC 6.2443%.
Reoffered at 5.40% in 1998 to 6.55% in 2011.
The Bond Buyer Index 5.44%.
Other bidders were:
Morgan Keegan & Co., Inc., J.C. Bradford & Co., Merrill Lynch & Co., Robinson-Humphrey Company Inc., Wiley Brothers, Inc., Cherokee Securities Division of J.J.B. Hilliard, W.L. Lyons, Inc., Sterne, Agee & Leach, Inc. (Co-managers), no other members, in association with Equitable Securities Corporation (alone), TIC 6.2970%.
Suntrust Capital Markets, Inc. and NationsBanc Capital Markets, Inc. (Co-managers), no other members, TIC 6.3240%.
Duncan-Williams, Inc., Crews & Associates, Inc. (Co-managers) and Municipal Securities, Inc., TIC 6.4680%.
TEXAS
<< Pasadena, Tex., - $12,540,000 - Separate sealed bids May 28, at 10 am CDST, for purchase of the following (book entry) various series 1996 issues, mentioned May 24:
General obligation, 5 3/4-year avg.$5,050,000.
Date May 15, 1996. Due Feb. 15:
2000 $1,050,000
2001 1,000,000
2002 1,000,000
2003 1,000,000
2004 1,000,000
<< Certified or cashier's check for $101,000, payable to the City.
Wastewater and sewer system revenue, 9-year avg.$1,540,000.
Dated June 1, 1996. Due April 1:
1997 $65,000
1998 75,000
1999 75,000
2000 75,000
2001 75,000
2002 100,000
2003 100,000
2004 100,000
2005 100,000
2006 100,000
2007 125,000
2008 125,000
2009 125,000
2010 150,000
2011 150,000
<< Callable April 1, 2006 at par. Certified or cashier's check for $30,800, payable to the City.
Anticipation notes, 2 5/6-year avg.$5,950,000.
Dated May 15, 1996. Due Feb. 15:
1997 $1,060,000
1998 1,120,000
1999 1,185,000
2000 1,255,000
2001 1,330,000
<< Certified or cashier's check for $119,000, payable to the City.
Paying Agent: Bank One, Texas, N.A., Houston. L.O.: State Atoorney General and Fulbright & Jaworski, Houston. Delivery on or about June 26, in Houston. Financial Adviser: Coastal Securities, Ltd., Houston.
Last comparable sale appeared May 24.
VIRGINIA
<< Official Report to The Bond Buyer
<< Richmond, Va., - $5,450,000 - Selling June 11, reported May 24.
Advertisement appears today.
<< Virginia Housing Development Authority (Richmond) - $80,080,000 - Sealed bids May 30, at 11 am EDST, for purchase of the following (book entry) various 1996 commonwealth mortgage revenue bonds:
Series B-AMT, Subseries B-1$35,220,000.
Series C, Subseries C-1$44,860,000.
Dated June 20, 1996. Due July 1, 1998 to 2026. Bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sale. The bonds are callable in accordance with the specifications set forth therein. Paying Agent: Signet Trust Company, Richmond. L.O.: Hawkins, Delafield & Wood, New York. Delivery on or about June 20, at the Depository Trust Company, New York. Certified or cashier's check for $1,600,000, payable to the Authority.
Last Comparable Sale
<< $54,000,000 - Remarketing - Commonwealth mortgage revenue (book entry) bonds, 1995 Series D, Subseries D-4 were sold on May 9, 1996 to J.P. Morgan Securities, Inc., Morgan Stanley & Co., Inc. and Lehman Brothers (Co-managers), no other members, in association with Robert W. Baird & Co., Inc. (alone), TIC 6.1443%, as follows:
$40,550,000 serial bonds, due 1998 to 2015.
$13,450,000 term bonds, due 2019.
Reoffered at par on all bonds.
The Bond Buyer Index 6.06%.
Other bidders were:
A group headed by Goldman, Sachs & Co., Prudential Securities Inc., ABN AMRO Securities, Inc., Hutchinson, Shockey, Erley & Co., Interstate/Johnson Lane Corp., Scott & Stringfellow, Inc., in association with Smith Barney Inc. (alone), in association with Craigie, Inc. and Morgan Keegan & Co., Inc. (Co-managers), no other members, TIC 6.1528%.
A group headed by Merrill Lynch & Co., in association with Ferris, Baker Watts Incorporated, Central Fidelity Bank, Richmond, Corby North Bridge Securities, Inc., Lafayette Square Partners, Inc. and A.H. Williams & Co., Inc., TIC 6.169669%.
MINNESOTA
<< Crystal, Minn., - $1,500,000 - Sealed bids June 4, at noon CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 8 3/4-year avg. (book entry) series 1996B (taxable) general obligation tax increment unlimited tax bonds, mentioned May 16.
Dated July 1, 1996. Due Feb. 1:
1998 $25,000
1999 85,000
2000 90,000
2001 95,000
2002 100,000
2003 110,000
2004 115,000
2005 125,000
2006 130,000
2007 140,000
2008 150,000
2009 160,000
2010 175,000
<< Callable Feb. 1, 2005 at par. Paying Agent: To be designated. L.O.: Kennedy & Graven, Minneapolis. Delivery within 40 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $15,000, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
No recent comparable sale.
<< New Prague, Minn., - $385,000 - Sealed bids June 3, at 10:30 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 13 1/3-year avg. (book entry) series 1996B (taxable) general obligation tax increment unlimited tax bonds.
Dated July 1, 1996. Due Feb. 1:
1999 $5,000
2000 10,000
2001 10,000
2002 15,000
2003 15,000
2004 15,000
2005 15,000
2006 20,000
2007 20,000
2008 20,000
2009 20,000
2010 25,000
2011 25,000
2012 30,000
2013 30,000
2014 35,000
2015 35,000
2016 40,000
<< Callable Feb. 1, 2006 at par. L.O.: Dorsey & Whitney, Minneapolis. Certified or cashier's check for $3,850, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
<< St. Anthony, Minn., - $1,770,000 - Sealed bids June 10, at 11 am CDST, (parity bids accepted), c/o Springsted Incorporated, St. Paul, for purchase of 11 1/4-year avg. (book entry) series 1996A (taxable) tax increment unlimited tax bonds, mentioned May 22.
Dated July 1, 1996. *Due Feb. 1:
2000 $80,000
2001 85,000
2002 90,000
2003 95,000
2004 100,000
2005 110,000
2006 115,000
2007 125,000
2008 135,000
2009 145,000
2010 155,000
2011 165,000
2012 180,000
2013 190,000
<< Callable Feb. 1, 2006 at par. paying Agent: To be designated. L.O.: Dorsey & Whitney, Minneapolis. Delivery within 40 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $17,700, payable to the City. Financial Adviser: Springsted Incorporated, St. Paul.
*The City reserves the right to increase or decrease the principal amount of the issue by an amount not to exceed $70,000 and will be made in multiples of $5,000 in any maturities.
No recent comparable sale.
