04-14-2021 Council Packet - Laserfiche WebLink

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25 FOR THE GUARANTOR UNDER THE GUARANTY AGREEMENT, NEITHER THE GUARANTOR NOR ANY AFFILIATES OF THE CORPORATION ARE OBLIGORS ON THE SERIES 2021D BONDS. Other Possible Risk Factors The occurrence of any of the following events, or other unanticipated events, could adversely affect the operations of the Corporation and the Project: (1) Reinstatement of or establishment of mandatory governmental wage, rent or price controls. (2) Inability to control increases in operating costs, including salaries, wages and fringe benefits, supplies and other expenses, without being able to obtain corresponding increases in Project Revenues from residents of the Project. (3) Unionization, employee strikes and other adverse labor actions which could result in a substantial increase in expenditures without a corresponding increase in Project Revenues. (4) Adoption of other federal, state or local legislation or regulations having an adverse effect on the future operating or financial performance of the Corporation and the Project. (5) The occurrence of any natural disasters or other disruptions that impact the operations of the Project. Summary The foregoing is intended only as a summary of certain risk factors attendant to an investment in the Series 2021D Bonds. In order for potential investors to identify risk factors and make an informed investment decision, potential investors should be thoroughly familiar with this entire Official Statement and the appendices hereto so as to make a judgment as to whether the Series 2021D Bonds are an appropriate investment, and obtain such additional information as they deem advisable in connection with their evaluation of the suitability of the Series 2021D Bonds for investment. THE SERIES 2021D BONDS The following is a short summary of certain provisions of the Indenture, the Loan Agreement and the Series 2021D Bonds. See Appendix D: “CERTAIN DEFINITIONS AND SUMMARY OF DOCUMENTS” for a more complete summary of such documents. All quotations from, and summaries and explanations of, such documents referred to herein do not purport to be complete, and reference is made to said documents for full and complete statements of their provisions. All references herein to the Series 2021D Bonds are qualified by the definitive forms thereof and the information with respect thereto contained in the Indenture. This Official Statement shall not be construed as constituting an agreement with purchasers of the Series 2021D Bonds. Interest; Maturity; Payment The Series 2021D Bonds shall bear interest payable semiannually on June 1 and December 1 each year, commencing [____________ 1, 20__], from the date of delivery or the most recent interest payment date to which interest has been paid or duly provided for. Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30-day months. The principal and redemption price of the Series 2021D Bonds shall be payable to the registered owner upon presentation at the office of the Trustee in such coin or currency of the United States of America as may be, on the respective dates of payment thereof, legal tender for the payment of public and private debts, and interest on Series 2021D Bonds shall be paid by check or draft mailed to the registered owner at his registered address; provided, however, presentation shall not be required in connection with sinking fund payments. The Regular Record Date for the payment of interest on the Series 2021D Bonds payable, and punctually paid or duly provided for, on any interest payment date shall be the 15th day (whether or not a business day) of the calendar month next preceding such interest payment date. Subject to the redemption provisions set forth below, the Series 2021D Bonds will mature as set forth on the inside cover page of this Official Statement. The ownership of any Series 2021D Bonds offered hereby will be