Resolution No. 98-02 EDA - Laserfiche WebLink

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1.06. Forms of the Ground Lease, the Lease, the Indenture, the Disbursing Agreement, the Assignment, the Official Statement for the Series 1998A Bonds and a Continuing Disclosure Agreement of the City dated as of August 1, 1998, have been prepared and submitted to the Authority and are on file with the Authority. Section 2. Sale of Series 1998A Bonds. 2.01. The proposal of (the "Purchaser") to purchase the Series 1998A Bonds is hereby found and determined to be a reasonable offer and is hereby accepted, the proposal being to purchase the Series 1998A Bonds at a price of $ plus accrued interest to date of delivery, for Series 1998A Bonds bearing interest as follows: Year of Interest Year of Interest Maturity Rate Maturity Rate 2001 2011 2002 , 2012 2003 2013 2004 2014 2005 2015 2006 2016 2007 2017 2008 2018 2009 2019 2010 True interest cost: 2.02. The Treasurer is directed to retain the good faith check of the Purchaser, pending completion of the sale of the Series 1998A Bonds, and to deliver the good faith check to the Trustee upon the issuance of the Series 1998A Bonds. The Authority shall return the good faith checks of the unsuccessful proposers forthwith. 2.03. The Authority will forthwith issue and sell the Series 1998A Bonds in the total principal amount of $5,350,000, originally dated August 1, 1998, in the denomination of $5,000 each or any integral multiple thereof, numbered No. R-1, upward, bearing interest as above set forth, and which mature serially on February 1, in the years and amounts as follows (subject to redemption and prior payment as set forth in the Indenture):