2020-043 Council Resolution - Laserfiche WebLink

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• • • (d) The date of original issue of the Bonds is , 2020. (e) The City may elect on February 1, 2029, and on any day thereafter to prepay Bonds due on or after February 1, 2030. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify The Depository Trust Company ("DTC") of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. [IF TERM BONDS ARE REQUESTED BY THE PURCHASER: (f) The Bonds maturing on February 1, 20 and February 1, 20 shall hereinafter be referred to collectively as the "Term Bonds." The principal amounts of the Term Bonds subject to mandatory sinking fund redemption on any date may be reduced through earlier optional redemptions, with any partial redemptions of the Term Bonds credited against future mandatory sinking fund redemptions of such Term Bonds in such order as the City shall determine. The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part at par plus accrued interest on February 1 of the following years and in the principal amounts as follows: Sinking Fund Installment Date Principal Amount February 1, 20 Term Bonds * Maturity February 1, 20_ Term Bonds * Maturity] 5. Defined Terms. Capitalized terms used herein that are otherwise not defined shall have the meanings assigned to such terms in the Resolution. B-2