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2007-096 Council Resolution
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2007-096 Council Resolution
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Last modified
10/15/2014 10:45:56 AM
Creation date
10/15/2014 8:30:07 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
06/25/2007
Council Meeting Type
Regular
Resolution #
07-096
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• <br />amount of $4,215,000, originally dated July 15, 2007, in the denomination of $5,000 each or any <br />integral multiple thereof, numbered No. R -1, upward, bearing interest as above set forth, and <br />maturing serially on February 1 in the years and amounts as follows: <br />Year Amount Year Amount <br />2009 $165,000 2017 $400,000 <br />2010 175,000 2018 190,000 <br />2011 215,000 2019 200,000 <br />2012 265,000 2020 215,000 <br />2013 285,000 2021 230,000 <br />2014 345,000 2022 245,000 <br />2015 360,000 2023 265,000 <br />2016 380,000 2024 280,000 <br />1.04. Optional Redemption. The City may elect on February 1, 2018, and on any day <br />thereafter to prepay Bonds due on or after February 1, 2016. Redemption may be in whole or in <br />part and if in part, at the option of the City and in such manner as the City will determine. If less <br />than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in <br />Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine <br />by lot the amount of each participant's interest in such maturity to be redeemed and each <br />participant will then select by lot the beneficial ownership interests in such maturity to be <br />redeemed. Prepayments will be at a price of par plus accrued interest. <br />1.05. Term Bonds. To be completed if Term Bonds are requested by the Purchaser. <br />Section 2. Registration and Payment. <br />2.01. Registered Form. The Bonds will be issued only in fully registered form. The <br />interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by <br />check or draft issued by the Registrar described herein. <br />2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest <br />payment date preceding the date of authentication to which interest on the Bond has been paid or <br />made available for payment, unless (i) the date of authentication is an interest payment date to <br />which interest has been paid or made available for payment, in which case the Bond will be <br />dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest <br />payment date, in which case the Bond will be dated as of the date of original issue. The interest <br />on the Bonds is payable on February 1 and August 1 of each year, commencing February 1, <br />2008, to the registered owners of record as of the close of business on the fifteenth day of the <br />immediately preceding month, whether or not that day is a business day. <br />312428v1 SJB LN140 -100 <br />
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