2003-210 Council Resolution - Laserfiche WebLink

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Year 2005 2006 2007 2008 Amount $435,000 445,000 440,000 55,000 Term Bonds due February 1, 2013 Term Bonds due February 1, 2015 Term Bonds due February 1, 2017 Term Bonds due February 1, 2019 Year 2009 2010 2011 Amount $ 55,000 55,000 60,000 in the aggregate principal amount in the aggregate principal amount in the aggregate principal amount in the aggregate principal amount of $120,000. of $130,000. of $140,000. of $155,000. 1.04. Optional Redemption. The City may elect on February 1, 2013, and on any day thereafter to prepay Bonds due on or after February 1, 2014. 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 DTC (as defined in Section 7 hereof) 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. 1.05. Mandatory Redemption. The Term Bonds are subject to mandatory sinking fund redemption and shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and in the principal amounts as follows: Sinking Fund Installment Date Principal Amount February 1, 2013 Term Bonds 2012 2013 (maturity) 2015 Term Bonds 2014 2015 (maturity) 2017 Term Bonds 2016 2017 (maturity) 2019 Term Bonds 2018 2019 (maturity) $60,000 60,000 $65,000 65,000 $70,000 70,000 $75,000 80,000 The specific Term Bonds to be redeemed will be selected by lot by the Registrar. All prepayments will be at a price of par plus accrued interest. SJB-240610v1 LN140-84