#09 - 2024A Bond Sale - Laserfiche WebLink

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LA515-142-950087.v1 Year of Maturity Interest Rate Year of Maturity Interest Rate 2025 % 2033 % 2026 2034 2027 2035 2028 2036 2029 2037 2030 2038 2031 2039 2032 2.03. Purchase Contract. Any amount paid by the Purchaser over the minimum purchase price shall be credited to the Debt Service Fund hereinafter created, or deposited in the accounts in the Construction Fund hereinafter created, as determined by the City Finance Director after consultation with the City’s municipal advisor. The City Finance Director is directed to retain the good faith deposit of the Purchaser, pending completion of the sale of the Bonds. The Mayor and City Clerk are authorized to execute a contract with the Purchaser on behalf of the City, if requested by the Purchaser. 2.04. Terms and Principal Amount of Bonds. The City will forthwith issue and sell the Bonds pursuant to the Improvement Act and the Utility Act (collectively, the “Act”), in the total principal amount of $5,050,000, originally dated the date of delivery, in fully registered form, in denominations of $5,000 each or any integral multiple thereof, numbered No. R-1 and upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts as follows: Year Amount Year Amount 2025 $ 35,000 2033 $525,000 2026 415,000 2034 540,000 2027 435,000 2035 560,000 2028 450,000 2036 35,000 2029 460,000 2037 40,000 2030 475,000 2038 40,000 2031 490,000 2039 40,000 2032 510,000 As may be requested by the Purchaser, one or more term Bonds (the “Term Bonds”) may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s).