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RES 13-01
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RES 13-01
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2/8/2013 2:23:36 PM
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2/8/2013 2:23:28 PM
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City Government
type
EDR
date
2/4/2013
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interest hereinafter set forth, and to pay therefor the sum of$9,943,055.37, was determined by • <br /> the Pricing Committee in accordance with Resolution No. 12-05, adopted December 10, 2012, <br /> to be a reasonable offer and acceptance of the proposal of the Purchaser is hereby ratified and <br /> confirmed. The Executive Director is directed to retain the deposit of the Purchaser and to <br /> forthwith return to the bidders any good faith checks or drafts. <br /> 2. (a) Terms of Bonds; Original Issue Date; Denominations; Maturities; Term <br /> Bond Options. The Bonds shall be dated February 12, 2013, as the date of original issue, shall <br /> be issued forthwith on or after such date in fully registered form, shall be numbered from R-1 <br /> upward in the denomination of $5,000 each or in any integral multiple thereof of a single <br /> maturity and shall mature on February 1 in the years and amounts as follows: <br /> Year Amount Year Amount <br /> 2018 $505,000 2026 $605,000 <br /> 2019 515,000 2027 615,000 <br /> 2020 525,000 2028 630,000 <br /> 2021 540,000 2029 650,000 <br /> 2022 550,000 2030 675,000 <br /> 2023 565,000 2031 690,000 <br /> 2024 575,000 2032 715,000 <br /> 2025 590,000 2033 740,000 <br /> 3. Terms of Bonds. • <br /> (a) Title; Original Issue Date; Denominations. The Bonds shall be titled "General <br /> Obligation Refunding Bonds, Series 2013A", shall be dated as of their date of original issuance <br /> and shall be issued forthwith on or after such date as fully registered bonds. The Bonds shall be <br /> numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple <br /> thereof of a single maturity. <br /> (b) Acceptance of Offer. The Board of Commissioners hereto formed a pricing <br /> committee (the "Pricing Committee") to consider proposals, award the sale of the Bonds and <br /> take any other appropriate action with respect to the Bonds and have accepted the offer of the <br /> Purchaser as set forth in a certificate of pricing committee. <br /> (c) Execution of Bond Purchase Agreement. The President and Executive Director <br /> are hereby directed to execute the Bond Purchase Agreement, in substantially the form on file <br /> with the Executive Director, but including final terms of the Bonds determined by the Pricing <br /> Committee. Execution and delivery of the final Bond Purchase Agreement shall constitute <br /> conclusive evidence of the terms of the Bonds determined by the Pricing Committee. <br /> (d) Book Entry Only System. The Depository Trust Company, a limited purpose <br /> trust company organized under the laws of the State of New York or any of its successors or its <br /> successors to its functions hereunder (the "Depository") will act as securities depository for the <br /> Bonds, and to this end: <br /> • <br /> 2 <br /> 414396v3 JSB EL185-21 <br />
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