5.2b ERMUSR 04-13-2021 - Laserfiche WebLink

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TEMPLATE RESOLUTION InterestInterest YearAmountRateYearAmountRate 2022$290,000%2037$410,000% 2023345,0002038420,000 2024345,0002039425,000 2025350,0002040435,000 2026350,0002041445,000 2027355,0002042455,000 2028355,0002043465,000 2029360,0002044475,000 2030365,0002045485,000 2031370,0002046500,000 2032375,0002047510,000 2033380,0002048520,000 2034390,0002049535,000 2035395,0002050550,000 2036400,0002051565,000 As may be requested by the Purchaser, one or more term Series 2021BBonds may be issued having mandatory sinking fundredemption and final maturity amounts conforming to the foregoing principal repayment schedule and corresponding additions may be made to the provisions of the applicable Series 2021BBond(s). The Series 2021BBonds shall be issuable only in fully registered form. The interest thereon and, upon surrender of each Series 2021BBond, the principal amount thereof, shall be payable by check or draft issued by the Registrar. 5.02.Interest Payment Dates. The Series 2021BBonds shall bear interest payable semiannually on February 1 and August 1 of each year, commencing February 1, 2022, calculated on the basis of a 360-day year of twelve 30-day months to the person in whose name the Series 2021BBond is registered in the Bond Register at the close of business on the15thday of the immediately preceding month, whether or not such day is a business day. 5.03.Optional Redemption. The City may elect on February 1, 2031, and on any day thereafter to prepay Series 2021B Bondsmaturingon or after February 1, 2032. 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 Series 2021B Bondsof a maturity are called for redemption, the City will notify DTC (as defined in Section 8hereof) ofthe particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participants interest in such maturity to be redeemed and each participant willthen select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at aprice of par plus accrued interest. \[5.04.Term Bonds; Mandatory Redemption. The Series 2021B Bondsmaturing in 20__, and 20__shall hereinafter be referred to collec 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 7 EL185-68-707442.v2 393