Laserfiche WebLink
Year of Interest Year of Interest <br /> Maturity Rate Maturity Rate <br /> 2022 4.00% 2029 4.00% <br /> 2023 4.00 2030 4.00 <br /> 2024 4.00 2031 4.00 <br /> 2025 4.00 2034* 2.00 <br /> 2026 4.00 2037* 2.00 <br /> 2027 4.00 2041* 2.00 <br /> 2028 4.00 <br /> *Term Bond <br /> 2.03. Purchase Contract. Any amount paid by the Purchaser over the minimum purchase <br /> price shall be credited to the Debt Service Fund hereinafter created, or deposited in the Construction <br /> Fund hereinafter created, as determined by the Finance Manager in consultation with Baker Tilly. <br /> The Finance Manager is directed to retain the good faith check of the Purchaser, pending <br /> completion of the sale of the Bonds. The President and Secretary are authorized to execute a <br /> contract with the Purchaser on behalf of the City and the Commission, if requested by the <br /> Purchaser. <br /> 2.04. Terms and Principal Amounts of the Bonds. The City and the Commission will <br /> forthwith issue and sell the Bonds pursuant to the Act, in the total principal amount of <br /> $1,615,000, originally dated as of the date of delivery in fully registered form and issued in <br /> denominations of$5,000 each or any integral multiple thereof, numbered No. R-1 and upward, <br /> bearing interest as above set forth, and maturing on August 1 in the years and amounts as <br /> follows: <br /> Year Amount Year Amount <br /> 2022 $50,000 2029 $ 75,000 <br /> 2023 60,000 2030 80,000 <br /> 2024 60,000 2031 80,000 <br /> 2025 65,000 2034* 260,000 <br /> 2026 70,000 2037* 275,000 <br /> 2027 70,000 2041* 395,000 <br /> 2028 75,000 <br /> *Term Bond <br /> As may be requested by the Purchaser, one or more term Bonds may be issued having <br /> mandatory sinking fund redemption and final maturity amounts conforming to the foregoing <br /> principal repayment schedule, and corresponding additions may be made to the provisions of the <br /> applicable Bond(s). <br /> 2.05. Optional Redemption. The City may elect on August 1, 2030, and on any day <br /> thereafter to prepay Bonds maturing on or after August 1, 2031. 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 /> EL 185-69-713323 v2 3 <br />