My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04-065
NewBrighton
>
Council
>
Resolutions
>
Resolutions 2004
>
04-065
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/8/2005 3:37:34 PM
Creation date
7/8/2005 10:28:26 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />i <br />! mechanism to conduct the electronic bidding for the Bonds, and P ARITY@ is not an <br />i agent of the City. <br />i <br />I <br />i If any provisions of this Terms of Proposal conflict with information provided b; <br />i P ARITY@, this Terms of Proposal shall control. Further information about PARITY , <br />! including any fee charged, may be obtained from: <br />! <br /> <br />'liPARITY@,40West23rdStreet,5thFloor,NeWYOrkCity, New York 10010, Customer <br />Support, (212) 404-8102. <br /> <br />,! <br />;1 <br />.;1 <br />, ~ <br /> <br />DETAILS OF THE BONDS <br /> <br />liThe Bonds will be dated October 1, 2004, as the date of original issue, and will bear <br />i!interest payable on February 1 and August 1 of each year, commencing August 1, 2005. <br />!!Interest will be computed on the basis of a 360-day year of twelve 3D-day months. <br /> <br />,; <br />,i <br /> <br />!lThe Bonds will mature February 1 in the years and amounts as follows; <br />i <br /> <br />!I2006 <br />1~007 <br />112008 <br /> <br />$615,000 <br />$705,000 <br />$720,000 <br /> <br />2009 <br />2010 <br />2011 <br /> <br />$740,000 <br />$765,000 <br />$785,000 <br /> <br />2012 <br />2013 <br />2014 <br /> <br />$815,000 <br />$550,000 <br />$450,000 <br /> <br />2015 <br />2016 <br />2017 <br /> <br />$300,000 <br />$180,000 <br />$210,000 <br /> <br />!l* The City reserves the right, after proposals are opened and prior to award, to increase or reduce <br />ijthe principal amount of the Bonds offered for sale. Any such increase or reduction will be made in <br />i Imultiples of $5,000 in any of the maturities. In the event the principal amount of the Bonds is increased or <br />lI'educed, any premium offered or any discount taken by the successful bidder will be increased or reduced <br />'Iby a percentage equal to the percentage by which the principal amount of the Bonds is increased or <br />: (edUced. <br /> <br /> <br />llproposals for the Bonds may contain a maturity schedule providing for a combination of <br />Hserial bonds and term bonds. All term bonds shall be subject to mandatory sinking fund <br />i~lredemPtion and must conform to the maturity schedule set forth above at a price of par <br />1 Ius accrued interest to the date of redemption. In order to designate term bonds, the <br />I proposal must specify "Years of Term Maturities" in the spaces provided on the Proposal <br />!Form. <br />BOOK ENTRY SYSTEM <br /> <br />lfI'he Bonds will be issued by means of a book entry system with no physical distribution <br />:bf Bonds made to the public. The Bonds will be issued in fully registered form and one <br />!/Bond, representing the aggregate principal amount of the Bonds maturing in each year, <br />ilwill be registered in the name of Cede & Co. as nominee of The Depository Trust <br />:~ompany ("DTC"), New York, New York, which will act as securities depository of the <br />!(Bonds. Individual purchases of the Bonds may be made in the principal amount of <br />i~5,000 or any multiple thereof of a single maturity through book entries made on the <br />I. <br />ibooks and records of DTC and its participants. Principal and interest are payable by the <br />ilregistrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal <br />ibnd interest payments to participants of DTC will be the responsibility of DTC; transfer <br />: bf principal and interest payments to beneficial owners by participants will be the <br />iresponsibility of such participants and other nominees of beneficial owners. The <br />!purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds <br />: /\Vi th DTC. <br />Ii <br />ij <br />I, <br />SJB-2519~:' vI <br />NE 136-1 <br />" <br />! ~ <br />
The URL can be used to link to this page
Your browser does not support the video tag.