HomeMy WebLinkAboutNB-Public Works
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Mil..1:1u1.t y D ate
9/02/93
9/02194
9/0/'/95
9/02196
9/02197
9/02198
9/02199
9/02100
9/0210 l
9/02/02
9/02103
9/02104
9/02/05
9/02106
9/02/07
9/02/08
9/02109
9/02110
9/02111
Total
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5.75\
6.00
6.25
6.50
6.75
6.90
7.00
7.l0
7.20
7.30
7.40
7.50
7.60
7.6Q
7.70
7.70
7.75
7.75
7.75
-~
Princip<ll
AmounL-
l~LeaLR~
All Bonds are re-offered at par.
EXHIBIT A
$709,105.38
City of San Bernardino
AS3essment District No. 987
Limited Obligation Improvement Bonds
(verd'-'1mont Area)
$ 24,105.38
20,000.00
20,000.00
25,000.00
25.000.00
25,000.00
30,000.00
30,000.00
30,000.00
35,000.00
35,000.00
40,000.00
40,000.00
45,000.00
50,000.00
55,000.00
55,000.00
60,000.00
----6..5.000.00
$709,105.38
The neL interest cost, which includes a discount 0[ 3 0\
. t is
7.770405%. The average coupon rate is 7.533981\.
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The Common Council
City of San Bernardino
December 2, 1991
Page 2
5. The Bonos shall be dat.ed Dece:nbe= 1, 19S1 ar:d
delivered on or before December l8, 1991 or any
other date '.1hich is mutually agreed upor, by the City
and the Underwriter.
6. The aonds will include serials and shall matu;e from
September 2, 1993 through September 2, 2011.
7.
The City shall establish a reserv~ fund in an amount
equal to ten percent (10\) of the Bond proceeds ar.d
such reserve funl'l shall be esl.nblished frem Bond
proGeeds.
8. The City shall coven"nt to comme!lce judicial
foreclosure of delinquent assessments as provided cn
the Fiscal Agent Agreement.
9. The City shilll furnish to the Underwriter ~ summary
of property tax delinquencies which shall in~lude
for such delinquencies (i) the assessor's parcel
number, (ii) the property owner's name, (iii) the
amount of delin~uent property taxes and (iv) the
year or years of each delinque~cy. Such list shall
be furnished to the Underwriter within 60 d~ys of
the City's receipt of the Fixed Charge Unpaid !ist
frem the County Of San Bernardino.
10. Not later than the date of Closing or the seventh
(7th) business day after the date hereof, whlchev~r
OCCU[S first. the City will deliver to thy
Underwriter an Official statement daled the date of
December 2, 1991, in such quantities as the
Underwriter may rea50nably request to permit
compliance with Rule 15c2-12 of the Securlties and
Exchange Commission (17 C.P.R. 240.15c2-12),
incluc1ing any appendices, maps, exhibits. reports
and statements.
11. The purchase price shall be 91.0\ of par (a discount
of 3.0%').
12. The Bonds may be called for redemption prior to
malurity on any March 2 or September 2 upon payment
of 103 percent (103\) of the par value of thp. Bonds.
plus accrued interest to the date of surrender or
the date of redemption, whichever is earlier.