2006-08-09 CC Packet - Laserfiche WebLink

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X. Amount Ym Amnlmt 2009 $135,000 2016 $195,000 2010 145,000 2017 205,000 2011 lSO,OOO 2018 215,000 2012 160,000 2019 220,000 2013 170,000 2020 235,000 2014 175,000 2021 250,000 2015 185,000 2022 260,000 1.05. Qptional Redemption. The City may elect on March 1, 2010, and on any day thereafter to prepay Bonds due on or after March 1, 2011. 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. Ifless than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price ofpai' plus accrued interest. 1.06. Term Bonds. To be completed if Term Bonds are requested by the Purchaser. Section 2. Reaistration and Payment. 2.01. Reaistered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof: is payable by check or draft issued by the Registrar described herein. 2.02. Dates: Interest Pa\Yment Dates. Each Bond will be dated as of the last interest payment date precedillg the date of authentication to which interest on the Bond bas been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ti) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on March 1 and September 1 of each year, commencing March 1, 2007, to the registered owners of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Reaistration. The City will appoint a bond registrar, transfer agent, authenticating agent and paying agent (Registrar). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as fonows: . (a) J9ste1'. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. Page 4 of22 11