Res. #09-017a - Providing for the Sale of $3,715,000 General Obligation Improvement Bonds, Series 2009A

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INTEREST PAYMENTS: February I and August I commencing August I, 2010, to registered owners of the Bonds appearing of record in the certificate register at the close of business on the fifteenth day (whether or not a business day) of the calendar month next preceding such interest payment date (the "Record Date"). MATURITIES: February 1, inclusive, in each of the years and amounts as follows: Year Amount Year Amount 2012 $130,000 2019 $290,000 2013 135,000 2020 300,000 2014 260,000 2021 300,000 2015 265,000 2022 300,000 2016 265,000 2023 300,000 2017 270,000 2024 310,000 2018 280,000 2025 310,000 Proposals for the Bonds may contain a maturity schedule providing for any combination of serial certificates and term certificates, subject to mandatory redemption, so long as the amount of principal maturing or subject to mandatory redemption in each year conforms to the maturity schedule set forth above. INTEREST RATES: All rates must be in integral multiples of 1/2Oth or 1/8th of I 'Yo. Rates must be in level or ascending order. No limitation is placed upon the number of rates which may be used. All Bonds of the same maturity must bear a single uniform rate from date of issue to maturity. ADJUSTMENTS TO PRINCIPAL AMOUNT AFTER PROPOSALS: The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be adjusted to maintain the same gross spread. Such adjustments shall be made promptly after the sale and prior to award of bids by the City and shall be at the sole discretion of the City. The successful bidder may not withdraw or modify its bid once submitted to the City for any reason, including post certificate adjustment. Any adjustment shall be conclusive and shall be binding upon the successful bidder.