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Last modified
7/17/2007 9:20:18 AM
Creation date
4/25/2005 12:24:00 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7831
Resolution Title
Providing for Public Sale $16,525,000 General Obligation Bonds of 1985 Consisting of $2,225,000 General Obligation State Aid Highway Bonds and $14,300,000 General Obligation Tax Increment Bonds, Series 1
Resolution Date Passed
12/2/1985
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<br />INTEREST PAYMENTS <br /> <br />August 1, 1986, and semi-annually thereafter on February 1, <br />and August 1. <br /> <br />MATURITIES <br /> <br />February in the years and amounts as follows: <br />1988 170,000 1998 930,000 <br />1989 280,000 1999 1,040,000 <br />1990 335,000 2000 1 , 135,000 <br />1991 435,000 2001 1,240,000 <br />1992 535,000 2002 1,360,000 <br />1993 580,000 2003 1,225,000 <br />1994 635,000 2004 1,350,000 <br />1995 695,000 2005 1,465,000 <br />1996 760,000 2006 1,525,000 <br />1997 830,000 <br /> REDEMPTION <br /> <br />Bonds maturing in the years 1995 through 2006 will be <br />callable at the option of the Issuer on February 1, 1994, and any <br />interest payment date thereafter, at a price of par plUS accrued <br />interest. Redemption may be in whole or in part of the bonds <br />subject to prepayment. If redemption is in part, the bonds <br />remaining unpaid which have the latest maturity date shall be <br />prepaid first and if only part of the bonds having a common <br />maturity date are called for prepayment, these specific bonds to <br />be prepaid shall be chosen by lot by the Registrar. <br /> <br />REGISTRAR <br /> <br />The Issuer will name the Registrar which shall be subject to <br />applicable SEC regulations. Principal will be payable at the <br />main corporate office of the Registrar and interest will be <br />payable by check or draft of the Registrar mailed to the <br />registered holder of the bond at his address as it appears on the <br />books of Registrar. The Issuer will pay reasonable and customary <br />charges for services of the Registrar. <br />
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