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Last modified
7/17/2007 9:20:35 AM
Creation date
4/25/2005 12:24:22 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7849
Resolution Title
To Consider Bids for and Awarding the Sale of $16,525,000 General Obligation Bonds of 1985
Resolution Date Passed
12/17/1985
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<br />Maturity Years <br /> <br />Interest Rates <br /> <br />1988 <br />1989 <br />1990 <br />1991 <br />1992 <br />1993 <br />1994 <br />1995 <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 <br />2001 <br />2002 <br />2003 <br />2004 <br />2005 <br />2006 <br /> <br />6.00% <br />6.20% <br />6.40% <br />6.60% <br />6.80% <br />7.00% <br />7.15% <br />7.30% <br />7.50% <br />7.70% <br />7.90% <br />8.00% <br />8.10% <br />8.10% <br />8.20% <br />8.20% <br />8.20% <br />8.20% <br />8.20% <br /> <br />7. All Bonds of this issue maturing in the years <br />1995 to 2006, both inclusive, shall be subject to redemption <br />and prepayment at the option of the City on February 1, 1994 <br />and on any interest payment date thereafter at par and accrued <br />interest. Redemption may be in whole or in part of the Bonds <br />subject to prepayment. If redemption is in part, those 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, the specific Bonds to <br />be prepaid shall be chosen by lot by the Bond Registrar. <br />Published notice of redemption shall in each case be given in <br />accordance with law, and mailed notice of redemption shall be <br />given to the paying agent and to each registered holder of the <br />Bonds. <br /> <br />'fa effect a partial redemption of Bonds having a can- <br />mon maturity date, the Bond Registrar prior to giving notice of <br />redemption, shall assign to each Bond having a canmon maturity <br />date a distinctive number for each $5,000 of the principal <br />amount of such Bond. The Bond Registrar shall then select by <br />lot, using such method of selection as it shall deem proper in <br />its discretion, numbers so assigned to such Bonds, as many <br />numbers as, at $5,000 for each number, shall equal the <br />principal amount of such Bonds to be redeemed. The Bonds to be <br />redeemed shall be the Bonds to which were assigned numbers so <br />selected; provided, however, that only so much of the principal <br />amount of each such Bond of a denomination of more than $5,000 <br /> <br />5 <br />
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