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Last modified
7/17/2007 8:38:54 AM
Creation date
12/2/2004 9:30:40 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9518
Resolution Title
Providing for public sale of $13,280,000 of General Obligation Tax Increment Refunding Bonds, Series 1998 (1/26/98).
Resolution Date Passed
1/26/1998
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<br />payable by the Issuer to DTC or its <br />nominee as registered owner of the <br />bonds. Transfer of principal and <br />interest payments to participants <br />of DTC will be the responsibility <br />of DTC¡ transfer of principal and <br />interest payments to beneficial <br />owners by participants will be the <br />responsibility of such participants <br />and other nominees of beneficial <br />owners. The successful bidder, as <br />a condition of delivery of the <br />bonds, will be required to deposit <br />the bond certificates with DTC. <br /> <br />DATE OF ORIGINAL <br />ISSUE OF BONDS: <br /> <br />March IS, I998. <br /> <br />PURPOSE: <br /> <br />To provide money, together with <br />other available funds, to refund in <br />advance of their stated maturity <br />the currently outstanding General <br />Obligation Tax Increment Refunding <br />Bonds, Series I992, dated <br />February I, I992 of the City. <br /> <br />INTEREST PAYMENTS: <br /> <br />September I, I998, and semiannually <br />thereafter on March I and <br />September 1 to registered owners of <br />the bonds appearing of record in <br />the bond register as of the close <br />of business on the fifteenth (15th) <br />day (whether or not a business day) <br />of the immediately preceding month. <br /> <br />MATURITIES: <br /> <br />March I in each of the years and <br />amounts as follows: <br /> <br />Year <br /> <br />~ <br />Amount <br /> <br />2000 <br />200I <br />2002 <br />2003 <br />2004 <br />2005 <br />2006 <br /> <br />$1,675,000 <br />1,745,OOO <br />l,8I5,OOO <br />1,890,000 <br />1,965,000 <br />2,050,000 <br />2,140,000 <br /> <br />Bids for the bonds may contain a <br />maturity schedule providing for any <br />combination of serial bonds and <br />term bonds, subject to mandatory <br />redemption, so long as the amount <br /> <br />375642. 1 <br /> <br />B-2 <br />
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