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Item 38 - Water Revenue Bonds
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06/04/2024
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Item 38 - Water Revenue Bonds
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5/30/2024 4:20:09 PM
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5/29/2024 6:13:54 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
38
Date
6/4/2024
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specified by the Authority) on or after September 1, 20 at a redemption price equal to 100% of the principal <br />amount of the Bonds to be redeemed together with accrued interest to the date of redemption without a premium. <br />Mandatory Sinking Fund Redemption. The Bonds maturing on September 1, , are subject to <br />mandatory sinking fund redemption prior to maturity on September 1, , and on each September 1 thereafter <br />to maturity by lot; from sinking fund payments at a redemption price equal to the principal amount to be redeemed, <br />together with accrued interest to the date of redemption, without premium as follows: <br />Bonds Maturing September 1, <br />Redemption Date Sinking Fund <br />(September 1) Pavment <br />(final maturity) <br />The Bonds maturing on September 1, , are subject to mandatory sinking fund redemption prior to <br />maturity on September 1, , and on each September 1 thereafter to maturity by lot; from sinking fund <br />payments at a redemption price equal to the principal amount to be redeemed, together with accrued interest to <br />the date of redemption, without premium as follows: <br />Bonds Maturing September 1, <br />Redemption Date Sinking Fund <br />(September 1) Pavment <br />(final maturity) <br />Purchase of Bonds. In lieu of payment at maturity or redemption, moneys in the Bond Fund may be used <br />and withdrawn by the Trustee for purchase of Outstanding Bonds, upon the filing with the Trustee of a Certificate <br />of the City requesting such purchase, at public or private sale as and when, and at such prices (including brokerage <br />and other charges) as such Certificate of the City may provide, but in no event may Bonds be purchased at a price <br />in excess of the principal amount thereof, plus interest accrued to the date of purchase. <br />Notice of Redemption; Conditional Notice. Notice of redemption shall be given by the Trustee, not less <br />than 30 nor more than 60 days prior to the redemption date to (i) the respective Owners of the Bonds designated <br />for redemption at their addresses appearing on the registration books of the Trustee by first class mail and (ii) the <br />Securities Depositories and the Information Services by certified or registered mail or overnight delivery. Each <br />notice of redemption shall state the date of such Bonds the CUSIP number (if any) of the maturity or maturities, <br />and, if less than all of any such maturity is to be redeemed, the distinctive certificate numbers of the Bonds of <br />such maturity, to be redeemed and, in the case of the Bonds to be redeemed in part only, the respective portions <br />of the principal amount to be redeemed. Each such notice shall also state that on said date there will become due <br />and payable on each of said Bonds and in the case of a Bond to be redeemed in part only, the specified portion of <br />the principal amount to be redeemed, together with interest accrued to the redemption date, and that from and after <br />such redemption date interest shall cease to accrue, and shall require that such Bonds be then surrendered at the <br />address of the Trustee specified in the redemption notice. <br />With respect to any notice of optional redemption of the Bonds, such notice shall state that such <br />redemption shall be conditional upon the receipt by the Trustee on or prior to the date fixed for such redemption <br />of moneys sufficient to pay the principal of, premium, if any, and interest on such Bonds to be redeemed and that, <br />
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