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NOTICE OF SALE
<br />
<br /> CITY OF SANTA ANA
<br />
<br />ORANGE COUNTY, CALIFORNIA
<br />ASSESSMENT DISTRICT NO. 246
<br />
<br /> NOTICE IS HEREBY GIVEN that sealed proposals will be
<br />received and opened by a representative of the Clerk to the
<br />City Council of the City of Santa Ana, Thursday, August 27,
<br />1981, at the hour of 11:00 o'clock A.M., in the offices of
<br />the financing consultant, STONE & YOUNGBERG MUNICIPAL
<br />FINANCING CONSULTANTS, INC., Suite 400, 1541 Wilshire
<br />Boulevard, Los Angeles, California 90017, for the purchase
<br />of not to exceed $3,500,000 principal amount of improvement
<br />bonds of the City of Santa Ana, designated "Improvement
<br />Bonds, Assessment District No. 246, City of Santa Ana",
<br />issued under and pursuant to the "Municipal Improvement Act
<br />of 1913" and the "Improvement Bond Act of 1915".
<br />
<br /> Proposals for the purchase of the Bonds will be made
<br />and considered subject to the following terms and condi-
<br />tions:
<br />
<br />ISSUE: Not to exceed $3,500,000.
<br />
<br /> DENOMINATION: The bonds will be of the denomination of
<br />$5,000, except for Bond No. 1, which may be issued in an
<br />amount other than $5,000 to represent the difference between
<br />the total amount of bonds and a multiple of $5,000.
<br />
<br /> MATURITIES: The final exact maturity schedule for the
<br />bonds will be determined following the completion of the
<br />cash collection period, estimated to end September 30, 1981.
<br />After the expiration of the cash collection period and prior
<br />to the date of delivery of the bonds, the actual aggregate
<br />amount of bonds to be issued will be certified by the City
<br />Treasurer. The maturity schedule will be arranged so as to
<br />provide for approximately equal annual payments of principal
<br />and interest, with bonds maturing on July 2nd of each year
<br />in multiples of $5,000, except that the first maturity, due
<br />July 2, 1983, may be in an amount other than a multiple of
<br />$5,000. For the purposes of calculating the best bid for
<br />the bonds, the following sample Maturity Schedule, which
<br />assumes that bonds will be issued to represent the full
<br />amount of proposed assessments, shall be used.
<br />
<br />Maturity Bonds Maturity Bonds
<br />Year Maturing Year Maturing
<br />
<br />1983 $ 5,000 1990
<br />1984 125,000 1991
<br />1985 140,000 1992
<br />1986 150,000 1993
<br />1987 170,000 1994
<br />1988 180,000 1995
<br />1989 200,000 1996
<br /> 1997
<br />
<br />$220,000
<br /> 240.000
<br /> 270.000
<br /> 300,000
<br /> 320,000
<br /> 360,000
<br /> 390,000
<br /> 430.000
<br />
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