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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, Monday, November 2, <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 October 23, 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 $220 <br />1984 125,000 1991 240 <br />1985 140,000 1992 270 <br />1986 150,000 1993 300 <br />1987 170,000 1994 320 <br />1988 180,000 1995 360 <br />1989 200,000 1996 390 <br /> 1997 430 <br /> <br /> 000 <br /> 000 <br /> 000 <br />000 <br />000 <br />000 <br />000 <br /> 000 <br /> <br /> <br />