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75C-POLICE FACILITIES REV BONDS
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75C-POLICE FACILITIES REV BONDS
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Last modified
1/3/2012 3:29:42 PM
Creation date
1/16/2004 2:13:48 PM
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City Clerk
Doc Type
Agenda Packet
Item #
75C
Date
1/20/2004
Destruction Year
2009
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and delivery thereof; provided, however, that the aggregate amount of the Series 2004A <br />Bonds shall not exceed $42,000,000, the final maturity date of the Series 2004A Bonds <br />shall be no later than July 1, 2024 and the true interest cost applicable to the Series <br />2004A Bonds shall not exceed 5.0% per annum and, provided, further, that such <br />changes, insertions and omissions shall be consistent with the terms of the Series <br />2004A Bonds established by the Purchase Contract as finally executed. <br /> <br /> Section 5. The issuance of not to exceed $42,000,000 aggregate principal <br />amount of the Series 2004A Bonds, in the principal amounts, bearing interest at the <br />rates and maturing on the dates as specified in the Indenture as finally executed, is <br />hereby authorized and approved. <br /> <br /> Section 6. The form of First Assignment Amendment, on file with the <br />Secretary of the Authority, is hereby approved, and the Authorized Officers are each <br />hereby authorized and directed, for and in the name and on behalf of the Authority, to <br />execute and deliver the First Assignment Amendment in substantially said form, with <br />such changes, insertions and omissions therein as the Authorized Officer executing the <br />same may require or approve, such approval to be conclusively evidenced by the <br />execution and delivery thereof. <br /> <br /> Section 7. The form of Purchase Contract, on file with the Secretary of the <br />Authority, is hereby approved, and the Authorized Officers are each hereby authorized <br />and directed, for and in the name and on behalf of the Authority, to execute and deliver <br />the Purchase Contract in substantially said form, with such changes therein as the <br />Authorized Officer executing the same may require or approve, such approval to be <br />conclusively evidenced by the execution and delivery thereof; provided, however, that <br />the underwriter's discount for the sale of the Series 2004A Bonds shall not exceed 5.0% <br />of the aggregate principal amount of such Series 2004A Bonds. <br /> <br /> Section 8. The form of Escrow Agreement, on file with the Secretary of the <br />Authority, is hereby approved, and the Authorized Officers are each hereby authorized <br />and directed, for and in the name and on behalf of the Authority, to execute and deliver <br />the Escrow Agreement in substantially said form, with such changes therein as the <br />Authorized Officer executing the same may require or approve, such approval to be <br />conclusively evidenced by the execution and delivery thereof. <br /> <br /> Section 9. The form of Preliminary Official Statement, on file with the <br />Secretary of the Authority, with such changes, insertions and omissions therein as may <br />be approved by an Authorized Officer, is hereby approved, and the use of the <br />Preliminary Official Statement in connection with the offering and sale of the Series <br />2004A Bonds is hereby authorized and approved. The Authorized Officers are each <br />hereby authorized to cer[ify on behalf of the Authority that the Preliminary Official <br />Statement is deemed final as of its date, within the meaning of Rule 15c2-12 <br />promulgated under the Securities Exchange Act of 1934 (except for the omission of <br />certain final pricing, rating and related information as permitted by such Rule). <br /> <br />FA Resolution No. 2004-001 <br /> Page 5 of 7 <br /> <br /> <br />
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