SAFA & CITIGROUP GLOBAL - 2004 - Laserfiche WebLink

Home Browse Search

A-2004-022 COpy $38,845,000 SANTA ANA FINANCING AUTHORITY POLICE ADMINISTRATION AND HOLDING FACILITY LEASE REVENUE REFUNDING BONDS SERIES 2004A PURCHASE CONTRACT February4,2004 Santa Ana Financing Authority 20 Civic Center Plaza Santa Ana, California 92702 City of Santa Ana 20 Civic Center Plaza Santa Ana, California 92702 Ladies and Gentlemen: The undersigned Citigroup Global Markets Inc. (the "Underwriter"), offers to enter into this Purchase Contract (which, together with Exhibit A, is referred to as the "Purchase Contract") with the Santa Ana Financing Authority (the "Authority") and the City of Santa Ana, California (the "City"), which, upon the acceptance of the Authority and the City, will be binding upon the Authority, the City and the Underwriter. This offer is made subject to acceptance by the Authority and by the City by the execution of this Purchase Contract and delivery of the same to the Underwriter prior to II :59 P.M., California time, on the date hereof, and, if not so accepted, will be subject to withdrawal by the Underwriter upon notice delivered to the Authority and the City at any time prior to the acceptance hereof by the Authority and the City. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Indenture, defined below. Section 1. Purchase and Sale. Upon the terms and conditions and upon the basis of the representations, warranties and agreements herein set forth, the Underwriter hereby agrees to purchase from the Authority and the City, and the Authority and the City hereby agree to issue, sell and deliver to the Underwriter all (but not less than all) of the Santa Ana Financing Authority Lease Revenue Bonds, Series 2004A in the aggregate principal amount of $38,845,000.00 (the "Bonds"). The Bonds will be dated as of their date of delivery. Interest on the Bonds shall be payable semiannually on January I and July I in each year (each an "Interest Payment Date") commencing July I, 2004 and will bear interest at the rates and on the dates as set forth in Exhibit A hereto. The purchase price for the Bonds shall be $41,025,978.59 (which includes an Underwriter' discount of $202,538.21, and an original issue premium in the amount of$2,383,516.80). Section 2. The Bonds. The Bonds shall be secured by Revenues consisting primarily of base rental payments ("Base Rental") to be paid by the City pursuant to a certain Lease Agreement, dated as of March I, 1994, by and between the City and the Authority as modified by the Modification of Lease Agreement, dated as of September I, 1994 and as amended by First Amendment to Lease dated as of February I, 2004 (collectively, the "Lease Agreement"). The DOCSOCII 014263v4\22452.01 02