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SAFA & CITIGROUP GLOBAL (2) - 2004
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SAFA & CITIGROUP GLOBAL (2) - 2004
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Last modified
1/3/2012 2:13:51 PM
Creation date
2/23/2004 3:03:05 PM
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Contracts
Company Name
Santa Ana Financing Authority & Citigroup Global Markets, Inc.
Contract #
A-2004-024
Council Approval Date
1/20/2004
Notes
Water Refunding Revenue Bonds
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<br />A-2004-024 <br /> <br />COpy <br /> <br />f' <br /> <br />SANTA ANAIBPA 1'30.04 DRAFT <br /> <br />$20,110,000 <br />SANTA ANA FINANCING AUTHORITY <br />WATER REFUNDING REVENUE BONDS, SERIES 2004 <br />(payable Solely from Installment Payments <br />Secured by Water System Net Revenues) <br /> <br />BOND PURCHASE AGREEMENT <br /> <br />February 5, 2004 <br /> <br />Santa Ana Financing Authority <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br /> <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br /> <br />Ladies and Gentlemen: <br /> <br />Kinsell, Newcomb & DeDios, Inc. (the "Underwriter"), acting not as fiduciary or agent <br />for you, but on behalf of itself, offers to enter into this agreement (the "Bond Purchase <br />Agreement") with the Santa Ana Financing Authority (the "Authority") and with City of Santa <br />Ana (the "City") which, upon your acceptance of this offer, will be binding upon you and upon <br />the Underwriter. 11ús offer is made subject to your acceptance of this Bond Purchase Agreement <br />on or before 5:00 p.m., California time, on February 5, 2004 and, if this Bond Purchase <br />Agreement is not so accepted, will be subject to withdrawal by the Underwriter upon notice <br />delivered to your office at any time prior to acceptance hereof by you. <br /> <br />I. Purchase and Sale of Bonds. Upon the terms and conditions and upon the basis of <br />the representations and warranties set forth herein, the Underwriter hereby agrees to purchase <br />from the Authority, and the Authority hereby agrees to sell to the Underwriter, an aggregate <br />principal amount of $20,110,000 of the Authority's Water Refunding Revenue Bonds, Series <br />2004 (Payable Solely from Installment Payments Secured by Water System Net Revenues) (the <br />"Bonds"). The aggregate purchase price to be paid by the Underwriter for the Bonds is hereby <br />agreed to be $20,613,316.00, which amount represents the principal amount of the Bonds plus a <br />reoffering premium of $603,866.00, less $100,550.00 representing the Underwriter's discount <br />(such payment and delivery and the other actions contemplated hereby to take place at the time <br />of such payment and delivery being herein sometimes called the "Closing"). <br /> <br />The Bonds shall be dated the date of delivery thereof and shall mature on the dates and in <br />the amounts and shall bear interest at the rates per annum shown in Appendix A hereto. <br /> <br />2. The Official Statement; Continuing Disclosure. The Authority and the City hereby <br />ratify the use by the Underwriter, prior to the date hereof, of the Preliminary Official Statement <br />of the Authority and the City, dated January 28, 2004, relating to the Bonds provided by the <br />
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