RES 02047 - Laserfiche WebLink

The terms of the Bonds and other information regarding the security for the Bonds and the City are contained in a preliminary official statement circulated together with this notice of sale. Potential bidders for the Bonds should read the preliminary official statement prior to bidding on the Bonds, All of the information contained in this notice of sale regarding the terms of and security for the Bonds is qualified in its entirety by reference to the prclllninary official statement and the Bond indenture. The preliminary official statement is incorporated by reference in its entirety into this notice of sale. Denomination: The Bonds will be issued in denominations of $5.000 or any integral multiple of $5.000, as specified by the successful bidder. Date: The Bonds will be dated the Date of Delivery. Interest Payment: Interest will be paid on September 1 and March 1. beginning September I. 2002. Maturities: The Bonds will mature on September 1 in each of the years as follows: Due Date ~002 2003 2004 2005 2006 2007 2009 2009 Principal Amount $260.000 325.000 335.000 345.000 360.000 375.000 400.000 420.000 Prepayment: The Bonds are subject to call and redemption prior to maturity without premium as described in the preliminary official statement. Sinking Fund Prepayment: Any bidder may. at its option. specify that one or morc maturities of the Bonds will consist of term Bonds which are subject to mandatory sinking fund prepayment in consecutive years immediately preceding the maturity thereof. as designated in the bid of such bidder. In the event that the bid of the successful bidder specifies that any maturity of Bonds will be tenn Bonds. such term Bonds will be subject to mandatory sinking fund prepayment on September I in each year so designated in the bid. in the respcctive amounts for such years as set forth above under the heading "Maturities:' at a prepayment price equal to the principal amount thereof to be prepaid together with accrued interest thereon to the prepayment date. \\,: "".1 premium. Book-Entry Registration and Payment: As further described in the preliminary official statement. the Bonds will be issued as fully registered bonds and. when issucd. will be registered in the name of Cede & Co.. as nominee of The Depository Trust Con~:'3ny. New York. New York ("DTC"). DTC will act as securities depository for the Bonds. lndivlci~al purchases of the Bonds will be made in book-entry form only. in principal amounts of $5.000. or any integral multiple thereof. Payment of principal of. redemption price. if applicable. and intcrest on thc Bonds are to be made to purchasers by DTC through the DTC participants (as such term is used in the ,