Resolution No. 4539 - Laserfiche WebLink

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Section 5. Term Bonds. 5.1. Certain Bonds may be designated as Term Bonds pursuant to the notice of sale and the bid submitted by the successful bidder. Such Term Bonds, if any, shall be subject to mandatory redemption pursuant to the serial bond schedule established in Section 3 hereof. 5.2. Amounts paid to redeem bonds by optional redemption will be applied to reduce the amount of bonds subject to mandatory redemption, if any, in order of scheduled mandatory redemption. Section 6. Optional Redemption. The City reserves the right to redeem all or any portion of the Bonds maturing after January 1, 2003, by lot on January 1, 2003, and on any interest payment date thereafter, at par plus accrued interest to the date fixed for redemption. Section 7. Notice of Redemption of Bonds. 7.1. Notice of Redemption (DTC). So long as the Refunding Bonds are in book-entry form, the Paying Agent shall notify DTC of any early redemption not less than 30 days prior to the date fixed for redemption, and shall provide such information in connection therewith as required by a letter of representation submitted to DTC in connection with the issuance of the Refunding Bonds. 7.2. Notice of Redemption (no DTC). 7.2.1. During any period in which the Refunding Bonds are not in book-entry- form, unless waived by any Owner of the Refunding Bonds to be redeemed, official notice of any redemption of Refunding Bonds shall be given by the Paying Agent on behalf of the City by mailing a copy of an official redemption notice by first class mail postage prepaid at least 30 days and not more than 60 days prior to the date fixed for redemption to the Owner of the Refunding Bond or Bonds to be redeemed at the address shown on the bond register or at such other address as is furnished in writing by such owner to the PaYing Agent. The City shall notify the Paying Agent of any intended redemption not less than 45 days prior to the redemption date. All such official notices of redemption shall be dated and shall state: 7.2.1.1. the redemption date, 7.2.1.2. the redemption price, 7.2.1.3. if less than all outstanding Refunding Bonds are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the Refunding Bonds to be redeemed, Page 3 - Resolution J:\RDR\EUGENE.Cfl\ADV-REF.97\RES.DOC