Resolution No. 4539 - Laserfiche WebLink

Home Browse Search

1999 2000 2001 2002 2003 300,000 310,000 325,000 340,000 350000 2005 2006 2007 2008 385,000 405,000 420,000 445,000 ADJUSTMENT OF AMOUNT: The City may adjust the principal amount of the Bonds to increase or reduce the principal amount of the Bonds necessary to reflect the cost of escrow securities required to redeem the City's outstanding General Obligation Airport Expansion Bonds, Series 1988 on the date set for their optional redemption. The aggregate principal amount of the Bonds and the cost of the escrow securities will vary depending upon arbitrage yield restrictions and available interest rates for escrow securities. Any increase or reduction in the principal amount of the Bonds shall be in increments of $5,000. Interested bidders may contact the City's financial consultant, Clancy, Gardiner & Pierce, LLC, 115 N.W. First Avenue, Suite 401, Portland, Oregon 97209; telephone (503) 221-1126 on the day prior to the sale for an estimate of the principal amount of the Bonds. The City shall notify the successful bidder of the final sizing within four hours after bids are received. OPTIONAL DESIGNATION OF TERM BONDS AND MANDATORY REDEMPTION: Bidders may designate one or more term bonds. Term bonds must consist of two or more consecutive maturities, and must mature on the maturity date of the last of the consecutive maturities in an amount equal to the sum of the consecutive maturities. Term bonds shall be subject to mandatory redemption at par and by lot, in the amounts and on the dates of the consecutive maturities shown in the preceding section. If no term bonds are designated in the successful bid, the bonds will mature serially pursuant to the schedule indicated above. NOTICE OF REDEMPTION: Notice of any call for redemption, unless waived by the holders of the Bonds to be redeemed, shall be mailed not less than thirty days and not more than sixty days prior to such call to the registered owners of the Bonds, and otherwise given as required by the authorizing Bond Resolution or as otherwise required by the Letter of Representations from the City to The Depository Trust Company and otherwise given as required by law. However, any failure to give notice shall not invalidate the redemption of the Bonds. All Bonds called for redemption shall cease to bear interest from the date designated in the notice. BOOK-ENTRY ONLY: The Bonds are to be issued in book-entry-only form and all bidders for the Bonds must be participants of The Depository Trust Company, New York, New York, or affiliated with its participants. The certificates will be on deposit with The Depository Trust Company. The Depository Trust Company will be responsible for maintaining a book-entry system for recording the interests of its participants for the transfer of the interests among its participants. The participants will be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of the individual purchasers. Individual purchases may be made in the principal amount of $5,000, or any multiple thereof through book entries made on the books and records of The Depository Trust Company and its Page 2 - Exhibit A( 1) J:\RDR\EUGENE.Cfl\ADV-REF.97\RES.DOC