Ordinance No. 19627 - Laserfiche WebLink

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price} of advance refunding certificates of participation the "19$9 Refunding Certificates"}. The 1989 Refunding Certificates are to be issued for the purpose of providing for the payment and retirement of the outstanding 1955 Refunding Certificates and to pay the casts of issuance of the 1989 Refunding Certificates. The 1959 Refunding Certif Kates shall be serial negotiable advance refunding certificates of participation bearing interest payable semi--annually on the first day of June and the first day of December, commencing December 1, 1989 until June 1, 2005, the date of final maturity, or earlier if redeemed. Any maturity of the 1989 Refunding Certificates may be structured as Capital Appreciation Certificates ~ "Capital Appreciation Certificates" } which do not pay interest semi-annually but are sold to the initial purchaser with original issue discount and accrete in value to equal the face amount of such certificate at its stated maturity. The 1989 Refunding Certificates shall be payable in funds which at the time of payment are legal tender for the payment of public and private debts within the United States of America. Section 2 . Maturity of Advance Refunding Certificates . The 1989 Refunding Certificates shall be entitled "1989 Advance Refunding Certificates of Participation Evidencing an Ownership Interest in a Lease-Purchase Agreement with City of Eugene, Lane County, Oregon ~~`~Community Conference Center}" and shall bear the manual or facsimile signature of an authorized officer of First Inter state Bank of Oregon, N. A. , as Trustee . In addition, the City Council does hereby approve of the Certificate Registrar executing the Certificate of Authentication as of the date of delivery of the 1989 Refunding Certificates. The 1959 Refunding Certificates shall be issued in fully registered form, shall be in denominations of Five Thousand Dollars x$5,000} each, or any ,integral multiple thereof, shall be issued as printed certificates, shall be dated as of August 1, 1989, except far any Capital Appreciation Certificates which shall be dated as of the date of delivery to the initial purchaser, and shall be numbered sequentially beginning .with R-1, and shall mature serially in annual installments on the first day of June, in approximate nor amn~lnt_ ~ . a ~ f n~ ~ nr,,~c Par Par Year ~~ Amount Year Amount 1992 $250,000.00 1999 $650,D00.00 1993 450,000.00 2000 695,000.00 1994 48D,DQD.00 2001 745,000.00 1995 505,000.00 2002 332,874.45 1996 545,000.00 2003 311,043.75 1997 5$0,D00.00 2004 290,644.05 1995 610,000.00 2005 271,579.95 ORDINANCE -~ Page 3.