Ordinance No. 19627 - Laserfiche WebLink

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Redemption Date Redemption Price June 1, 1995 or December 1, 1995 10.0% June 1, 1986 or December 1, 1996 101.0% June 1, 1997 or December 1, 1997 100.5% June 1, 199$ and thereafter 100.0% Section 14. Extraordinary Redemption. ~ a ~ All of the then outstanding 1989 Refunding Certificates may be called for redemption by the Trustee on any Interest Payment Date at par to the redemption date, for the 19$9 Refunding Certificates paying interest semi- annually and at the 1989 Compound Accreted Value for Compound Appreciation Certificates, plus accrued interest to the redemption date, in those events described in Sections 3.Ol~b} of the Refunding Indenture. ~b ~ I fan Event of Taxability occurs as set forth in Section 3.03 of the Refunding Indenture, all outstanding 1989 Refunding Certificates shall be redeemed on the next Interest Payment Date which is not earlier than sixty X60} days following the Event of Taxability at par for the 1989 Refunding Certificates paying interest semi--annually and at the 1989 Compound Accreted Value for Compound Appreciation Certificates, plus accrued interest to the redemption date. Written notice to the Trustee of the redemption of the 1989 Refunding Certificates must be given by the City within 30 days after the City receives written notice of the occurrence of any Event of Taxability. ~ c ~ All of the then outstanding 1989 Refunding Certificates may be called for redemption by the Trustee on any Interest Payment Date commencing June 1, 1992 through December 1, 1994 at 102 a of the principal amount for the 1989 Refunding Certificates paying interest semi-annually, and 102 % of the 1989 Compound Accreted Value for Compound Appreciation Certificates, plus accrued interest to the redemption date, in the event the Community Conference Center is sold pursuant to the Amended Hotel/Conference Center Agreement among the City, the Agency and the Eugene Hotel Partnership Limited -- 1987, an Oregon partnership, dated December 16, 1987. Section 15 . Redemption of 1985 Refunding Certificates . All of the 1985 Refunding Certificates then outstanding are irrevocably designated for redemption on June 1, 1994. The Escrow Agent as the Trustee for the 1985 Refunding Certificates is directed to exercise its election to call and redeem such outstanding certificates and shall cause notice of redemption to be given in the manner provided by law and in accordance with the ORDINANCE -- Page 7.