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1991-080
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1991-080
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Last modified
5/10/2017 12:31:30 PM
Creation date
5/10/2017 12:19:44 PM
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Template:
Resolutions
Resolution Number
1991-080
Approved Date
07/23/1991
Resolution Type
Bonds
Entity Name
Bond Purchase Agreement Authorization
Subject
Recreational Revenue Bonds Series 1991
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EXHIBIT "A" <br />MATURITIES, AMOUNTS, INTEREST RATES AND PRICES <br />MATURITIES AMOUNT INTEREST RATE PRICE <br />September 1, 1994 $ 125,000 5.35% <br />September 1, 1995 130,000 5.55 <br />September 1, 1996 135,000 5.70 <br />September 1, 1997 145,000 5.75 <br />September 1, 1998 155,000 5.90 <br />September 1, 1999 165,000 6.00 <br />September 1, 2000 170,000 6.10 <br />September 1, 2001 185,000 6.20 <br />September 1, 2006 1,110,000 6.75 <br />September 1, 2011 1,545,000 6.85 <br />September 1, 2016 2,150,000 6.75 <br />REDEMPTION <br />100.000 <br />100.000 <br />100.000 <br />99.495 <br />99.713 <br />99.370 <br />99.314 <br />99.262 <br />99.250 <br />99.727 <br />97.750 <br />Optional Redemption <br />The Series 1991 Bonds maturing on or before September 1, 1999 will <br />not be subject to optional redemption by the County. Bonds <br />maturing on or after September 1, 2000 are subject to redemption <br />prior to maturity at the option of the County, in whole or in <br />part on any date, on or after September 1, 1999. The County may <br />select the maturities of the Series 1991 Bonds to be redeemed and <br />if less than all bonds of a maturity are to be called for <br />redemption, the selection of the particular Series 1991 Bonds to <br />be called for redemption shall be by lot in any customary manner <br />of selection as designated by the County, and any such redemption, <br />either in whole or in part, shall be made at the following prices <br />(expressed below as a percentage of the principal amount being <br />redeemed), plus accrued interest to the redemption date: <br />Redemption Period <br />(Both dates inclusive) <br />Redemption Price <br />September 1, 1999 through August 31, 2000 102% <br />September 1, 2000 through August 31, 2001 101 <br />September 1, 2001 through August 31, 2002 100 <br />
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