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1995-152
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1995-152
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Last modified
3/11/2019 3:08:10 PM
Creation date
3/11/2019 3:00:22 PM
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Resolutions
Resolution Number
1995-152
Approved Date
12/05/1995
Resolution Type
Housing
Entity Name
Escambia County Housing Finance Authority
Interlocal Agreement
Subject
TEFRA single Family Mortgage Revenue Bonds
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Amount and e t he i u n-; t , a :i , i Prograa Rxpens*s , t ho -ries A bonds *hall <br />be I !'dermpd f r C -n sl7( 11 ->n-ye for f It tat her sr-mirces in amounts <br />equal to Auc h m<-npyr,) i1 the next date for which notice can be <br />given, in whale, at a 7-1eeption prigs equal to lool of thy! <br />principal amnlint t )1-tF(-,f , without prealuw, plus accrued inte"at to <br />the Iedrr-1)tion datf- . <br />It is possible that a substantial portien of the Series A <br />Bonds may be called for Mandatory Red*,rptir.•n without prfamius <br />because of Principal Prepayments and Excess Revenues Frans€err9f <br />from the ,.eneral. Fund pursuant to the Indenture. See additional <br />riakR discussed under. "PROGRAM ASSUMPTIONS AND BONDHOLDERS' RISKS" <br />herein. <br />OPLiclial R !, ion. (i) The -Series A Bonds r°aturing on or <br />after October 1, 2006 are f_.ublec-t to redemption, at the option of <br />the Authority, in whole or in part, on any date on er after April <br />1, 2006, in milli -num aggregate principal amounts of $100,000 .end <br />integral mu 1.tipl,es of $5,000 in excess of $10o,o00 At: the <br />redemption price (expressed as percentages of principal amount) <br />Set forth below, together with accrued interest to the date of <br />redemption: <br />Redempt ic?n <br />Bs3i�Li.=u_.L_,aS.,t __ i rids <br />April. 1, 2006 through March 31, 2007 1021 <br />April. 1, 2007 tti cough March 31, ; 006 101 <br />April 1, 2008 ar;i thereaf.ter 100 <br />(ii) The " i i e: A B ,nds may, it the direction of the <br />Aut.horit y, t f� r (a: f3rrfA in whole at illy time on of after April 1. <br />2000 at the red( -pt iun pi ices above, if paoeeeds of the sale of the <br />Serien A Mortgage Certificates pursuant to the indenture together <br />with certain other rar>neys on deposit with the Trustee, will be <br />s-uf.ficient to aedeem all of the Bonds in accordance with the <br />l ndant. urr and to pay redemption premiums. if any, expenses of such <br />i—Jemption, and any unpaid Trustee Pass and expenses and Rabat* <br />Aanr;unt . see "M INITPffTURS - Lei scharge of Indenture• herein. <br />(iii) At the direction of the Authority, the Settee A Bonds soy <br />tar redeeaand in whole or in part on any data, without premium, tram <br />moneys iaweeted under theaapppplicable Investment Agreement in the <br />event of a d*tault by the applicable Inw*tsisat Agreement Psanidss <br />under WA* Investment Agrommont. all as provided to the Indenture <br />ftere *hall be no optional todnapt rax of the settee A Bae& to <br />Itt to the Indenture. airless tis rgwmoe ams prevtAsd tanto <br />a cid Ii+ C*" at t Cata "Seal@ UW 11"mi rwootm re" I n d bw• e <br />to atlaRata the thea c+t moot M A4 as t` MIaM a •oafs <br />'t` estas r1► amoclustvelam arty t,�nes am* oar Flaw CamIt tette to <br />ri <br />aae■ra,t "a wi tb apt sa- edd las at tis Serum a Oosr <br />tier r i� r o • . t i . H JON . iT 1. Isis Mrd' 1 4raw as <br />1 <br />asoriarL"T 1"dow &,oe to Net a mW von1r ez <br />6 <br />
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