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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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redemptim price equal to 100% of the principal aw.>u<t thereof. <br />without VTOR O, Plus accrued interest to the dote ofion an <br />the series B Special Mandatory Redemption Data (as dsfi in the <br />Indenture) from asiounte ininq in the Series R Acquisition Fund <br />created pursuant to a supple"ntal indenture for from Other source, <br />in an mount equal to such re -wining twaneys) which were not used to <br />purchase GNN.A Certificates or Fannie ?!ae S-,±curities, all as <br />provided in the Indenture. <br />The Series R Term Bonds are also subject to mandatory sinking <br />fund redempt.ion in part (including portions Of Bonds) at a <br />redemption price equal to look of the principal amount thereot plus <br />accrued interest thereon, without premium, on the dates and in the <br />principal amounts set forth in the Indenture. <br />Manner of Selection of Series B Bands for Redemption <br />or Purchase in Part <br />If ;:cries B Bonds are to be redee-.ed or purchased in part on <br />or prior to a Mandatory Tender Date, the Series B Bonds to be 70 <br />redeemed or purchased shall be selected by lot. <br />Redemption and Mandatory Tender Notice <br />Notice of any purchase or redemption of Series R B, -,-vis (other <br />than a purchase or redemption on they Mandatory Tender Date of April <br />1, 1997) shall be given to the registered owners of any Series B <br />Bonds or portions there -of to b<! so re -deemed in the manner describeA <br />abovf-- under "THE `FRIES A F07N1.S -- Redemption Notice and Pay€ttents." <br />Thf- Series B Itonds may be purchased in lieu of redemption as <br />described above under "THF. SERIES A Purchase of Ponds in <br />Lieu of pede-ption." <br />ESTIMATED soUV=G AND USSs OF FNS <br />The proceeds of the Solids, together with certain CIommAtment <br />Fees paid by Participants, will provide funds for the Authority's <br />Program and payment of certain costs of issuance relating to the <br />9ondsThe estimated sources and uses of fund with respect to the <br />Bonds Are as follows: <br />(UM rem t"d er apt this psve incest iasal ly 01aOt ) <br />i• <br />
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