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1993-102
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Last modified
6/15/2020 12:17:57 PM
Creation date
6/15/2020 12:16:24 PM
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Template:
Resolutions
Resolution Number
1993-102
Approved Date
06/08/1993
Subject
Preliminary Official Statement Recreational Revenue Refunding Bonds $10,000,000
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Redemption Period Redemption Price <br />September 1, through August 31, % <br />September 1, through August 31, % <br />September 1, and thereafter % <br />If fewer than all of the Series 1993 Bonds are to be so redeemed, the County may select the maturity <br />or maturities to be. redeemed. If fewer than all of the Series 1993 Bonds of any particular maturity are to be <br />redeemed, the Bond Registrar will select by lot the particular Series 1993 Bonds or portions of Series 1993 Bonds <br />of such maturity to be redeemed. The portion of any Series 1993 Bond of a denomination of more than $5,000 <br />to be redeemed will be in the principal amount of $5,000 or an integral multiple of that sum. <br />Mandatory Redemption <br />The Series 1993 Term Bonds due are subject to mandatory redemption by lot prior to maturity <br />in such manner as shall be determined by the Bond Registrar through amortization installments by operation <br />of the Bond Amortization Account, in the years and amounts set forth below at a price equal to 100% of <br />principal amount. Accrued interest is also payable on the redemption date. <br />Principal <br />Year Amount <br />The Series 1993 Term Bonds due are subject to mandatory redemption by lot prior to maturity <br />in such manner as shall be determined by the Bond Registrar through amortization installments by operation <br />of the Bond Amortization Account, in the years and amounts set forth below at a price equal to 100% of <br />principal amount. Accrued interest is also payable on the redemption date. <br />Principal <br />CL Amount <br />The County may apply moneys in the Bond Amortization Account to the purchase of Series 1993 Bonds <br />subject to mandatory redemption at prices not greater than par plus accrued interest and apply the principal <br />amount of any Series 1993 Term Bonds so purchased as a credit against and in fulfillment of amortization <br />installments required on the Series 1993 Term Bonds of the same maturity. If the County shall purchase or call <br />for redemption in any year Series 1993 Term Bonds in excess of the amortization installment requirement for <br />such year, such excess of Series 1993 Term Bonds so purchased or redeemed shall be credited against subsequent <br />mandatory redemption of the Series 1993 Term Bonds of such maturity at such times and amounts as the County <br />may direct. To the extent the County's obligation to make installments in a particular year is fullidled through <br />such purchases, the likelihood of redemption through such installments of any Registered Owner's Series 1993 <br />Term Bonds of the maturity so purchased will be reduced for such year. <br />
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