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RESOLUTION NO. 95-75
<br />The Series 1995 Bonds will mature on July 1 of the following years in the following principal amounts:
<br />Principal
<br />Amount*
<br />Principal
<br />Amount *
<br />1996
<br />$720,000
<br />2004
<br />1,015,000
<br />1997
<br />745,000
<br />2005.
<br />1,070,000
<br />1998
<br />780,000
<br />2006
<br />1,120,000
<br />1999
<br />810,000
<br />2007
<br />11180,000
<br />2000
<br />845,000
<br />2008
<br />1,245,000
<br />2001
<br />885,000
<br />2009
<br />1,310,000
<br />2002
<br />925,000
<br />2010
<br />1,380,000
<br />2003
<br />970,000
<br />Redemption Provisions
<br />Series 1995 Bonds or portions thereof maturing m the years 1996 to 2003, both inclusive, are not
<br />redeemable prior to their stated dates of maturity. Series 1995 Bonds or portions thereof maturing on July 1,
<br />2004 and thereafter are redeemable prior to their states dates of maturity, at the option of the County as a whole
<br />or in part on July 1, 2003, or on any date thereafter, in such manner approved by the County, at a redemption
<br />price (expressed as a percentage of the principal amount thereof as set forth in the table below), together with
<br />accrued interest on the par amount so redeemed to the redemption date, if redeemed in the following periods:
<br />Redemption Period Redemption Price
<br />(both dates inclusive) (Percentage of Par)
<br />July 1, 2003 to June 30, 2004 10296'
<br />July 1, 2004 to June 30, 2005 101
<br />July 1, 2005 and thereafter 100
<br />�t� { •1 7 i i'TT1 ,
<br />After final computation of the bids, to achieve desired debt service levels as described m "Security"
<br />below, the County reserves the -right either to increase or decrease any Principal Amount of the Series 1995
<br />Bonds (or any Amortization Installment in the case of a Term Bond) shown on the schedule of Principal
<br />Amounts set forth above (the "Maturity Schedule"), by an amount not to exceed five percent (596) of the stated
<br />amount of each such Principal Amount on the Maturity Schedule and correspondingly adjust the issue size, all
<br />calculations to be rounded to the nearest $5,000.
<br />In the event of any such adjustment, no rebidding or recalculation of the bid submitted will be required
<br />or permitted. If necessary, the total purchase price of the Series 1995 Bonds will be increased or decreased in
<br />direct proportion to the ratio that the adjustment bears to the aggregate principal amount of the Series 1995
<br />Bonds specified herein; and the Series 1995 Bonds of each maturity, -as adjusted, will bear interest at the same
<br />rate and must have the same initial reoffering yields as specified in the bid of the Successful Bidder. However,
<br />the award will be made to the bidder whose bid produces the lowest true interest cost, calculated as specified
<br />below, solely on the basis of the Series 1995 Bonds offered pursuant to the Bid Maturity Schedule, without taking
<br />into account any adjustment in the amount of Series 1995 Bonds set forth in the Bid Maturity Schedule.
<br />June 20, 1995
<br />56A b00K 5 P* 50
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