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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
1/28/2016 1:50:17 PM
Creation date
1/28/2016 1:50:14 PM
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Resolution/Ordinance
Res Ord Num
2003-54
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $34,000,000 GENERAL OBLIGATION REFUNDING BONDS AND PROVIDING FOR THE LEVY COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
9/2/2003
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. � <br /> � + <br /> GENERAL OBLIGATION REFUNDING BONDS,SERIES 2000 <br /> Original Principal Amount: $29,060,000. <br /> Dated: February 1,2000. <br /> Originally Due Serially on Mazch 1 in the yeazs 2001-2019,2021 and 2025. I <br /> Amount Remaining Outstanding: $26,295,000. li <br /> Refunded Bonds Due March 1 as follows: I, <br /> YEAR AMOUNT($) RATE(%) II <br /> 2004 640,000 5.375 I, <br /> 2005 675,000 5.375 ; <br /> 2006 705,000 5.375 <br /> 2007 745,000 5.500 <br /> 2008 780,000 5.500 <br /> 2009 825,000 5.500 , <br /> 2010 870,000 5.500 <br /> 2011 915,000 5.500 <br /> 2012 965,000 5.500 <br /> 2013 1,020,000 5.600 <br /> 2014 1,080,000 5.700 <br /> 2015 1,140,000 5.750 <br /> 2016 1,205,000 5.800 <br /> 2017 1,280,000 5.875 <br /> 2018 1,355,000 5.875 <br /> 2019 1,435,000 5.875 <br /> 2021 3,135,000 6.000 <br /> 2025 7,525,000 6.000 <br /> of which bonds those maturing on and after March 1, 2009 shall be called for redemption on <br /> their March l, 2008, ca11 date at the redemption price of par plus accrued interest (such bonds <br /> actually being refunded as set forth in the hereinafter de�ned Escrow Agreement being the <br /> "Refunded Bonds"); and <br /> W�xEAs the Refunded Bonds beaz interest at higher rates than those cunently available <br /> in the bond markets,and may be advance refunded for net debt service savings; and <br /> WxEREAs pursuant to the hereinafter defined Act, the City is authorized to issue general <br /> obligation bonds to accomplish the refunding of the Refunded Bonds (the "Refunding") and it is <br /> -2- <br />
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