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2000-02 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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2000-02 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
3/8/2016 10:19:29 AM
Creation date
3/8/2016 10:19:25 AM
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Resolution/Ordinance
Res Ord Num
2000-02
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $30,660,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2000, AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
2/7/2000
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� ' <br /> 2014 $2,405,450 for interest and principal <br /> n n n <br /> 2015 $2,392,600 for interest and principal <br /> n n n <br /> 2016 $2,374,500 for interest and principal <br /> � � � <br /> 2017 $2,356,150 for interest and principal <br /> n n n <br /> 2018 $2,337,200 for interest and principal <br /> n n n . <br /> 2019 $2,322,300 for interest and principal <br /> n n n <br /> 2020 $2,305,750 for interest and principal <br /> n n n <br /> �021 $2,287,200 for interest and principal <br /> n n n <br /> 2022 $2,271,300 for interest and principal <br /> � � � <br /> n n n <br /> 2023 $2,252,350 for interest and principal <br /> Such levy sha11 be extended for collection in such amount as to provide for payment to the City <br /> in a ti.mely manner of the amount levied after provision has been made for loss and cost (if any) <br /> of collection. <br /> The Pledged Taxes and other moneys (excepting proceeds of the Bonds) on deposit <br /> (collectively, the "Bond Moneys") in the Bond Fund shall be applied to pay principal of and <br /> interest on the Bonds. <br /> Interest or principal coming due at any time when there are insufficient funds on hand <br /> from the Pledged Taxes to pay the same shall be paid promptly when due from cunent funds on <br /> hand in advance of the collection of the Pledged Taxes herein levied; and when the Pledged <br /> Taxes shall have been collected, reimbursement shall be made to said funds in the amount so <br /> advanced. The City covenants and agrees with the purchasers and registered owners of the Bonds <br /> that so long as any of the Bonds remain outstanding, the City will take no action or fail to take <br /> any action which in any way would adversely affect the ability of the City to levy and collect the <br /> foregoing tax levy. The City and its officers will comply with all present and future applicable <br /> -24- <br />
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