82-25 AUTHORIZING, APPROVING, RATIFYING AND CONFIRMING CERTAIN ADDITIONS AND CHANGES TO ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT)

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THE BONDS Description The Bonds will be issued in the aggregate principal amount of $3,300,000, as coupon bonds, registrable as to principal only, in the denomination of $5,000 each, and as fully registered bonds, without coupons, in the denomina- tions of �5,000 and any authorized multiple thereof. Subject to the restric- tions contained in the Indenture, the coupon Bonds and the fully registered Bonds are exchangeable and interchangeable. The Issuer or the Trustee may charge a sum not exceeding $5.00 plus the cost of printing such Bond, if any, for each new Bond issued upon any exchange or transfer, except in certain circumstances described in the Indenture, and shall require payment of any tax or governmental charge required to be paid with respect thereto. The Trustee is not required to transfer or exchange any fully registered Bond during the period of fifteen days next preceding any interest payment date on such Bond, nor to transfer or exchange any Bond after the publication of notice calling such Bond for redemption has been made, nor during a period of five days next preceding publication of a notice of redemption of any Bonds. The coupon Bonds will be dated as of February 1, 1982, and each fully registered Bond will be dated as of the September 1 or March 1 coinciding with or next preceding the date on which the fully registered Bond shall be issued. The Bonds will bear interest at the rate of twelve percent (12X) per annum, and mature on March 1, 1989. Interest on the Bonds is payable on September 1, 1982 and semiannually thereafter on September 1 and March 1 of each year to maturity. No principal payments will be made upon the Bonds prior to maturity unless called for redemption as described below. Principal and interest will be payable at the places and in the manner specified on the cover page of this Official Statement. Redemption Prior to Maturity Optional Redemption - Election The Bonds are subject to redemption by the City at the option of the Partnership, in whole but not in part, on any interest payment date occurring on or after March 1, 1986, at the redemption prices (expressed as percentages of aggregate principal amount) set forth in the table below, plus accrued interest to the redemption date, if the Partnership notifies the Trustee that it has elected to prepay the Note pursuant to the Loan Agreement. Redemption Dates Redemption Prices March 1, 1986 and September 1, 1986 101 X March 1, 1987 and September 1, 1987 100.5X March 1, 1988 and September 1, 1988 100 X 5