HomeMy WebLinkAbout880066.tiff RESOLUTION
RE: AUTHORIZE CHAIRMAN TO SIGN CERTAIN DOCUMENTS REGARDING SERIES
1988A TAX ANTICIPATION NOTES
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, the Board did, by Resolution dated January 4 , 1988 ,
approve the issuance of Tax Anticipation Notes, Series 1988A, and
WHEREAS, the Board has now been presented with certain
documents regarding the issuance of said Tax Anticipation Notes,
and
WHEREAS, the Board deems it advisable to authorize the
Chairman to sign said documents, copies of which are attached
hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the Chairman be, and
hereby is, authorized to sign all necessary documents regarding
the issuance of Tax Anticipation Notes, Series 1988A.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 27th day of
January, A.D. , 1988 .blijielvic.� BOARD OF COUNTY COMMISSIONERS
ATTEST: T�� J WELD COUNTY, COLORADO
Weld County Clerk and Recorder EXCUSED
and Clerk to the Board Gene R. Brantner, Chairman
/1/4.-7/,hr
BX: p-�}�j� ILL-F(A) C.W. Kirby, Prem
eputy County erk
APPROVED AS TO FORM: J cq i J son
27
ac ,
County Attorney
Frank amaguchi
�O00,l r
/ 6 6/ ��. / fr j�. 880066
UNITED STATES OF AMERICA
STATE OF COLORADO
COUNTY OF WELD
TAX ANTICIPATION NOTE
SERIES 1988A
No . R-1 $2, 150, 000
Weld County, Colorado (the County) , for value received,
hereby promises to pay to the registered owner hereof as shown on
the registration panel attached hereto from ad valorem taxes on
real and personal property, investment proceeds on such taxes,
and proceeds of the notes of this issue to the extent not
required for the payment of duly budgeted current expenses,
received by the County in the fiscal year ending December 31 ,
1988, and credited to the general fund after the issuance hereof,
on December 30, 1988, the principal sum of Two Million One
Hundred Fifty Thousand Dollars ( $2 , 150, 000) together with
interest thereon from the date hereof to the maturity date hereof
at the rate of five and three-eighths percent (5 . 375%) per annum,
based upon the actual number of days elapsed in a month of
30 days and a year of 360 days, said interest in the amount of
One Hundred Six Thousand Eight Hundred Ninety-Five Dollars and
Thirty-One Cents ($106, 895 . 31 ) being payable at maturity.
This Note is issued by the Board of County
Commissioners of the County, on behalf of the County, in
accordance with part 1 of article 15 of title 29 , Colorado
Revised Statutes, as amended ( the Act) , and pursuant to a
Resolution (the Resolution) of the Board of County Commissioners
of the County duly adopted prior to the issuance hereof in order
to pay duly budgeted current expenses of the general fund of the
County. Reference is hereby made to the Act and the Resolution
for a complete statement of the rights and limitations of rights
of the registered owner of this Note, to all of which the
registered owner hereof by acceptance of this Note assents.
This Note is not subject to redemption in whole or in
part at any time prior to its maturity date .
The principal of and interest on this Note are payable
upon presentation and surrender hereof at the office of the
County Clerk, as paying agent, either by check or draft mailed to
the registered owner hereof or by wire transfer to such bank or
other depository as the registered owner hereof' shall designate .
This Note is transferable only upon the books of the
County by the County Clerk, as transfer agent.
It is hereby certified, recited and warranted that all
acts, conditions and things required to be done , occur or be
880066
performed precedent to and in the issuance of this Note have been
done, have occurred and have been performed in regular and due
form and manner as required by law and that the obligations
represented by this Note do not contravene any constitutional or
statutory limitation of the State of Colorado.
IN TESTIMONY WHEREOF the County has caused this Note to
be executed in its name with the manual signature of the Chairman
of the Board of County Commissioners, to be sealed with the seal
of the County, and to be attested with the manual signature of
the County Clerk, all as of the 27th day of January, 1988.
WELD COUNTY, COLORADO
(COUNTY)
( SEAL ) By:
Chairman of the Board of
County Commissioners
ATTEST:
L1 i) ^ 1
Count' Clerk
680066
2
This Note is registered with the County Clerk, as registrar, in
the name of the owner listed below, and the principal of and
interest on this Note are payable only. to such owner. - .
Date of Name, Address and Tax I .D. Signature of
Registration Number of Registered Owner Registrar
January 27 , 1988 Sunfish & Company L72)3 j3 .• ..-:f
333 West Wacker Drive �1
Room 3222
Chicago, Illinois 60606
Tax I .D. No. 36-3189984
3 880066
UNITED STATES OF AMERICA
STATE OF COLORADO
COUNTY OF WELD
TAX ANTICIPATION NOTE
SERIES 1988A
No. R-2
$500, 000
Weld County, Colorado (the County) , for value received,
hereby promises to pay to the registered owner hereof as shown on
the registration panel attached hereto from ad valorem taxes on
real and personal property, investment proceeds on such taxes,
and proceeds of the notes of this issue to the extent not
required for the payment of duly budgeted current expenses,
received by the County in the fiscal year ending December 31,
1988, and credited to the general fund after the issuance hereof,
on December 30, 1988, the principal sum of Five Hundred Thousand
Dollars ( $500, 000) together with interest thereon from the date
hereof to the maturity date hereof at the rate of five and
three-eighths percent (5 . 375%) per annum, based upon the actual
number of days elapsed in a month of 30 days and a year of 360
days, said interest in the amount of Twenty-Four Thousand Eight
Hundred Fifty-Nine Dollars and Thirty-Seven Cents ( $24, 859 . 37)
being payable at maturity.
This Note is issued by the Board of County
Commissioners of the County, on behalf of the County, in
accordance with part 1 of article 15 of title 29 , Colorado
Revised Statutes, as amended ( the Act) , and pursuant to a
Resolution ( the Resolution) of the Board of County Commissioners
of the County duly adopted prior to the issuance hereof in order
to pay duly budgeted current expenses of the general fund of the
County. Reference is hereby made to the Act and the Resolution
for a complete statement of the rights and limitations of rights
of the registered owner of this Note, to all of which the
registered owner hereof by acceptance of this Note assents .
This Note is not subject to redemption in whole or in
part at any time prior to its maturity date .
The principal of and interest on this Note are payable
upon presentation and surrender hereof at the office of the
County Clerk, as paying agent, either by check or draft mailed to
the registered owner hereof or by wire transfer to such bank or
other depository as the registered owner hereof shall designate.
This Note is transferable only upon the books of the
County by the County Clerk, as transfer agent.
It is hereby certified, recited and warranted that all
acts, conditions and things required to be done, occur or be
880066
performed precedent to and in the issuance of this Note have been
done, have occurred and have been performed in regular and due
form and manner as required by law and that the obligations
represented by this Note do not contravene any constitutional or
statutory limitation of the State of Colorado.
IN TESTIMONY WHEREOF the County has caused this Note to
be executed in its name with the manual signature of the Chairman
of the Board of County Commissioners, to be sealed with the seal
of the County, and to be attested with the manual signature of
the County Clerk, all as of the 27th day of January, 1988 .
WELD COUNTY, COLORADO
(COUNTY) ✓/���
( SEAL ) By:
Chairman of the Board of
County Commissioners
ATTEST:
Count , Clerk
880066
2
This Note is registered with the County Clerk, as registrar, in
the name of the owner listed below, and the principal of and :
interest on this Note are payable only to such owner.
Date of Name, Address and Tax I .D. Signature of
Registration Number of Registered Owner Registrar
January 27, 1988 House & Co. `r✓� u�'l
First Interstate Bank of Denver `"'`" 7)1{12 "vtr�,r'
Attn: Safekeeping
633 Seventeenth Street
Denver, Colorado 80270
Tax I .D. No . 84-0884401
3
880066
UNITED STATES OF AMERICA
STATE OF COLORADO
COUNTY OF WELD
TAX ANTICIPATION NOTE
SERIES 1988A
No . R-3
$500, 000
Weld County, Colorado (the County) , for value received,
hereby promises to pay to the registered owner hereof as shown on
the registration panel attached hereto from ad valorem taxes on
real and personal property, investment proceeds on such taxes,
and proceeds of the notes of this issue to the extent not
required for the payment of duly budgeted current expenses,
received by the County in the fiscal year ending December 31,
1988, and credited to the general fund after the issuance hereof,
on December 30, 1988, the principal sum of Five Hundred Thousand
Dollars ( $500, 000) together with interest thereon from the date
hereof to the maturity date hereof at the rate of five and
three-eighths percent ( 5 . 375%) per annum, based upon the actual
number of days elapsed in a month of 30 days and a year of 360
days, said interest in the amount of Twenty-Four Thousand Eight
Hundred Fifty-Nine Dollars and Thirty-Eight Cents ( $24, 859 . 38)
being payable at maturity.
This Note is issued by the Board of County
Commissioners of the County, on behalf of the County, in
accordance with part 1 of article 15 of title 29 , Colorado
Revised Statutes , as amended ( the Act) , and pursuant to a
Resolution ( the Resolution) of the Board of County Commissioners
of the County duly adopted prior to the issuance hereof in order
to pay duly budgeted current expenses of the general fund of the
County. Reference is hereby made to the Act and the Resolution
for a complete statement of the rights and limitations of rights
of the registered owner of this Note, to all of which the
registered owner hereof by acceptance of this Note assents.
This Note is not subject to redemption in whole or in
part at any time prior to its maturity date .
The principal of and interest on this Note are payable
upon presentation and surrender hereof at the office of the
County Clerk, as paying agent, either by check or draft mailed to
the registered owner hereof or by wire transfer to such bank or
other depository as the registered owner hereof shall designate .
This Note is transferable only upon the books of the
County by the County Clerk, as transfer agent.
It is hereby certified, recited and warranted that all
acts, conditions and things required to be done, occur or be
880066
performed precedent to and in the issuance of this Note have been
done; have occurred and have been performed in regular and due
form and manner as required by law and that the obligations
represented by this Note do not contravene any constitutional or
statutory limitation of the State of Colorado .
IN TESTIMONY WHEREOF the County has caused this Note to
be executed in its name with the manual signature of the Chairman
of the Board of County Commissioners, to be sealed with the seal
of the County, and to be attested with the manual signature of
the County Clerk, all as of the 27th day of January, 1988.
WELD COUNTY, COLORADO
(COUNTY) rs
( SEAL ) By: 1A41 W y,,
Chairman of the Board of
County Commissioners
ATTEST:
/ ! ti (-)
CountFClerk
880066
2
This Note is registered with the County Clerk, as registrar, in
the name of the owner listed below, and the principal of and
interest on this Note are payable only to such owner.
Date of Name, Address and Tax I .D. Signature of
Registration Number of Registered Owner Registrar
January 27, 1988 House & Co . 2ri , G. �- .
First Interstate Bank of�entert .
Attn: Safekeeping ,I
633 Seventeenth Street
Denver, Colorado 80270
Tax I .D. No. 84-0884401
3 880066
UNITED STATES OF AMERICA
STATE OF COLORADO
COUNTY OF WELD
TAX ANTICIPATION NOTE
SERIES 1988A
No. R-4 $50, 000
Weld County, Colorado (the County) , for value received,
hereby promises to pay to the registered owner hereof as shown on
the registration panel attached hereto from ad valorem taxes on
real and personal property, investment proceeds on such taxes,
and proceeds of the notes of this issue to the extent not
required for the payment of duly budgeted current expenses,
received by the County in the fiscal year ending December 31 ,
1988, and credited to the general fund after the issuance hereof,
on December 30, 1988 , the principal sum of Fifty Thousand Dollars
( $50, 000) together with interest thereon from the date hereof to
the maturity date hereof at the rate of five and three-eighths
percent (5 . 375%) per annum, based upon the actual number of days
elapsed in a month of 30 days and a year of 360 days, said
interest in the amount of Two Thousand Four Hundred Eighty-Five
Dollars and Ninety-Four Cents ( $2 , 485 . 94) being payable at
maturity.
This Note is issued by the Board of County
Commissioners of the County, on behalf of the County, in
accordance with part 1 of article 15 of title 29 , Colorado
Revised Statutes, as amended (the Act) , and pursuant to a
Resolution (the Resolution) of the Board of County Commissioners
of the County duly adopted prior to the issuance hereof in order
to pay duly budgeted current expenses of the general fund of the
County. Reference is hereby made to the Act and the Resolution
for a complete statement of the rights and limitations of rights
of the registered owner of this Note, to all of which the
registered owner hereof by acceptance of this Note assents .
This Note is not subject to redemption in whole or in
part at any time prior to its maturity date .
The principal of and interest on this Note are payable
upon presentation and surrender hereof at the office of the
County Clerk, as paying agent, either by check or draft mailed to
the registered owner hereof or by wire transfer to such bank or
other depository as the registered owner hereof shall designate .
This Note is transferable only upon the books of the
County by the County Clerk, as transfer agent.
It is hereby certified, recited and warranted that all
acts, conditions and things required to be done, occur or be
880O66
performed precedent to and in the issuance of this Note have been
done, have occurred and have been performed in regular and due
form and manner as required by law and that the obligations
represented by this Note do not contravene any constitutional or
statutory limitation of the State of Colorado .
IN TESTIMONY WHEREOF the County has caused this Note to
be executed in its name with the manual signature of the Chairman
of the Board of County Commissioners, to be sealed with the seal
of the County, and to be attested with the manual signature of
the County Clerk, all as of the 27th day of January, 1988 .
WELD COUNTY, COLORADO
(COUNTY)
( SEAL ) By:
Chairman of the Board of
County Commissioners
ATTEST:
q
____...=f 14T 1r r,t I_ i ,,ll y
Count Cleric
88O066
2
This Note is registered with the County Clerk, as registrar, in
the name of the owner listed below, and the principal of and
interest on this Note are payable only to such owner.
Date of Name, Address and Tax I .D. Signature of
Registration Number of Registered Owner Registrar
January 27, 1988 Milehi & Co . y/ A,✓ - {
1700 Broadway
Denver, Colorado 80217
Tax I .D. No . 84-6175321
3 880066
COUNTY CERTIFICATE AND RECEIPT
The undersigned hereby certify that:
They are the duly elected or appointed, qualified,
sworn and acting Chairman of the Board of County Commissioners
and County Clerk, respectively, of the County.
The County is a political subdivision of the State of
Colorado and a body politic and corporate duly organized and
validly existing under the Constitution and laws of the State of
Colorado and its Home Rule Charter, and there is no litigation
pending or, to the best of their knowledge, threatened, relating
in any way to the existence or boundaries of the County or to the
rights of the commissioners and officers thereof to hold their
respective positions .
The Resolution of the Board of County Commissioners
authorizing the issuance of the County' s Tax Anticipation Notes,
Series 1988A, was duly adopted by the Board of County
Commissioners upon motion duly made and seconded and carried by a
majority vote of the commissioners present and constituting a
quorum thereof at a regular or special meeting thereof duly
called and held prior to the issuance of the Notes, and the
Resolution has not been repealed, revoked or rescinded and
remains in full force and effect on the date hereof.
Pursuant to the Resolution the County has established a
restricted account within its general fund into which will be
deposited the net proceeds of the Notes and has further
established within its general fund a separate restricted account
known as the "Tax Anticipation Notes, Series 1988A, Principal and
Interest Redemption Account" into which will be deposited the
moneys pledged to the payment of the principal of and interest on
the Notes.
The aggregate principal amount of all obligations
issued by the County in the current fiscal year in anticipation
of the collection of ad valorem taxes on real or personal
property is $3 , 200, 000, and the amount of ad valorem taxes on
real or personal property estimated to be received by the County
in the current fiscal year is $18, 905, 587 .
The undersigned are duly authorized to execute the
Notes and this certificate on behalf of the County.
The Notes have been executed with the manual signatures
of the undersigned, whose specimen signatures appear below.
880066
There is no litigation pending or, to the best of their
knowledge, threatened, relating in any way to the authorization,
issuance or delivery or the legality of the Notes.
The County hereby acknowledges receipt of the full
purchase price of the Notes.
IN WITNESS WHEREOF, the undersigned have hereunto set
their hands and the seal of the County this 27th day of January,
1988.
WELD COU TY, COLORADO
By: /
Chairman of the Board
of County Commissioners
(COUNTY) BY: Qr,yU'_;,r • a nt7,,.
( SEAL ) County Clerk
880066
-2-
COUNTY CERTIFICATE REGARDING FEDERAL TAX MATTERS
The undersigned hereby certify and declare in the name
and on behalf of the County the following facts, estimates,
circumstances and expectations, as of the date of issue of the
County' s Tax Anticipation Notes, Series 1988A, dated January 27,
1988, in the aggregate principal amount of $3 , 200, 000, as
follows:
1 . Capacity.
As duly elected and authorized officers of the County,
charged with others with the responsibility of issuing the Notes,
our certification may be relied upon as the certification of the
"issuer" pursuant to Treasury Regulation §1 . 103-13 (a) (2 ) ( ii ) .
2 . The Notes .
2 . 1 Purpose. The Notes are being issued for the
purpose of paying duly budgeted current expenses of the general
fund of the County.
2 . 2 Note Resolution. The Notes are being issued
pursuant to a Resolution duly adopted by the Board of County
Commissioners prior to the issuance of the Notes .
2 . 3 Date of Notes; Date of Issue. The Notes are dated
their date of issue .
3 . Original Proceeds; Cumulative Cash Flow Deficit;
Other Amounts Available for Payment; Period for Which Notes Will
Be Outstanding.
3 . 1 Original Proceeds . The amount to be received by
the County from the sale of the Notes will be the par amount
thereof.
3 .2 Cumulative Cash Flow Deficit. Based upon the
County' s estimates of its revenues and expenditures during the
period in which the Notes are to be outstanding, as set forth on
Exhibit A hereto, the maximum cumulative cash flow deficit for
such period is $3 , 241, 892 . Exhibit A hereto is a true and
correct computation of the anticipated cumulative cash flow
deficit of the County for the period from January 1, 1988, to
December 31, 1988, computed in accordance with
Section 1 . 103-14(c) of the regulations under Section 103 of the
Internal Revenue Code of 1986, as amended (the Code) .
3 . 3 Other Amounts Available for Payment. The County
expects to earn no more than $158, 730 on the investment of the
880066
original proceeds of the Notes and on the investment of amounts
deposited in the "Tax Anticipation Notes, Series 1988A, Principal
and Interest Redemption Account" which are to be used to pay the
principal of and interest on the Notes. The County expects to
spend the sum of $159, 100 to pay interest on the Notes and the
sum of $15, 000 to pay the costs of issuance of the Notes. Thus,
there will be no money derived from investment proceeds available
for payment of the expenditures set forth on Exhibit A hereto.
There will not be any amounts in the general fund of the County
or any other fund or account which are available for the payment
of the expenditures set forth on Exhibit A hereto which may,
without legislative or judicial action, be invaded to pay such
expenditures without a legislative, judicial or contractual
requirement that any such fund or account be reimbursed other
than those set forth therein or herein.
3 . 4 Period for Which Notes Will Be Outstanding. The
principal of and interest on the Notes will be paid within one
year of their date of issue.
4. Note Account. Moneys from ad valorem taxes on
real and personal property, investment proceeds on such taxes,
and proceeds of the Notes to the extent not required for the
payment of duly budgeted current expenses, received by the County
in the current fiscal year and credited to the Note Account after
the issuance of the Notes, will be used to pay the principal of
and interest on the Notes . There are no other funds created by
the Resolution or otherwise available that will be so used. The
Note Account will be used primarily to achieve a proper matching
of revenues and debt service requirements on the Notes during the
period for which the Notes will be outstanding. The Note Account
will be depleted at least once a year. It is expected that any
moneys deposited in the Note Account will be spent within a
thirteen-month period beginning on the date of deposit and that
any amount received from the investment of such moneys will be
spent within a one-year period beginning on the date of receipt.
5 . Arbitrage Rebate . The County expects that the
Notes will be exempt from the arbitrage rebate requirements of
the Code and the regulations promulgated thereunder, as it is a
governmental unit with general taxing powers, the Notes are not
private activity bonds, 95% or more of the net proceeds of the
Notes are to be used for local governmental activities of the
County, and the aggregate face amount of all tax-exempt
obligations issued by the County and all subordinate entities
during the calendar year 1988 is not reasonably expected to
exceed $5, 000, 000 . If said expectation is not realized, the
County will comply with all arbitrage rebate requirements of the
Code.
880066
-2-
6. Covenants and Representations.
6 . 1 County Covenants.
In the Resolution the County covenants that it will
make no investment or other use of the proceeds of the Notes at
any time during the term thereof which, if such investment or
other use had been reasonably expected on the date the Notes were
issued, would have caused the Notes to be "arbitrage bonds"
within the meaning of Section 103 of the Code and the regulations
thereunder and that it will comply with the requirements of said
Section and regulations throughout the term of the Notes . The
County will also comply with all information reporting
requirements of the Code.
6 . 2 Notification. The County has not been notified of
any listing of it by the Internal Revenue Service as an issuer
whose certification respecting arbitrage may not be relied upon.
7 . Qualified Tax Exempt Obligations .
In the Resolution the County designates the Notes as
"qualified tax-exempt obligations" under Section 265 (b) of the
Code as the Notes are governmental bonds and the aggregate face
amount of all governmental bonds and the aggregate face amount of
all governmental bonds and 501(c) (3 ) bonds issued by the County
and all subordinate entities during the calendar year 1988 is not
reasonably anticipated to exceed $10,000, 000.
8 . Certification.
8 . 1 Purpose . This certification is being issued and
delivered pursuant to §§ 1 . 103-13 and 1 . 103-14 of the Treasury
Regulations promulgated under Section 103 of the Code.
8 . 2 Reasonable Expectations. To the best of our
knowledge, information and belief, the above expectations are
reasonable .
IN WITNESS WHEREOF, the undersigned have hereunto set
their hands and the seal of the County this 27th day of January,
1988.
WELD COUN Y, COLORADO
By: it
Chairman of t et e B
County Commissioners
(COUNTY)
( SEAL )
By: It tea! LL,A,i ;nTP 4 dzkr c ,,
County'lJClerk
880066
-3-
EXHIBIT A
(1) (2) (3) (4) (5)
Cumulative
Surplus (Deficit) Cumulative
(2 minus 1 plus or Reasonably Cash Flow
Estimated Estimated minus previous figure Required Cash Surplus (Deficit)
Expenditures Receipts in this column) Balance (3 minus 4)
Opening Balance -- -- S 690,108 -- --
January 53,450,000 5600,000 (2,159,892) 51,082.000 8(3,241,892)
February 1,082,000 1,200,000 (2,041,892) 832.000 (2,873,892)
March 832,000 2,000,000 (873,892) 1,350,000 (2,223,892)
April 1,350,000 3,245,000 1,021,108 1.050,000 (28,892)
May 1,050,000 1,260,000 1,231.108 1,050,000 181,108
June 1.050,000 800,000 981,108 1,260,000 (278,892)
July 1,260,000 2,900,000 2,621,108 1,155,000 1,466,108
August 1,155,000 1,500.000 2,966,108 2,300,000 666,108
September 2,300,000 832,000 1,498,108 1,050,000 448,108
October 1,050,000 832,000 1.280.108 1,155,000 125,108
November 1,155,000 950,000 1,075,108 1,664,000 (588,892)
December 1,664,000 1.090,000 501,108 3.500,000 (2,998,892)
886066
For. 8038-G Information Return for Tax-Exempt
(December 1986) Governmental Bond Issues OMB No.1515-0720
Department cd theTreasury - P Under Section 149(e) _ Expires 12-31-89
Intenlat Revenue Serum (Use Form 8038-GC If Issue price Is under 6100.000.) -
Part I Reporting Authority - Check box if Amended Return ► U
1 issuer's name -
2 Issues empbyer ahmdrOlon number
WELD COUNTY, COLORADO 84-6000813
3 Number and street 4 Report number
915 10th Street C198 8_- ___
5 City or town.state.and ZIP code I Date Of issue
Greeley, Colorado 80632 January 27 , 1988
Part II Type of Issue(check box(es)that applies)
7 Check box if bonds are tax or other revenue anticipation bonds► IEX • •hale Price
8 Check box if bonds are in the form of a lease or installment sale► 0
9 0 Education
10 0 Health and hospital
1I 0 Transportation
12 0 Public safety
13 0 Environment(including sewage bonds)
14 0 Housing
15 0 Utilities
-
16 E--Other.Describe(see instructions)). General Fund Operating Fxoenses 83 200 000
Pan-till Description of Bonds P /// / '
(a) bbl (c) Staled redemption Weighted (0 Net nit
Maturity date IOINtst rate Issue once once at maturity aver maturity Yield rest
cost
17 Final maturity .. ;/3(0/88 5.375% I $3,200,000 $3,200,000 ////////// //f��//� JfQ/�Qt///f/j/��fJ�/f/�%f/%l//
18 Entire issue . . /%%%f//////%/////////%/If/�//�////%/� 53,200,000 $3,200,000 .925 yearsl5.375% 5.375%
Partly Uses of Original Proceeds of Issue(including underwriters'discount)
19 Proceeds used for accrued interest - 19 ---
20 Proceeds used for bond issuance costs(including underwriters'discount) 20 15,000
21 Proceeds used for credit enhancement 21 ---
22 Proceeds allocated to reasonably required reserve or replacement fund 22 ---
23 Proceeds used to refund prior issues 23
24 Nonrefunding proceeds of the issue(subtract lines 20.21.22.and 23 from line 18.column(c)) 24 $3 9185,000
Pasty Description of Refunded Bonds(complete this part only for refunding bonds)
25 Enter the remaining weighted average maturity of the bonds to be refunded ► --- years
26 Enter the last date on which the refunded bonds will be called ► ---
27 Enter the date(s)the refunded bonds were issued ► - ___
Party! Miscellaneous
28 Enter the amount(if any)of the state volume cap allocated to this issue ► ---
29 Arbitrage rebate:
a Check box if the small governmental unit exception to the arbitrage rebate requirement applies E
b Check box if the 6-month temporary investment exception to the arbitrage rebate requirement is expected to apply 0
c Check box if you expect to earn and rebate arbitrage profits to the U.S.
30 Enter the amount of the bonds designated by the issuer under section 265(b)(3)(B)(ii) ► $3,200,000
31 Pooled financings:
a Check box if any of the proceeds of this issue are to be used to make loans to other governmental units ► 0 and
enter the amount ►
b Check box if this issue is a loan made from the proceeds of another tax-exempt issue ► ❑ and enter the name of the
issuer ► and the date of the issue ►
Under pie r of pequry.I decere that I have crammer]this return and accompanying schedules and statements.and to the test of my knoweoge inc beret.
Please trier are tr correct.and compete.
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