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Res12 15237
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Res12 15237
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Last modified
10/11/2019 7:48:25 AM
Creation date
10/11/2019 7:48:09 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
12/3/2012
Description
RESOLUTION AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS FOR AND ON BEHALF OF COMMUNITY FACILITIES DISTRICT NO. 99-1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, APPROVING THE FORM OF AND DIRECTING THE EXECUTION OF A FISCAL AGENT AGREEMENT, ESCROW INSTRUCTIONS, A CONTINUING DISCLOSURE AGREEMENT AND A BOND PURCHASE AGREEMENT, APPROVING THE FORM OF AN OFFICIAL STATEMENT, APPROVING SALE OF BONDS, AND APPROVING OTHER RELATED DOCUMENTS AND ACTIONS
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12/03/2012 <br />Except for a prepayment that occurred prior to the issuance of the Series 2001A Bonds, <br />there have been no Special Tax Prepayments in the District; however, no assurance can be given <br />that Special Tax Prepayments will not occur in the future. <br />Mandatory Sinking Fund Redemption. The Bonds maturing on September 1, 20__ (the <br />"Term Bonds") are subject to redemption prior to their stated maturity in part by lot, from <br />deposits made to the Bond Fund for such purpose pursuant to the Fiscal Agent Agreement, at <br />a redemption price equal to the principal amount thereof to be redeemed together with accrued <br />interest thereon to the redemption date, without premium, in the aggregate respective principal <br />amounts and on September 1. in each of the respective years as set forth in the following table. <br />Term Bonds Maturing September 1, 20 <br />Sinking Fund <br />Redemption Date Principal Amount <br />(September 1) to beRedeemed <br />If some but not all of the Term Bonds of a given maturity have been redeemed <br />pursuant to the optional redemption or mandatory redemption from special tax prepayments <br />provisions of the Fiscal Agent Agreement described above, the total amount of all future <br />sinking fund payments relating to the Term Bonds shall be reduced by the aggregate principal <br />amount of such Term Bonds so redeemed, to be allocated among such payments on a pro -rata <br />basis in integral multiples of $5,000 as determined by the City (written notice of which <br />determination shall be given by the City to the Fiscal Agent). <br />Purchase of Bonds tr2 Lieu of Redemption. In lieu of redemption as described above, <br />moneys in the Bond Fund may be used and withdrawn by the Fiscal Agent for purchase of <br />Outstanding Bonds, upon the filing with the Fiscal Agent of an Officer's Certificate requesting <br />such purchase prior to the selection of Bonds for redemption, at public or private sale as and <br />when, and at such prices (including brokerage and other charges) as such Officer's Certificate <br />may provide, but in no event may Bonds be purchased at a price in excess of the principal <br />amount thereof, plus interest accrued to the date of purchase, plus the related premium <br />otherwise payable at such redemption. <br />Notice of Redemption. The Fiscal Agent will cause notice of any redemption to be <br />mailed by first class mail, postage prepaid, at least 30 days but not more than 60 days prior <br />to the date fixed for redemption, to the Securities Depositories and to one or more Information <br />Services, and to the respective registered Owners of any Bonds designated for redemption, at <br />their addresses appearing on the Bond registration books in the Principal Office of the Fiscal <br />Agent; but such mailing is not a condition precedent to redemption and failure to mail or to <br />receive any such notice, or any defect therein, will not affect the validity of the proceedings for <br />the redemption of such Bonds. The redemption notice will state the redemption date and the <br />redemption price and, if less than all of the then Outstanding Bonds are to be called for <br />redemption, will designate the CUSIP numbers and Bond numbers of the Bonds to be <br />redeemed by giving the individual CUSIP number and Bond number of each Bond to be <br />redeemed or will state that all Bonds between two stated Bond numbers, both inclusive, are to <br />be redeemed or that all of the Bonds of one or more maturities have been called for <br />redemption, will state as to any Bond called in part the principal amount thereof to be <br />redeemed, and will require that such Bonds be then surrendered at the Principal Office of the <br />-8- <br />16 RESO. # 15237 <br />MUFF # 505 <br />
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