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Agdapkt 2010-12-06 clsd and regular
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Agdapkt 2010-12-06 clsd and regular
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Last modified
7/9/2012 10:25:30 AM
Creation date
12/2/2010 3:32:47 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
12/6/2010
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ATTACP g2 2� <br /> redemption shall have been deposited in the Bond Fund, such Bonds so called shall cease to <br /> be entitled to any benefit under this Fiscal Agent Agreement other than the right to receive <br /> payment of the redemption price, and no interest shall accrue thereon on or after the <br /> redemption date specified in such notice. <br /> Transfer or Exchange of Bonds <br /> So long as the Bonds are registered in the name of Cede & Co., as nominee of DTC, <br /> transfers and exchanges of Bonds will be made in accordance with DTC procedures. See <br /> `Appendix F" below. Any Bond may, in accordance with its terms, be transferred or exchanged <br /> by the person in whose name it is registered, in person or by his duly authorized attorney, upon , <br /> surrender of such Bond for cancellation, accompanied by delivery of a duly written instrument of I <br /> transfer in a form approved by the Fiscal Agent. Whenever any Bond or Bonds are surrendered �I <br /> for transfer or exchange, the City wiil execute and the Fiscal Agent will authenticate and deliver I <br /> a new Bond or Bonds, for a like aggregate principal amount of Bonds of authorized l <br /> denominations and of the same maturity. The cost for any services rendered or any expenses I <br /> incurred by the Fiscal Agent in connection with any such transfer or exchange will be paid by � <br /> the City. The Fiscal Agent will collect from the Owner requesting such transfer any tax or other <br /> governmental charge required to be paid with respect to such transfer or exchange. � <br /> No transfers or exchanges of Bonds will be required to be made (i) within 15 days prior <br /> to the date established by the Fiscal Agent for selection of Bonds for redemption or (ii) with <br /> respect to a Bond after such Bond has been selected for redemption. <br /> ESTIMATED SOURCES AND USES OF FUNDS <br /> A summary of the estimated sources and uses of funds associated with the sale of the <br /> Bonds follows: <br /> Estimated Sources of Funds: <br /> Principal Amount of Bonds <br /> Less Original Issue Discount <br /> Total <br /> Estimated Uses of Funds: <br /> Deposit to Improvement Fund <br /> Deposit to Reserve Fund <br /> Deposit to Bond Fund �'� <br /> Deposit to Administrative Expense Fund � <br /> Costs of Issuance � <br /> Total <br /> (1) Represents capitalized interest up to and including <br /> (2) Represents capitalized Administrative Expense. <br /> (3) Includes fees of Bond Counsel, initial fees, expenses and charges of the <br /> Fiscal Agent, costs of printing the Official Statement, administrative fees of <br /> the City, Disclosure Counsel, special tax consultant, appraiser, <br /> Underwriter's discount, financial advisory fees, and other costs of issuance. <br /> -8- <br />
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