AgdaPkt 2012-12-03 - Laserfiche WebLink

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8.B. - Page 28 Estimated Sources and Uses of Funds The sources and uses of funds in connection with the Bonds and the Prior Bonds are as follows: Principal of Bonds $ Amounts relating to the Prior Bonds Plus: Net Original Issue Premium Less: Underwriter's Discount Total Sources $ Deposit to Escrow Fund�l� $ Deposit to Reserve Fund�2� Deposit to Costs of Issuance Fund�3� Total Uses $ (1) See"PLAN OF REFUNDING—Redemption of Prior Bonds." (2) Equal to the initial Reserve Requirement. See"SECURITY FOR THE BOND�Reserve Fund." (3) Costs of issuance include,without limitation,Fiscal Agent fees and expenses,Financial Advisor fees and expenses,fees and expenses of Bond Counsel and Disclosure Counsel and other legal fees and expenses,Escrow Bank fees and expenses,and printing costs. THE BONDS Authority for Issuance Pursuant to the Act, on Apri126, 1999, the City Council adopted Resolution No. 13611 establishing the District. At that time, the then owners of the land in the District, being the qualified electors for the District, authorized the issuance of bonded indebtedness to finance the Improvements, and approved the rate and method of apportionment of Special Tax (the "Rate and Method"), a copy of which is attached to this Official Statement as Appendix B. See "THE DISTRICT—History of the District." The Bonds are authorized to be issued pursuant to (a) the Act, (b) the Bond Resolution, and (c) the Fiscal Agent Agreement. The Special Taxes to be used to pay debt service on the Bonds will be levied in accordance with the Rate and Method. General Provisions The Bonds will be issued only as fully registered Bonds, in the denomination of $5,000 or any integral multiple thereof, and will bear interest at the rates per annum and will mature on the dates set forth on the inside cover page of this Official Statement. The Bonds will be dated the date of their issuance and interest on the Bonds will be payable on each Interest Payment Date, commencing September 1, 2013. Each Bond will bear interest from the Interest Payment Date next preceding the date of authentication thereof by the Fiscal Agent, unless (a) it is authenticated on an Interest Payment Date, in which event it will bear interest from such Interest Payment Date; (b) the date of authentication is after a Record Date and on or before the following Interest Payment Date, in which event it will bear interest from such Interest Payment Date; or (c) it is authenticated on or before August 15, 2013, in which case it will bear interest from the Closing Date; provided, -6-