HomeMy WebLinkAboutCity of Tamarac Resolution R-86-205Dduced by Temp. Reso. #4168
CITY OF TAMARAC, FLORIDA
RESOLUTION NO.
RESOLUTION PROVIDING FOR THE ISSUANCE OF
WATER AND SEWER UTILITY REVENUE BONDS,
SERIES 1986, OF THE CITY OF TAMARAC, FLORIDA
PURSUANT TO RESOLUTION R-85-21 AS RESTATED
AND AMENDED FOR THE PURPOSE OF PROVIDING
FUNDS TO PAY THE COST OF CAPITAL
IMPROVEMENTS TO TAMARAC UTILITIES WEST;
APPROVING AND AUTHORIZING PROVIDING FOR THE
INTEREST PAYMENT DATES, AGGREGATE PRINCIPAL
AMOUNT, MATURITIES AND INTEREST RATES FOR
THE SERIAL BONDS, IF ANY, AND THE TERM
BONDS, IF ANY; PROVIDING FOR THE
AMORTIZATION REQUIREMENTS FOR THE TERM
BONDS, IF ANY; PROVIDING FOR THE PRINCIPAL
AND INTEREST REQUIREMENTS FOR THE BONDS;
DESIGNATING A PAYING AGENT AND BOND
REGISTRAR FOR THE BONDS; AWARDING THE BONDS
PURSUANT TO A NEGOTIATED SALE; APPROVING AND
AUTHORIZING THE EXECUTION AND DELIVERY BY
THE CITY OF A BOND PURCHASE CONTRACT FOR THE
BONDS; RATIFYING AND APPROVING THE
PRELIMINARY OFFICIAL STATEMENT AND THE
DISTRIBUTION THEREOF, AUTHORIZING THE
EXECUTION, DELIVERY AND DISTRIBUTION OF A
FINAL OFFICIAL STATEMENT, AUTHORIZING THE
EXECUTION AND DELIVERY OF CLOSING DOCUMENTS;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Tamarac,
Florida (the "Council") has previously issued $12,600,000 Water
and Sewer Utility Revenue and Refunding Bonds, Series 1985,
(the "Series 1985 Bonds") pursuant to Resolution No. R85-21,
adopted by the City Council on January 23, 1985, as amended and
restated by Resolution No. 85-436, adopted by the Council on
December 10, 1985, and as amended further by Resolution No.
85-439, adopted by the Council on December 23, 1985 and
Resolution No. 85-437 adopted on December 10, 1985,
WHEREAS, the Resolution provides for the issuance of
additional bonds, to be issued on a parity with the Series 1985
Bonds, for the purpose of paying the cost of acquiring or
constructing capital improvements to Tamarac Utilities' West,
WiiERAS, the Council has determined and does hereby
determine it is in the best interest of the City of Tamarac,
Florida (the "City") to issue an additional series of bonds
designated as Water and Sewer Utility Revenue Bonds, Series
1986 (the "Series 1986 Bonds") on a parity with the Series 1985
Bonds, `
WHEREAS, the Resolution requires that there shall
be filed with the Clerk prior to the delivery of the Series
1986 Bonds a certified copy of the resolution of the Council
fixing the Series designation and date, fixing the years and
amounts in which the Series 1986 Bonds will mature, fixing the
Amortization Requirements of any Term Bonds, fixing the times
and prices at which the Series 1986 Bonds are to be subject to
redemption, awarding the Series 1986 Bonds, specifying the
interest rate and interest payment dates of each such Series
1986 Bond (or a maximum interest rate and procedure by which a
floating interest rate or variable rate period shall be
determined) and directing that the Series 1986 Bonds be
delivered to or upon the order of the purchasers thereof upon
payment of the purchase price and to make other necessary
determinations as hereinafter set forth,
WHEREAS, as contemplated by the Resolution, the
Council desires to approve the form and substance of. a Bond
Purchase Contract (as hereinafter defined) with respect to the
Series 1986 Bonds and authorize its execution and delivery,
WHEREAS, the Board desires to authorize the execution
and distribution of the final Official Statement for the Series
1986 Bonds; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
TAMARAC, FLORIDA:
Section 1. The issuance, execution and delivery of
he Water and Sewer Utility Revenue Bonds, Series 1986 in the
ggregate principal amount of $12 700 000 are hereby authorized
nd approved.
Section 2. The Series 1986 Bonds shall be issued in
egistered form only, in denominations of $5,000 or any
ntegral multiple thereof, dated as of June 1, 1986, numbered
onsecutively from 1 upward, bear interest from their date until
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their payment, payable semiannually on the first day of each
April and October of each year, commencing October 1, 1986,
shall bear the original or facsimile signatures of the Mayor
and the Clerk of the City, and shall be issued in substantially
the form set forth in Exhibit A attached hereto.
Section 3. The Series 1986 Bonds shall bear interest
from their date until maturity at the rates, mature on the
dates and in the amounts, and be sold at the prices set forth
in Schedule I, attached.
Section 4. (a) A portion of the Series 1986 Bonds
shall be issued as Term Bonds in aggregate principal amounts,
maturities, not to exceed forty years, and Amortization
Requirements as set forth in Schedule II attached.
(b) The Term Bonds shall be subject to mandatory
redemption by the County on October 1 of each year in the
principal amounts set forth in Schedule II attached, in part
and by lot without redemption premium, at one hundred percent
(100%) of the principal amount thereof plus accrued interest to
the date of redemption.
Section 5. The Series 1986 Bonds shall be subject to
redemption prior to their respective maturities, at the option
of the City, at the redemption prices, plus interest accrued
thereon to the date of redemption, as set forth in Schedule III
attached.
Section 6. Barnett Banks Trust Company, N.A.,
iJacksonville, Florida ("Barnett Banks") is hereby designated as
Paying Agent and Bond Registrar for the Series 1986 Bonds and
shall perform such duties as are more fully described in the
Resolution, the Series 1986 Bonds and any supplemental
agreement between the City and Barnett Banks.
Section 7. The Board has received a proposed purchase
contract for the Series 1986 Bonds (the ".Bond Purchase
=I
:W3M
Contract") dated June 11., 1986, with respect to the purchase of
the Series 1986 Bonds, from L.F. Rothschild, Unterberg, Towbin
and William R. Hough & Co. (collectively, the "Underwriters").
The Council hereby approves the Bond Purchase Contract and
directs that it shall be executed by and on behalf of the City
by the Mayor of the City, with the official seal of the City
impressed or imprinted thereon and attested by the Clerk or any
Deputy Clerk of the City in substantially the form presented to
the Council at the meeting of the Board at which this
resolution is adopted and as attached hereto as Exhibit B,
subject to such changes, insertions and omissions and such
filling -in of blanks therein as may be approved by the officers
of the City executing the same pursuant to this Section. The
execution and delivery of such Bond Purchase Contract for and
on behalf of the Council by such officers is conclusive
evidence of the approval of such officers of any such changes,
insertions, omissions or filling -in of blanks.
Section 8. After having carefully considered the
matter, the Council hereby finds and determines that a
negotiated sale of the Bonds is in the best interest of the
City. The Board, hereby awards the Series 1986 Bonds to the
Underwriters in accordance with the provisions of the Bond
Purchase Contract for the purchase price set forth in the Bond
Purchase Agreement, and confirms its receipt of a disclosure
statement from the Underwriters complying with the provisions
of Section 218.385, Florida Statutes, as amended.
Section 9. The Series 1986 Bonds, upon their
execution,
o authentication, and registration, shall be delivered
to the Underwriters upon payment of the purchase price thereof,
all as more fully provided in and subject to the terms and
conditions of the Bond Purchase Contract.
QC
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Section 10. The Council ratifies the distribution of
the Preliminary Official Statement and approves and authorizes
the distribution of the final Official Statement in the form
attached hereto as Exhibit C by the Underwriters in connection
with the offering and sale of the Series 1986 Bonds and directs
the Mayor of the City to execute such final Official Statement
for and on behalf of the City with such changes, insertions,
omissions and such filling -in of blanks therein as may be
approved and made in such Official Statement by the officer of
the City executing the same pursuant to this Section and the
City Attorney.
Section 11. The Council hereby fixes and determines
that the Principal and Interest Requirements for the Series
1986 Bonds shall be the amounts set forth in Schedule IV
attached hereto and made a part of this resolution as fully and
completely as if herein set out in full.
Section 12. The Council hereby determines that the
capital improvements to the Tamarac Utilities West as more
fully described in Exhibit D attached hereto (the "Capital
Improvements") are eligible to be financed from the proceeds of
the sale of the Series 1986 Bonds as provided in the Resolution.
Section 13. The Council hereby reaffirms that the
issuance of the Series 1986 Bonds ,is authorized for the purpose
of providing funds, together with other available moneys, to
pay for the cost of the Capital Improvements, to pay all the
costs of issuance of the Series 1986 Bonds, and to deposit the
required amounts in the Reserve Account, as defined in the
Resolution.
Section 14. The City hereby covenants to comply with
any and all changes in the Federal Tax Laws which are necessary
to maintain the tax-exempt status of the Series 1986 Bonds and
hereby authorizes the Mayor, Clerk and any Deputy Clerk, the
City Manager and other officers, employees and agents of the
i
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ity to execute any and all documents, certificates and
instruments which may be required as a result of a change in
the Federal Tax Laws as currently proposed in order to maintain
the tax-exempt status of the Series 1986 Bonds.
Section 15. The Mayor, Clerk and any Deputy Clerk,
the City Manager and other officers, employees and agents of
the City are hereby authorized and directed to execute such
instruments, certificates and documents as may be necessary and
appropriate and to do all acts and things required therein by
the terms, covenants, provisions and agreements of this
resolution, the Series 1986 Bonds, the Resolution and the Bond
Purchase Contract.
Section 16. This Resolution shall take effect
immediately upon its adoption.
PASSED, ADOPTED
of 1986.
Attest:
City -ClerA - V
I HEREBY CERTIFY that I
have approved the form and
correctness of this Resolution
City -A' orney
4001D
061086/12/IDT
AND APPROVED this day
May r
RECORD OF COUNCIL VOTE
MAYOR: HART, 4?4z__„_ ,
DIST. 1: C/W MASSARO
DIST. 2: C/M STELZER
DIST. 3: C/M GOTTESMAN
DIST. 4: V/M STEIN
Qv
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$b,
11 , f 5 0.
0
40
�J
No.
United States of America
State of Florida
County of Broward
City of Tamarac
Water and Sewer Utility Revenue Bond,
Series 1986
INTEREST RATE:
REGISTERED OWNER:
PRINCIPAL AMOUNT:
N
MATURITY DATE: ORIGINAL ISSUE CUSIP NO.
DISCOUNT
DOLLARS
The City of Tamarac (the "City"), a municipal
corporation organized and existing under the laws of the State
of Florida, for value received, hereby promises to pay, solely
from the special fund provided therefor, as hereinafter set
forth, the registered owner named above, on the 1st day of
October, (or earlier as hereinafter referred to), in the
principal sum set forth above and to pay from said special
fund, interest thereon from the date hereof at the interest
rate per annum set forth above until payment of such principal
sum, such interest to the maturity hereof being payable
semiannually on the 1st days of April and October in each year;
provided, however, that if on the maturity date of this Bond,
moneys are being held by the Paying Agent for the payment
hereof, this bond shall cease to bear interest. The principal
of, premium, if any, and the interest on this bond are payable
in any coin or currency of the United States of America, which,
on the respective dates of payment thereof, is legal tender for
the payment of public and private debts. This Bond shall bear
interest from the interest payment date next preceding the date
of registration hereof unless this Bond is registered as of an
interest payment date, in which event this Bond shall bear
interest from such date, or unless it is registered prior to
the first interest payment date, in which event this Bond shall
bear interest from its date. Interest on this Bond shall be
paid by check or draft of the Bond Registrar mailed to the
registeed owner at his address as it appears on the
registration books maintained by Barnett Bank Trust Company,
N.A., of Jacksonville, Florida, as Bond Registrar, at the close
of business on the Record Date (as defined herein) with respect
to each interest payment date. The City and the Bond Registrar
are not required to issue and transfer this Bond during the
period beginning on the fifteenth (15th) day (whether or not a
business day) of the month next preceding any interest payment
date (the "Record Date") and ending on .e interest payment
date. The principal of this Bond is payable upon the
presentation and surrender hereof as the same becomes due at
the principal corporate trust office of the Paying Agent.
This bond shall not be deemed to constitute an
indebtedness of the City or a pledge of the faith and credit of
the City, but shall be payable exclusively from the special
fund provided therefor from revenues of the water and sewer
utility of the City known as Tamarac Utilities West (the
"Utility") and other moneys pledged under the Resolution (as
defined herein). The issuance of this bond shall not directly
or indirectly or contingently obligate the City to levy or to
pledge any form of taxation whatever therefor nor shall this
bond constitute a charge, lien, or encumbrance, legal or
equitable, upon any property of the City, and the holder of
this Bond shall have no recourse to the power of taxation.
EXHIBIT "A"
All acts, conditions and things required by the
Constitution and laws of the State of Florida, and the
ordinances and resolutions of the City, to happen, exist and be
performed precedent to and in the issuance of this bond have
happened, exist and have been performed as so required.
This Bond shall not be valid or become obligatory for
any purpose or be entitled to any security or benefit under the
40 Resolution until the bond Registrar's Certificate hereon shall
have been duly executed by the Bond Registrar.
IN WITNESS WHEREOF, the City of Tamarac has caused
this bond to be signed by or bear the facsimile signature of
its Mayor and City Manager and the City Clerk and a facsimile
of its official seal to be imprinted hereon, all as of
the day of , 198
[SEAL]
[facsimile]
City Clerk
[facsimile]
Mayor
[facsimile]
City Manager
BOND REGISTRAR'S CERTIFICATE
M This Bond is one of the series of Bonds described in
the within mentioned Resolution.
Date of Registration:
81 as Bond
Registrar
By:
Authorized Officer
STATEMENT OF VALIDATION
This bond is one of a series of bonds which were
validated by judgment of the Circuit Court for Broward County,
Florida, rendered on April 22, 1985.
[FORM ON REVERSE SIDE OF BOND]
This Bond is one of a duly authorized series of
revenue bonds of the City known as "City of Tamarac Water and
Sewer Utility Revenue Bonds, Series 1986" (the "Bonds") issued
under and pursuant to Resolution No. 85-21, duly adopted by the
City Council of the City of Tamarac (the "Council") on January
23, 1985, and amended and restated by Resolution No. 85-436,
duly adopted by the Council on December .10, 1985, as amended by
Resolution No. 85-439 adopted by the Council on December 23,
1985, and Resolution No. duly
adopted by the Council on F 1986 (herein
collectively called the "Resolution"). The Bonds are issued on
a parity with a duly authorized series of revenue bonds of the
- 2 -
City known as
and Refunding
date, consist
on
Bonds
issued
maturing
for the
"City of Tamarac Water and Sewer Utility Revenue
Bonds, Series 1985." The Bonds shall be of like
of Serial Bonds maturing in annual installments
in the years , inclusive, and of Term
on and and shall be
purpose of
and for paying the costs of issuance of the Bonds. The custody
and application of the proceeds of Bonds issued under the
Resolution, the fund charged with and pledged to the payment of
the principal of and the interest on the Bonds, the nature and
extent of the security, the terms and conditions on which the
Bonds of each series are or may be issued, the rights, duties
and obligations of the City under the Resolution and the rights
of the registered owners of the Bonds are more fully described
in the Resolution. By the acceptance of this Bond, the
registered owner hereof assents to all the provisions of the
Resolution.
The Resolution provides for the issuance of additional
bonds on a parity with the Bonds of this Series, from time to
time, under the conditions, limitations and restrictions
therein set forth, for the purpose of paying all of a part of
the cost of additions, enlargements, improvements and
extensions of or to the Utility and for the purpose of
refunding any Bonds issued by the City under the provisions of
the Resolution. The Resolution also permits the City to borrow
money from the State of Florida and enter into loan agreements
for its repayment for the purpose of paying all or part of the
cost of such additions, enlargements, improvements and
extensions and to repay such borrowings from the revenues of
the Utility after providing for the periodic principal,
interest and reserve requirements of the Bonds issued under the
Resolution.
40 This Bond is issued and the Resolution was adopted
under and pursuant to the Constitution and laws of the State of
Florida, particularly the Home Rule Charter of the City and
Chapter 166, Florida Statutes, as amended.
The Resolution provides for the fixing and charging by
the City of rates and charges for services provided by the
Utility (the "Revenues") sufficient to provide funds (a) to pay
the cost of maintaining, repairing and operating the Utility,
(b) to pay the principal of and the interest on the Bonds, and
(c) to create reserves for such purposes. The Resolution also
provides for the deposit of a sufficient amount of such
Revenues, over and above the amounts necessary to pay the cost
of maintaining, repairing and operating the Utility, to the
credit of a special fund, which fund is pledged to the extent
set forth in the Resolution to the payment of the principal of
and interest on all Bonds issued under the Resolution.
The Bonds of this Series at the time outstanding which
mature on and after , may be redeemed prior to
their respective maturities, at the option of the City, from
any monies that may be made available for such purpose, either
in whole, on any date not earlier than , , or in
part, on any interest payment date not earlier than
, , at the following redemption prices (expressed as
percentages of the principal amount of the Bonds being
redeemed) plus accrued interest to the redemption date as
follows:
[Here insert the times and prices]
The series 1985 Bonds maturing on ,
and , are subject to mandatory redemption at
-3-
par, plus accrued interest, but without premium, at times and
in amounts sufficient to satisfy the Mandatory Amortization
Requirement (as defined in the Resolution).
If less than all of the Bonds of any one maturity
shall be called for redemption, the particular Bonds to be
redeemed shall be selected by lot as provided in the Resolution.
If any of the Bonds are called for redemption, notice
thereof identifying the Bonds to be redeemed will be given by
the Bond Registrar by mailing a copy of such notice by
first-class mail, postage prepaid, not less than thirty (30)
days before such redemption date, to the registered owner of
any Bonds which are to be redeemed at his last address
appearing on the registration books. On the date designated
for redemption, notice having been mailed, all as provided in
the Resolution, the Bonds so called for redemption price
provided for redemption of such Bonds on such date, interest on
such Bonds shall cease to be entitled to any lien, benefit or
security under the Resolutuon, and the registered owners of
such Bonds shall have no rights in respect thereof except to
receive payment of the redemption price thereof.
The registered owner of this Bond shall have no right
to enforce the provisions of the Resolution, or to institute
action to enforce the covenants therein, or to take any action
with respect to any event of default under the Resolution, or
to institute, appear in or defend any suit or other proceeding
with respect thereto, except as provided in the Resolution.
Modifications or alterations of the Resolution or of
any resolution supplemental thereto may be made only to the
extent and in the circumstances permitted by the Resolution.
In certain events, on the conditions, in the manner
and with the effect set forth in the Resolution, the principal
of all the Bonds then outstanding under the Resolution may
become or may be declared due and payable before the stated
maturities thereof, together with interest accrued thereon.
This Bond shall be registered as to both principal and,
interest and shall not be registered as to "bearer."
The person in whose name any Bond shall be registered
shall be deemed and regarded as the absolute owner thereof for
all purposes and payment of or on account of the principal or
any such Bond shall be made only to or upon the order of the
registered owner thereof or his legal representative, but such
registration may be changed as herein provided. All such
payments shall be valid and effectual to satisfy and discharge
the liability upon such Bond to the extent of the sum or sums
so paid.
Any registered owner of any Bond is hereby granted
power to transfer absolute title thereto by assignment thereof
to a bona fide purchaser for value (present or antecedent)
without notice of prior defenses or equities or claims of
ownership enforceable against his assignor or any person in the
chain of title and before the maturity of such Bond. Every
prior owner of any Bond shall be deemed to have waived and
renounced all of his equities or rights therein in favor of
every such bona fide purchaser, and every such bona fide
purchaser shall acquire absolute title thereof and to all
rights represented thereby.
(Form for Transfer)
-4-
FOR VALUE RECEIVED, , the
undersigned, hereby sells, assigns and transfers unto
(Tax Identification or Social Security No.
) the within Bond and all rights thereunder, and
hereby irrevocably constitutes and appoints attorney
to transfer the within Bond on the books kept for registration
thereof, with full power of substitution in the premises.
'• Dated:
•
9
4125D
051986/LMM
-5-
•
SCHEDULE I
$2,485,000 Serial Bonds
The serial bonds bear interest payable semiannually on April 1 and October
1 of each year, cmMencing on October 1, 1986 at the interest rates set forth
below and mature in the principal amounts on the maturity dates set forth
below.
Maturity
Interest
(October 1)
Amounts
Rates
Price
1987
$ 185,000
4.75%
100%
1988
195,000
5.25
100
1989
210,000
5.75
100
1990
220,000
6.00
100
1991
235,000
6.25
100
1992
250,000
6.50
100
1993
265,000
6.75
100
1994
285,000
7.00
100
1995
310,000
7.20
100
1996
330,000
7.40
100
Term Bonds
Final
Aggregate
interest
Maturity
Amount
Rate Price
2011
$10,215,000
8.25% 99.50%
M
SCHEDULE
TX
The bonds
maturing on October 1,
2011, in the aggregateprincipal amount
e ate of 99prin50% were issued ,
a
of $10,215,000
bear an interest rate of
8.25%, at price
as term bonds.
These term bonds are amortized as follows:
Year
Amount
Year
Amount
1997
$ 360,000
2005
$ 695,000
1998
390,000
2006
755,000
1999
420,000
2007
820,000
2000
460,000
2008
890,000
2001
500,000
2009
2010
965,000
1,050,000
2002
540,000
590,000
2011
1,140,000*
2003
2004
640,000
* Maturity and not redeemed
C�
SCHEDULE III
tional Redemption
The Bonds maturing on or prior to October 1, 1996, will not be redeemable
prior to their stated dates of maturity. The Bonds maturing on or after
October 1, 1997 may be redeemed prior to their stated dates of maturity, at the
option of the City (i) in part in inverse order of their stated maturities, and
by lot within a maturity if less than an entire maturity is to be redeemed, on
October 1, 1996, or on any Interest Payment Date thereafter, or (ii) as a
whole, on October 1, 1996, or at any time thereafter, at the redemption prices
(expressed as percentages of the principal amount to be redeemed) set forth
below, together with accrued interest to the date fixed for redemption:
Redemption Period Redemption
(both dates inclusive) Price
October 1, 1996 to September 30, 1997 102%
October 1, 1997 to September 30, 1998 101
October 1, 1998 and thereafter 100
Mandatory Redemption
On October 1 in each of the years set forth below, the City is required to
deposit to the Redemption Account and apply moneys sufficient to retire the
principal amounts indicated of the Bonds maturing on October 1, 2011 either (i)
by purchase at not more than 100% of the principal amount thereof, or (ii) by
redemption by lot, at 100% of the principal amount thereof without premium, on
October 1 in each year.
Principal
Principal
Year
Amount
Year
Apt
1997
$360,000
2005
$ 695,000
1998
390,000
2006
755,000
1999
420,000
2007
820,000
2000
460,000
2008
890,000
2001
500,000
2009
965,000
2002
540,000
2010
1,050,000
2003
590,000
2011
1,140,000*
2004
640,000
* Maturity
THE CITY OF . TAMARAC, FLORIDA
PROPOSED WATER AND SEM UTILITY BONDS, SERIES 1986
=xxsn�a;=x=c=xxsaxas=
DEBT .SERVICE SCHEDULE
s=�xaaszzsss==na:ae¢am
DELIVERY
DATE: 6/18/86
DATE
PRINCIPAL
COUPON
INTEREST
PERIOD TOTAL
FISCAL TOTAL
10/ 1/86
334,184.17
334,184.17
4/ 1/87
501,276.25
501,276.25
835,460.42
10/ 1/87
185,000.00
4.750000
501,276.25
686,276.25
4/ 1/88
496,882.50
496,882.50
1,183,158-75
10/ 1/88
195,000.00
5.250000
496,882.50
691,882.50
4/ 1/89
491,763-75
491,763.75
1,183,646.25
10/ 1/89
210,000.00
5.750000
491,763.75
701,763.75
4/ 1/90
485,726.25
485,726.25
1,187,490.00
10/ 1/90
220,000.00
6.000000
485,726.25
705,726.25
4/ 1/91
479,126.25
479,126.25
1,194,852.50
10/ 1/91
235,000.00
6.250000
479,126.25
714,126.25
4/ 1/92
471,782.50
471,782.50
1,185,908.75
10/ 1/92
250,000.00
6.500000
471,782-50
721,782.50
4/ 1/93
463,657.50
463,657.50
1,185,440.00
10/ 1/93
265,000.00
6.750000
463,657.50
728,657.50
4/ 1/94
454,713.75
454,713.75
1,133,371.25
10/ 1/94
285,000.00
7.000000
454,713.75
739,713.75
4/ 1/95
444,738.75
444,738.75
1,184,452.50
.
10/ 1/95
310,000.00
7.200000
444,738.75
754,738.75
4/ 1/96
433,578-75
433,578.75
1,188,317.50
10/ 1/96
330,000.00
7.400000
433,578.75
763,578.75
4/ 1/97
421,368.75
421,368.75
1,184,947.50
10/ 1/97
360,000.00
8.250000
421,368-75
781,368.75
4/ 1/98
406,518.75
406,518.75
1,187,887.50
10/ 1/98
390,000.00
8.250000
406,518.75
796,518.75
4/ 1/99
390,431.25
390,431.25
1,186,950.00
10/ 1/99
420,000.00
8.250000
390,431.25
810,431.25
4/ 1/ 0
373,106.25
373,106.25
1,183,537.50
10/ 1/ 0
460,000.00
8.250000
373,106.25
833,106.25
4/ 1/ 1
354,131.25
354,131.25
1,187,237.50
10/ 1/ 1
500,000.00
8.250000
354,131.25
854,131.25
4/ 1/ 2
333,506.25
333,506.25
1,187,637.50
10/ 1/ 2
540,000.00
8.250000
333,506.25
$73,506.25
4/ 1/ 3
311,231.25
311,231.25
1,184,737.50
10/ 1/ 3
590,000.00
8.250000
311,231.25
901,231.25
1
4/ 1/ 4
266,893.75
286,893.75
1,188,125.00
10/ 1/ 4
640,000.00
8.250000
286,893.75
926,893.75
4/ 1/ 5
260,493.75
260,493.75
1,187,317.50
10/ 1/ 5
695,000.00
8.250000
260,493.75
955,493.75
4/ 1/ 6
231,825.00
231,825.00
1,187,318.75
10/ 1/ 6
755,000.00
8.250000
231,825.00
986,825.00
SCHEDULE IV
(continued)
r THE CITY OF TAMARAC, FLORIDA
PROPOSED WATER AND SEWER UTILITY BONDS, SERIES 1986
sss=sss=essas=aasF�s=
DEBT SERVICE SCHEDULE
s:a:as===xesa:ss=ns�a
DELIVERY DATE: 6/18/86
DATE PRINCIPAL COUPON INTEREST PERIOD TOTAL FISCAL TOTAL
4/ 1/ 7 200,681.25 200,681.25 1,187,506.25
10/ 1/ 7 820,000.00 8.250000 200,681.25 1,020,681.25
4/ 1/ 8 166,856.25 166,856.25 1,187,537.50
10/ 1/ 8 890,000.00 8.250000. 166,856.25 1,056,856.25
4/ 1/ 9 130,143.75 130,143.75 1,187,000.00
10/ 1/ 9 965,000.00 8.250000 130,143.75 1,095,143.75
4/ 1/10 90,337.50 90,337.50 1,185,481.25
10/ 1/10 1,050,000.00 8.250000 90,337.50 1,140,337.50
4/ 1/11 47,025-00 47,025-00 1,187,362.50
10/ 1/11 1,140,000.00 8.250000 47,025.00 1087,025.00
4/ 1/12 1,187,025.00
12,700,000.00 17,789,776.67 30,489,776.67
ACCRUED 47,342.76 47,342.76
12,700,000.00 17,742,433.91 30,442,433.91
ss==szs===vsxs ssxasaxxs=====
DATED 6/ 1/86 WITH DELIVERY OF 6/18/86
BOND YEARS 218,448.333
AVERAGE COUPON 8.144
AVERAGE LIFE 17.201
N I C % 8.143700 % USING 100.0000000
BOND INSURANCE: ... 0.800000 % OF
(TOTAL DEBT SERVICE ONLY) = 243,918.21
L.F.ROTHSCHILD, UNTERBERG, TOWBIN, INC.
RUNDATE: 06-10.1986 RUNTIME: 16:29:42
0
CAPITAL IMPROVEMENT PROJECTS 190S-86
To Be Funded By Bonds
Under Broward County 201 Concept
Total Bond
Est_ Cost Grant_- CIAC(7) Proceeds
Account Numbers
injection Well f 365,543(1) f -0- f -0- f 365,543
434-506-596-324
Deep
Engineering Costs
Project 84-2
Northwest Force Main 2,512,835(2) 512,738 -0- 2,000,097
434-510-595-324
Project 84-6
Sludge Dewatering 6 60,124(3) -0- 60,124
434-507-599-321
Composting
Project 84-7
858,100(4) -0- 858,100
434-513-598-324
Rehabilitate STP and
Telemetry System
Project 85-19
Drive 1,300,000 -0- 611,000 b89,000
A34-515-593-324
University
Utility Relocation
Project 86-2
_0_ 5,333,000
434-516 594-321
201 Pump Station 5,333,000 -0-
Force Main
Project 86-5
178,000 -0- _0- 178,000
434-517-594-324
Section 7 Force Main
a Pump Station
Project 86-7
200,000
434-518-594-324
sod Farm Sludge 200,000 -0- _0_
Removal 6 Backfill
project e6-8
664,230
434-519-594-324
TUW Admin/Maintenance 664,230(S) -0- _0-
Building
Project 86-13
37,100
434-516-594-110
county 201 Plan Rev. 37,100 -0- -0-
Project 86-11
457,118
434-516-594-440
201 Large User Leases 457,118(6) -0- _0_
Project 86-12
_0_ 550,000
434-520-594-]24
_0_
Sewage Pump Station 550,000
Modifications
Project 86-15
12,900
434-516-594-319
Feasibility Study 12,900 -0- -0-
Project 86-17 ________ ----------
312,258,950 $512,738 $ 611,000 $11,405,212
TOTAL
Hatfield and Stoner Project 2089-0 (paid $134,109.88)
and CH2M Hill (pa
(1) Williams,
$223,843.63, outstanding $7,589) total $365,543.
by CH2M Hill, are $2,100,000 for construction,
a $210,000(10'
(2) Revised costs, estimated
contingency, plus $202,835 engineering fees.
(3) CH2M Hill Engineering costs for grant application and predesign.
(4) Hazen 6 Sawyer Engineering Contract f68,100f Estimated Sewage Pump Station Telenet
Construction Cost $480,000 w $858,100.
Cost $310,000 and estimated STP
(5) Facility for both TUW and City Engineering Department. Only portion relating to T
cost $800,000.
included in Bond Issue. Total estimated project
(6)
Cost includ
debteserviceccoststPluso10iasurchargesforftreatmentfand/transmissionOcapacity-
(7) CIAC stands for Contribution in Aid of Construction.
EXHIBIT "D"