HomeMy WebLinkAboutCity of Tamarac Resolution R-86-263Introduced by (' ,,m _.-' Temp. Reso.
#4243
•
Revised 7/22/86
CITY OF TATMARAC, FLORIDA
RESOLUTION NO.
RESOLUTION PROVIDING FOR THE ISSUANCE OF
1
GENERAL OBLIGATION BONDS (CITY HALL
PROJECT), SERIES 1986, OF THE CITY OF
2
TAMARAC, FLORIDA, PURSUANT TO RESOLUTION NO.
R-84-121, AS AMENDED AND RESTATED; PROVIDING
3
FOR THE INTEREST PAYMENT DATES, AGGREGATE
PRINCIPAL AMOUNT, MATURITIES AND INTEREST
41
RATES FOR THE SERIAL BONDS, IF ANY;
PROVIDING FOR THE AGGREGATE PRINCIPAL
5
AMOUNT, INTEREST PAYMENT DATES, MATURITIES,
INTEREST RATES AND AMORTIZATION REQUIREMENTS
6
FOR THE TERM BONDS, IF ANY; PROVIDING FOR
THE PRINCIPAL AND INTEREST REQUIREMENTS FOR
7
THE BONDS; PROVIDING FOR REDEMPTION OF THE
BONDS; PROVIDING FOR A PAYING AGENT AND BOND
6
REGISTRAR FOR THE BONDS; APPROVING AND
AUTHORIZING THE EXECUTION AND DELIVERY BY
9
THE CITY OF A BOND PURCHASE AGREEMENT FOR
THE BONDS; AWARDING THE BONDS PURSUANT TO A
10
NEGOTIATED SALE; RATIFYING THE DISTRIBUTION
OF A PRELIMINARY OFFICIAL STATEMENT;
11
AUTHORIZING THE EXECUTION, DELIVERY AND
DISTRIBUTION OF A FINAL OFFICIAL STATEMENT;
12
AUTHORIZING THE EXECUTION AND DELIVERY OF
CLOSING DOCUMENTS; AND PROVIDING AN
13
EFFECTIVE DATE.
14
WHEREAS, the City Council (the "Council") of the
City
15
of Tamarac, Florida (the "City") intends to issue its General
16
Obligation Bonds (City Hall), Series 1986, ("Series
1986
l7
Bonds") pursuant to Resolution No. R-84-121, duly adopted on
18
April 25, 1984 as amended and restated by a Resolution
duly
19
adopted on July 23, 1986, (collectively the "Resolution"),
to
20
pay the Cost of the Project as such cost relates to
the
31
construction and equipping of a new City Hall, as defined in
22
the Resolution, and to pay for costs of issuance.
23
24
WHEREAS, the Council desires to fix the details of
the
25
Series 1986 Bonds including the maturities, interest rates
and
26
redemption provisions;
27
WHEREAS, as contemplated by the Resolution,
the
29
Council desires to approve the form and substance of a
Bond
29
30
Purchase Agreement (as hereinafter defined) with respect to
the
Series 1986 Bonds and authorize its execution and delivery;
and
31
32
WHEREAS, the Board desires to ratify the distribution
33
of the Preliminary Official Statement, and authorize
the
34
execution and distribution of the final Official Statement
for
the Series 1986 Bonds,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
TAMARAC, FLORIDA:
1
Section 1. The capitalized terms in this resolution
3 including the schedules attached hereto shall have the same
meaning as such terms in the Resolution.
5
Section 2. The issuance, execution and delivery of
the City's General Obligation Bonds (City Hall Project), Series
7
1986 (the "Series 1986 Bonds") in the aggregate principal
7f1 pa m ) /h on Yid we, h
amount of &Aa-5gn , D are hereby authorized
9
and approved.
10
11 Section 3. The Series 1986 Bonds shall be issued in
12 registered form only, in denominations of $5,000 or any
13 integral multiple thereof, dated as of July 1, 1986, numbered
14 consecutively from 1 upward, bear interest from their date
15 until their payment, payable semiannually on the first day of
lb each October and April of each year, commencing October 1, 1986
17 .(representing three months interest), shall bear the original
19 or facsimile signatures of the Mayor and the Clerk of the City,
19 and shall be issued in substantially the form set forth in
20 Exhibit A attached hereto.
21
Section 4. The Series 1986 Bonds shall bear interest
22
from their date until maturity at the rates, mature on the
23
dates and in the amounts, and be sold at the prices set forth
24
in Schedule I attached hereto.
25
26 Section 5. (a) A portion of the Series 1986 Bonds
27 shall be issued as Term Bonds in aggregate principal amounts,
28 maturities, not to exceed forty years, and Amortization
29 Requirements as set forth in Schedule II attached hereto.
30
31 (b) The Term Bonds shall be subject to mandatory
32 redemption by the City on October 1 of each year in the
33 principal amounts at the prices and without premium as set
34 forth in Schedule II attached hereto.
Section 6. The Series 1986 Bonds shall be subject to
redemption prior to their respective maturities, at the option
-2-
of the City, at the redemption prices, plus interest accrued
thereon to the date of redemption, as set forth in Schedule III
attached hereto. Included in Schedule III shall be the method
2
in which the Series 1986 Bonds shall be selected for redemption.
3
Section 7. Barnett Banks Trust Company, N.A.,
$ Jacksonville, Florida ("Barnett") is hereby designated as
6 Paying Agent and Bond Registrar for the Series 1986 Bonds and
7 shall perform such duties as are more fully described in the
6 Resolution, the Series 1986 Bonds and any supplemental
9 agreement between the City and Barnett.
10
ll Section 8. The Council has received a proposed
purchase contract for the Series 1986 Bonds (the "Bond Purchase
12
13 Agreement") dated July 23, 1986, with respect to the purchase
la of the Series 1986 Bonds by L.F. Rothschild, Unterberg, Towbin,
Inc. (the "Underwriter"). After having carefully considered
15
the matter, the Council hereby finds and determines that the
16
Bond Purchase Agreement is in the best interest of the City.
17
The Council hereby authorizes and approves the Bond Purchase
�S
Agreement and directs that it shall be executed by and on
19
behalf of the City by the Mayor of the City, with the official
20
21 seal of the City impressed or imprinted thereon and attested by
22 the Clerk or any Deputy Clerk of the City in substantially the
23 form presented to the Council at the meeting of the Council at
24 which this resolution is adopted and as attached hereto as
25 Exhibit B, subject to such changes, insertions and omissions
26 and such filling -in of blanks therein as may be approved by the
27 officers of the City executing the same pursuant to this
28
Section. The execution and delivery of such Bond . Purchase
29 Agreement for and on behalf of the City by such officers is
30
conclusive - evidence of the approval of such officers of any
31 such changes, insertions, omissions or filling -in of blanks.
32 Section 9. After having carefully considered the
33 matter, the Council hereby finds and determines that a
34 negotiated sale of the Bonds is in the best interest of the
City. The Council hereby awards the Series 1986 Bonds to the
-3-
Underwriter in accordance with the provisions of the Bond
Purchase Agreement for the purchase price set forth in the Bond
Purchase Agreement, and confirms its receipt of a disclosure
statement from the Underwriter complying with the provisions of
Section 218.385, Florida Statutes, as amended.
Section 10. The Series 1986 Bonds, upon their
execution, authentication, and registration, shall be delivered
to the Underwriter upon payment of the purchase price therefor,
all as more fully provided in and subject to the terms and
conditions of the Bond Purchase Agreement.
• Section 11. The Council approves and authorizes the
distribution of the Preliminary Official Statement and the
final Official Statement in the form attached hereto as Exhibit
C by the Underwriter 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 12. 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. The Bond Year for the Series 1986 Bonds shall
mean the period commencing on the first day of October and
ending on the thirtieth day of September of the ensuing year.
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 the Cost of the Project as such cost relates to the
constructing and equipping of a new City Hall and to pay all
the costs of issuance of the Series 1986 Bonds.
-4-
Section 14. 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 Agreement.
Section 15. This Resolution shall take effect
immediately upon its adoption.
PASSED, ADOPTED AND APPROVED this day
of , 1986.
}
ayor
Attest:
i
City Cle k
RECORD OF COUNCIL VOTE
I hereby certify that I
have approved the form and MAYOR: HART
correctness of this Resolution DlST i: C",w wA;ARO
City Attoinek ti DlS'r'- 3: C) M
,- 4: VI IY
4729D
072186/5/IDT
68687.0203
-5-
Iw
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EXHIBIT A
United States of America
State of Florida
County of Broward
CITY OF TAMARAC
General Obligation Bond
(City Hall Project)
Series 1986
INTEREST RATE: MATURITY DATE:
REGISTERED OWNER:
PRINCIPAL AMOUNT:
ORIGINAL ISSUE CUSIP NO.
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 the
registered owner named above, on the maturity date set forth
above, upon presentation and surrender of this Bond at the
principal corporate trust office of
, as paying agent (said
and/or any bank or trust company to become
successor paying agent being herein called "Paying Agent"), the
principal sum set forth above and to pay, interest thereon at
the interest rate per annum set forth above until payment of
such principal sum, such interest to the maturity hereof being
payable initially on October 1, 1986, and semiannually
thereafter on the 1st day of April and October of 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 Paying Agent mailed to the
registered owner at his address as it appears on the
registration books maintained by
, 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 prededing any
interest payment date (the "Record Date") and ending on the
interest payment date.
For the prompt payment of both principal hereof and
interest hereon as the same shall fall due, the full faith,
credit and taxing power of the City are hereby irrevocably
pledged.
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.
A-1
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4.
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• 31
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This Bond shall not be valid or become obligatory for
any purpose or be entitled to any security or benefit under the
Resolution (as defined herein) 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
Date of Registration:
, as Bond
Registrar
By:
Authorized Officer
[FORM ON REVERSE SIDE OF BOND]
STATEMENT OF VALIDATION
This bond is one of a series of bonds which were
validated by judgment of the Seventeenth Judicial Circuit of
Florida in and for the County of Broward, rendered
on , 19 .
This Bond is one of a duly authorized series of bonds
of- the City designated as GENERAL OBLIGATION BONDS (City Hall
Project), Series 1986 (the "Bonds"), issued for the purpose of
providing funds to pay the cost of planning, constructing,
installing, equipping and developing a new City Hall, all of
like date and issued or to be issued under and pursuant to
Resolution No. R-84-121, duly adopted on April 25, 1984 by the
City Council of the City as amended and restated by Resolution
No. , duly adopted on 1986 b the
• Y
City Council of the City (collectively the "Resolution"),
(reference to which and to a certain resolution adopted pursuant
thereto is hereby made for the provisions, among others, with
respect to the custody and application of the proceeds of the
Bonds, the rights, duties and obligations of the City under the
Resolution and the rights of the owners of the Bonds, and, by
the acceptance of this bond, the owner hereof assents to all
the provisions of the Resolution and such subsequent resolution.
This Bond is issued and the Resolution was adopted
under the authority of the Constitution and laws of the State
of Florida, the City of Tamarac Home Rule Charter, as amended
A--2
(the "Charter") and the Code of the City. The issuance of the
Bonds was duly approved by a majority of the qualified voters
of the City of Tamarac voting thereon at an election duly
1 called and held for that purpose.
2
REDEMPTION PROVISIONS
3
4 [To be established by resolution duly adopted by the Council]
5
If less than all of the Bonds of like maturity of any
b 1 series shall be called for redemption, the particular Bonds or
portions of Bonds to be redeemed shall be selected by lot as
7 provided in the Resolution.
8 If any of the Bonds are called for redemption, notice
thereof identifying the Bonds to be redeemed will be given by
9 the Bond Registrar by mailing a copy of such notice by
first-class mail, postage prepaid, not less than thirty (30)
10 days or more than sixty (60) days before such redemption date,
to the -registered owner of any Bond which is to be redeemed at
11 his last address appearing on the registration books. On the
date designated for redemption, notice having been mailed, all
12 as provided in the Resolution, the Bonds so called for
redemption shall become and be due and payable at the
13 redemption price provided for redemption of such Bonds on such
date, interest on such Bonds shall cease to be entitled to any
14 lien, benefit or security under the Resolutuon, and the
registered owners of such Bonds shall have no rights in respect
15 thereof except to receive payment of the redemption price
thereof.
16
The registered owner of this Bond shall have no right
17 to enforce the provisions of the Resolution, or to institute
action to enforce the covenants therein, or to take any action
19 with respect to any event of default under the Resolution, or
to institute, appear in or defend any suit or other proceeding
19 with respect thereto, except as provided in the Resolution.
20 Modifications or alterations of the. Resolution or of
any resolution supplemental thereto may be made only to the
21 extent and in the circumstances permitted by the Resolution.
22 In certain events, on the conditions, in the manner
and with the effect set forth in the Resolution, the principal
23 of all the Bonds then outstanding under the Resolution may
become or may be declared due and payable before the stated
24 maturities thereof, together with interest accrued thereon.
25 This Bond shall be registered as to both principal and
26 interest and shall not be registered as to "bearer."
The person in whose name any Bond shall be registered
27 shall be deemed and regarded as the absolute owner thereof for
all purposes and payment of or on account of the principal of
29 or interest on any such Bond shall be made only to or upon the
order of the registered owner thereof or his legal
29 representative, but such registration may be changed as herein
30 provided. All such payments shall be valid and effectual to
satisfy and discharge the liability upon such Bond to the
31 extent of the sum or sums so paid.
32 Any registered owner of any Bond is hereby granted
power to transfer absolute title thereto by assignment thereof
33 to a bona fide purchaser for value (present or antecedent)
without notice of prior defenses or equities or claims of
34 ownership enforceable against his assignor or any person in the
A-3
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
1 every such bona fide purchaser, and every such bona fide
= purchaser shall acquire absolute title thereof and to all
rights represented thereby.
3 (Form for Transfer)
4 FOR VALUE RECEIVED, , the
5 undersigned, hereby sells, assigns and transfers unto
6 (Tax Identification or Social Security No.
7 ) the within Bond and all rights thereunder, and
hereby irrevocably constitutes and appoints attorney
8 to transfer the within Bond on the books kept for registration
thereof, with full power of substitution in the premises.
9 Dated:
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1B
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32 4863D
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A-4
CITY OF TAMARAC, FLORIDA
GENERAL OBLIGATION BONDS
(CITY NALL PROJECT) SERIES 1986
zaztzzxzz*w'wz'swxzzzzzersrzzzzetsszzs;zzzzzwooz,
S O U R C E S A N D U S E S O F F U N D S
ssersezzpss�zzzzsasczasz�eseszasssssazzeszsszszsszs
DELIVERY DATE: a/ 7/a6
SOURCES
zszzazz
PAR AMOUNT OF BONDS .............•••••• 25,520,000.00
+PREMIUM /-DISCOUNT ................... 90.00
BOND PROCEEDS ..................
ACCRUED INTEREST........ 5.520,000.00
................................ 43,098.63
$5,563,098.63
USES OF FUNDS
zzsszasasazas
UNDERWRITERS DISCOUNT (x or COST OF ISSUANCE......S)..........( 1.686000X)... 93,067.20
.......
ACCRUED INTEREST.......... 70,OOO.D0
. NET CONSTRUCTION FUND AMOUNT ............................ 43,098.63
CONTINGENCY........ 5,355,000.00
1,932.80
$5,563,098.63
L.F. Rothschild, Unterberg, Towb;n, Inc.
RUNDATE: 07-22-1986 a 18:46:34 FILENAME: TAM KEY: ab
CITY OF
TAMARAC, FLORIDA
GENERAL
OBLIGATION BONDS
(CITY HALL PROJECT) SERIES 1986
:_=::::r=r*:w::emm■m=
DEBT SERVICE SCHEDULE
sasssssssssssassasssc
DELIVERY
DATE; 8/ 7/86
DATE
PRINCIPAL
COUPON
INTEREST PERIOD TOTAL
FISCAL TOTAL
10/
1/86
107.746.56
107,746.56
4/
1/87
215,493.13
215,493.13
323,239.69
10/
1/87
130,000.00
5.50D000
215,493.13
345,493.13
4/
1/88
211,918.13
211,918.13
557,411.25
10/
1/88
135,000.00
6.000000
211,918.13
346,918.13
4/
1/89
207,868.13
207,868.13
554,786.25
10/
1/89
145,000.00
6.250000
207,868.13
352,B68.13
4/
1/90
203,336.88
203,336.88
556,205.00
10/
1/90
155,000.00
6.500000
203,336.55
358,336.88
4/
1/91
198,299.38
198,299.38
556,636.25
10/
1/91
165,000.00
6.750000
198,299.38
363,299.38
4/
1/92
192,730.63
192,730.63
556,030.00
10/
1/92
175,000.00
7.000000
192,730.63
367,730.63
4/
1/93
186,605.63
186,605.63
554,336.25
10/
1/93
190,000.00
7.200000
186,605.63
376,605.63
4/
1/94
179,765.63
179,765.63
556,371.25
10/
1/94
205,000.00
8.125000
179,765.63
3B4,765.63
4/
1/95
171,437.50
171,437.50
556,203.13
10/
4/
1/95
1/96
220,000.00
8.125000
171,437.50
162,500.00
391,437.50
162,500.00
553,937.50
10/
1/96
235,000.00
8.125000
162,500.00
397,500.00
4/
1/97
152,953.13
152,953.13
550,453.13
10/
1/97
255,000.00
8.125000
152,953.13
407,953.13
4/
1/98
142,593.75
142,593.75
550,546.98
10/
1/98
275,000.00
8.125000
142,593.75
417,593.75
4/
1/99
131,421.88
131,421.88
549,015.63
10/
1/99
300,000.00
8.125000
131,421.88
431,421.88
4/
1/ 0
119,234.38
119,234.38
550,656.25
10/
1/ 0
325,000.00
8.125000
119,234.38
444,234.38
4/
1/ 1
106,031.25
106,031.25
550,265.63
10/
1/ 1
350,000.00
8.125000
106,031.25
456,031.25
4/
1/ 2
91,812.50
91,812.50
547.843.75
10/
1/ 2
380,000.00
8.125000
91,812.50
471,812.50
4/
1/ 3
76,375.00
76,375.00
548,187.50
10/
1/ 3
415,000.00
8.125000
76,375.00
491,375.00
4/
1/ 4
59,515.63
59,515.63
550,890.63
10/
1/ 4
450,000.00
8.125000
$9,515.63
509,515.63
4/
1/ 5
41,234.38
41,234.38
550,750.00
10/
1/ 5
485,000.00
8.125000
41,234.38
526,234.38
4/
1/ 6
21,531.25
21,531.25
547,765.63
10/
1/ 6
530,000.00
8.125000
21,531.25
551,531.25
CITY OF TAMARAC, FLORIDA
GENERAL OBLIGATION BONDS
(CITY HALL PROJECT) SERIES 1986
t GS__SSS===__SgFslr!!
DEBT SERVICE SCHEDULE
DELIVERY DATE: 8/ 7/86
DATE PRINCIPAL - COUPON INTEREST PERIM TOTAL FISCAL TOTAL
4/ 1/ 7 551,531.25
5,520,000.00 5,853,062.81 11,373,062.81
ACCRUED 43,098.63 43,098.63
5,520,000.00 5,8D9,964.19 11,329,964.19
DATED 7/ 1/86 WITH DELIVERY OF 8/ 7/86
BOND YEARS 72,865.000
AVERAGE COUPON 8.033
AVERAGE LIFE 13.200
N I C X 8.032749 X USING 100.0000000
L.F. Rothschild, Unterberg, Towbin, Inc.
RUNDATE: 07-22-1986 9 18:43:15 FILENAME: TAN KEY: 86
0
•
CITY OF TAMARAC, FLORIDA
GENERAL OBLIGATION BONDS
(CITY HALL PROJECT) SERIES 1986
xx==xx==xxt========xxxxxxxxxx
NET DEBT SERVICE REQUIREMENTS
xe=x=x=:xasxcxxsxxxccxxcxxxxx
DELIVERY DATE: 8/ 7/86
PERIOD
TOTAL CONSTR. FUND
DEBT SVC. RES.
NET SURPLUS FUNDS
ENDING
PRINCIPAL
COUPON
INTEREST
DEBT SERVICE EARNINGS
+ CAP. INT.
DEBT SERVICE REMAINING
10/
1/86
107,746.56
107,746.56
43,098.63
64,647.93
4/
1/87
215,493.13
215,493.13 154,334.55
61,158.58
TO/
1/87
130,000.00
5.500000
215,493.13
345,493.13 49,688.03
295,805.10
4/
1/88
211,918.13
211,918.13 1,840.30
210,D77.83
10/
1/88
135,000.00
6.0D0000
211,918.13
346,918.13
346,918.13
4/
1/89
207,868.13
207,868.13
207,868.13
10/
1/89
145,000.00
6.250000
207,868.13
352,868.13
352,868.13
4/
1/90
203,336.88
203,336.88
203,336.88
10/
1/90
155,000.00
6.500000
203,336.88
358,336.88
358,336.88
4/
1/91
198,299.38
198,299.38
198,299.38
10/
1/91
165,000.00
6.750000
198,299.38
363,299-38
363,299.38
4/
1/92
192,730.63
192,730.63
192,730.63
10/
1/92
175,000.00
7.000000
192,730.63
367,730.63
367,730.63
4/
1/93
166,605.63
186,605.63
186,605.63
1D/
1/93
190,000.00
7.200000
186,605.63
376,605.63
376,605.63
4/
1/94
179.765.63
179,765.63
179,765.63
10/
1/94
205,000.00
8.125000
179,765.63
384,765.63
394,765.63
4/
1/95
171,437.50
171,437.50
171,437.50
10/
1/95
220,000.00
8.125000
171,437.50
391,437.50
391,437.50
0
1/96
162,500.00
162,500.00
162,500.00
10/
1/96
235,000.00
8.125000
162,500.00
397,500.00
397,500.00
4/
1/97
152,953.13
152,953-13
152,953.13
10/
1/97
255,000.00
15.125000
152.953.13
407,953.13
407,953.13
4/
1/98
142,593.75
142,593.75
142,593.75
10/
1/98
275,000.00
8.125000
142,593.75
417,593.75
417,593.75
4/
1/99
131,421.88
131,421.88
131,421.88
10/
1/99
300,000.00
8.125000
131,421.88
431,421.88
431,421.88
4/
1/ 0
119,234.38
119,234.38
119,234.38
10/
1/ 0
325,000.00
8.125000
119,234.38
444,234.38
444,234.38
4/
1/ 1
106,031.25
106,031.25
106,031.25
10/
1/ 1
350,000.00
8.125000
106,031.25
456,031.25
456,031.25
4/
1/ 2
91.812.50
91,812.50
91,812.50
10/
1/ 2
380,000.00
8.125000
91,812.50
471,812.50
471,812.50
4/
1/ 3
76,375.00
76,375.00
76,375.00
10/
1/ 3
415,000.00
8.125000
76,375.00
491,375.00
491,375.00
4/
1/ 4
59,515.63
59,515.63
59,515.63
10/
1/ 4
450,000.00
8.125000
59,515.63
509,515.63
509,515.63
4/
1/ 5
41,234.38
41,234.38
41,234.38
10/
1/ 5
485,000.00
8.125000
41,234.38
526,234.38
526,234-38
4/
1/ 6
21,531.25
21,531.25
21,531.25
10/
1/ 6
530,000.00
8.125000
21,531.25
551,531.25
551,531.25
----•..------.
5,520,000.00
xxsxxxsxxcxcxs
--------------
5,853,062.81
xxxxxxxsasxxxx
----------------------------
11,373,062.81 205,862.87
xaxxx=======c= xmxxrxxxssx=xx
--------------
43,098.63
exxxx==c===ccx
----- --------
11,124,101- 31
x===m==»ca=x=
L.F. Rothschild, Unterberg, Towbin, Inc.
CITY OF TANARAC, FLORIDA
GENERAL OBLIGATION BONDS
(CITY HALL PROJECT) SERIES 1986
i iiiRFiiisiiiF■R`!
CONSTRUCTION FUND
EzzmMmiiiifiiiiii
DELIVERY DATE: B/ 7/86
DRAW
CONSTRUCTION
CONSTRUCTION
NET CONSTR.
INV. RATE CONSTR. FUND DEBT SERVICE CAPITALIZED
REMAINING
DATE
FUND BALANCE
DRAW NEEDED
FUND DRAW
OF DRAW EARNINGS RESERVE INT. EARNINGS
CONSTR. FUNDS
12/
1/86
5,355,000.00
446,250.00
446,250.00
5.000000
4,908,750.00
1/
1/87
4,908,750.00
446,250.00
446,250.00
5.000000
4,462,500.00
2/
1/87
4,462,500.00
446,250.00
446,250.00
5.000000
4,016,250.00
3/
1/87
4,016,250.00
446,250.00
446,250.00
5.000000
3,570,000.00
4/
1/87
3.570.000.00
446,250.00
446,250.00
5.000000
3,123,750.00
5/
1/87
3,123,750.00
446,250.00
446,250.00
5.000000
2,677,500.00
6/
1/87
2,677,500.00
446,250.00
446,250.00
5.000000
2,231,250.00
7/
1/87
2,231,250.00
446,250.00
446,250.00
5.000000
1,785,000.00
8/
1/87
1,785,000.00
446,250.00
446,250.00
5.000000
1,338,750.00
9/
1/87
1,338,750.00
446,250.00
446,250.00
5.000000
892,500.00
10/
1/87
892,500.00
446,250.00
446,250.00
5.000000
446,250.00
11/
1/87
446,250.00
446,250.00
446,250.00
5.000000
..............
5,355,000.00
iiiiiii!!!!!i!
..............
5,355,000.00
iiilitliXiiiii
.............. .............. ..............
L.F. Rothschild, Unterberg, Towbin, Inc.
RUNDATE: 07-22-1986 8 18:46:59 FILENAME: TAN KEY. 86
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0