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10A Action 2014 0902
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10A Action 2014 0902
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Last modified
9/15/2014 10:09:04 AM
Creation date
8/26/2014 5:28:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/2/2014
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_CC Agenda 2014 0902 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0902
SA Reso 2014-004
(Reference)
Path:
\City Clerk\City Council\Resolutions\2014
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<br />12 <br />date on or after September 1, 20__, as a whole or in part, by such maturities as will be <br />determined by the Successor Agency and by lot within a maturity, from any available source of <br />funds, at a redemption price equal to the principal amount thereof, together with accrued <br />interest to the date fixed for redemption, without premium. <br /> <br />Sinking Account Redemption. The 2014 Bonds maturing on September 1, 20__ and <br />on September 1, 20__ are subject to redemption in whole, or in part by lot, on September 1 in <br />each of the years as set forth in the following tables, from Sinking Account payments made by <br />the Successor Agency pursuant to the Indenture, at a redemption price equal to the principal <br />amount thereof to be redeemed together with accrued interest thereon to the redemption date, <br />without premium, or in lieu thereof shall be purchased pursuant to the succeeding paragraph, in <br />the aggregate respective principal amounts and on the respective dates as set forth in the <br />following tables; provided, however, that if some but not all of such 2014 Bonds have been <br />redeemed, the total amount of all future Sinking Account payments will be reduced by the <br />aggregate principal amount of such 2014 Bonds so redeemed, to be allocated among such <br />Sinking Account payments on a pro rata basis in integral multiples of $5,000 as determined by <br />the Successor Agency. <br /> <br />2014 Bonds Maturing September 1, 20__ <br /> <br />Sinking Account <br />Redemption Date <br />(September 1) <br /> <br />Principal Amount <br />To Be Redeemed <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2014 Bonds Maturing September 1, 20__ <br /> <br />Sinking Account <br />Redemption Date <br />(September 1) <br /> <br />Principal Amount <br />To Be Redeemed <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />In lieu of such redemption, amounts on deposit in the Sinking Account or the <br />Redevelopment Obligation Retirement Fund (to the extent not required to be transferred to the <br />Trustee pursuant to the Indenture) may also be used and withdrawn by the Successor Agency <br />at any time for the purchase of such 2014 Bonds at public or private sale as and when and at <br />such prices (including brokerage and other charges and including accrued interest) as the <br />Successor Agency may in its discretion determine. The par amount of any of such 2014 Bonds <br />so purchased by the Successor Agency in any twelve-month period ending on July 1 in any year
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