1998-10-19 Resolution 130 - Laserfiche WebLink

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...,> • . • delivered, will be numbered consecutively, and will mature serially on March 1, in the years and estimated amounts as follows: Year Amount Year Amount 1999 $145,000 2006 $445,000 2000 190,000 2007 465,000 2001 240,000 2008 485,000 2002 305,000 2009 505,000 2003 365,000 2010 525,000 2004 415,000 2011 550,000 2005 430,000 2012 575,000 2013 605,000 Following the receipt of bids and determination of the successful bidder, the Authority reserves the right to resize the principal maturities of the Bonds to provide sufficient funding of the escrow account that will be established to refund the bonds hereinbelow described. THE AUTHORITY RESERVES THE RIGHT TO INCREASE OR DECREASE THE INDIVIDUAL PRINCIPAL AMOUNT OF THE BONDS MATURING IN THE YEARS 1999 THROUGH 2013 BY AN AMOUNT NOT TO EXCEED $100,000 PER MATURITY. IN NO EVENT SHALL THE RESIZING OF THE PRINCIPAL MATURITIES OF THE BONDS CAUSE THE TOTAL PRINCIPAL AMOUNT OF THE BONDS TO BE ISSUED TO EXCEED $7,000,000. It is anticipated that the final total principal amount of the Bonds and the final • principal amount of each maturity for the Bonds will be communicated to the successful bidder by 3:00 p.m. (South Bend time) on the date of the sale. The changes made to the total principal amount and the principal amount of each maturity for the Bonds will be made only as necessary to effect the advance refunding described herein, but the coupon rates specified by the successful bidder for all maturities will not change. The successful bidder may not withdraw its bid as a result of any changes made within these limits. :ODMA\PCDOCS\SBDOCS 1\2.4381\ l -2-