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(h) Price. <br />(i) Other Terms and Conditions <br />(2) Mandatory Redemption, Any Bond may be <br />designated as a Term Bond, subject to mandatory <br />redemption prior to its maturity on the dates and in <br />the amounts set forth in the Bond Purchase <br />Agreement. <br />The purchase price for each Series of the Bonds may not <br />be less than 98.0% or more than 135.0% of the stated <br />principal amount of that Series. <br />(1) Parity Conditions Met. The Designated <br />Representative must be satisfied that the Parity <br />Conditions have been met to permit the Bonds to be <br />issued as Parity Bonds. <br />(2) Reasonably Expected Life. As of the Issue Date of <br />each Series, the Designated Representative must find <br />to the Designated Representative's satisfaction that <br />the average expected life of the capital facilities or <br />assets to be financed with the proceeds (or allocable <br />share of proceeds) of that Series exceeds the <br />weighted average maturity of such Series (or share <br />thereof allocated to financing those capital facilities). <br />(3) Tax Status of the Bonds. The Designated <br />Representative may designate any Series of the <br />Bonds as Tax -Exempt Bonds, Taxable Bonds, or Tax <br />Credit Subsidy Bonds, consistent with Section 20 of <br />this ordinance. <br />(4) Resei^ve Requirement. In approving the Sale Terms, <br />the Designated Representative shall determine <br />whether it is in the City's best interest to designate <br />the Bonds (or a Series of the Bonds) as Covered <br />Bonds and whether to provide for such Reserve <br />Requirement by Bond Insurance or other credit <br />enhancement or Reserve Securities; and may accept <br />such additional terms, conditions and covenants in <br />relation thereto as the Designated Representative <br />may determine are in the best interests of the City, <br />consistent with this ordinance. <br />