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CITY OF EVERETT
<br /> SNOHOMISH COUNTY, WASHINGTON
<br /> $2,756,250
<br /> LIMITED TAX LEVY GENERAL OBLIGATION BONDS, 1990 SERIES B
<br /> BID FORM
<br /> William Cushman
<br /> Director, Office of Financial Management
<br /> City of Everett
<br /> Everett,Washington
<br /> Dear Sir:
<br /> For$2,756,250(Two Million Seven Hundred Fifty-Six Thousand Two Hundred Fifty Dollars)par value Limited
<br /> Tax Levy General Obligation Bonds, 1990,Series B(the"Bonds")of the City of Everett,Washington,to be dated
<br /> October 1, 1990 and maturing serially on December 1 of each of the years 1991 through 2005, in the amounts
<br /> shown herein, with interest payable semiannually on the first days of June and December of each year
<br /> commencing on JurLe 1, 1991, at the rate or rates specified herein until the Bonds are paid, we will pay
<br /> $d2,11.26.1 (075. 44 plus accrued interest from October 1, 1990 to the date of delivery of the Bonds to us.
<br /> The schedule of maturities, interest rate or rates, the total interest cost, and the true interest rate upon which
<br /> this bid is based, with interest computed from October 1, 1990, to the maturity dates of the Bonds, are as
<br /> follows:
<br /> Maturity Principal Interest Maturity Principal Interest
<br /> Year Amount Bak Year Amount Baia
<br /> 1991 $116,250 6010 % 1999 $185,000 6fid %
<br /> 1992 120,000 (p.I o % 2000 200,000 .oo %
<br /> 1993 130,000 6.26 % 2001 215,000 7./0 %
<br /> 1994 135,000 % 2002 230,000 7.20 %
<br /> 1995 145,000 ,..441425-% 2003 245,000 7.3o %
<br /> 1996 155,000 6.5-0 % 2004 260,000 7.40 %
<br /> 1997 165,000 6.6,6 % 2005 280,000 '7.45 %
<br /> 1998 175,000 (o.7o %
<br /> Our calculation,but not constituting any part of the foregoing,of the total interest cost is$ I i F56,142. 4g'
<br /> and of the true interest cost is It 7.2120$277
<br /> This bid is submitted in accordance with and subject to all provisions contained in the official Notice of Bond
<br /> Sale dated September 21, 1990 and incorporated herein by reference.
<br /> A certified or bank cashier's check in the sum of$50,000 .00 payable to the City of Everett is attached
<br /> hereto, which check is to be returned to us if this bid is not accepted. If this bid is accepted, said check shall be
<br /> cashed and the proceeds may be invested and retained by the City Treasurer and when the Bonds are delivered
<br /> and paid for under the terms of this bid, shall be considered as an advance part payment thereof, or shall be
<br /> retained as and for liquidated damages in case we fail to take up and pay for the Bonds at the price agreed upon
<br /> under the terms of this bid.
<br /> Respectfully submitted this 3rd day of October, 1990. fp,,,,aBy: ,'c_-
<br /> For: SEATTLE-FIRST NATIONAL BANK
<br /> AND ASSOCIATES
<br /> Good faith check returned and
<br /> receipt thereof acknowledged.
<br /> Signed:
<br /> For:
<br /> x
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