Resolution 3036 - Laserfiche WebLink

BID FORM CITY OF EVERETT, WASHINGTON LIMITED TAX LEVY GENERAL OBLIGATION BONDS, 1f88 William Cushman Finance Director City of Everett Everett, Washington Dear Sir. For 58,250.000(Eight Million Two Hundred Fifty Thousand Dollars) par value Limited Tax Levy General Obligatiun • Bonds, 1988 (the "Bonds")of the City of Everett, Washington, to be dated July 1, 1988, and maturing serially on July 1 of each of the years 1989 through 2003,in the amounts shown herein. with interest payable semiannually on the first days of July and January or cacti year commencing on July 1, 1989, at the nate ur rates spavined herein until the bonds are paid. we will pay$ � 06, 5O plus accrued interest from July 1, 1988,to the date of delivery of the Bonds to us. The schedule of maturities, interest rate or rates,the total interest cost, and the true interest rate upon which this bid is based, with interest computed from July 1, 1988. to the maturity dates of the Bonds, are as follows; Maturity Prilrcipl interest Year Amount Rate 1929 S340,000 7.?C% • 1990 360.000 „� 90 1991 380.000 c.15-% 1992 405.000 to % 1993 430.000 6,RO % 1994 460,000 a ti0 % 1995 490,000 6,-60% 19% 520,000 G•7S'% 1997 560.000 Ig-`10 % 1998 595.000 7 % 1999 640.000 Tit) % 2000 685.000 7d % 2001 735,000 2002 795,000 7-Y6 % 2003 855.000 7.s-0 % Our calculation, but not constituting any part of the foregoing, of the total interest cost is Si. and of the true in- terest cost is_%, - 7. P')/3 (, sI 519, '1 ) This bid is submitted in accordance with and subject to all provisions contained in the official Notice of Bond Sale dated July 13, 1988 and incorporated herein by reference. A certified or bank cashier's check in the sum of S165.000 payable to the City of Everett is attached hereto, which check is to be returned to us if this bid is not accepted. If this bid is accepted. said check call be cashed and the proceeds may be invested and retained by the City Treasurer and when the Bonds are d .•-red and pai. • under the terms of this bid, shall be considered as an advance part payment thereof, or shall be retai d as and f• •.u . ted damages in case we fail to take up and pay for the Bonds at the price agreed upon under the term •f th4 •. 7' i; L Respectfully submitted this 20th day of July, 1988. By: John A. , _ Vice Pres. & Reg'1 Mgr. For. MERRILL LYNCH CAPITAL MARKETS 400 So. Hope Street 19th Floor Los Angeles, Ca. 90071-9737 Good faith Check returned and receipt thereof acknowledged. Signed' For: