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<br /> BID FORM
<br /> CITY OF EVERE'I'T, WASHINGTON
<br /> UNLLMTTED TAX LEVY GENERAL OBLIGATION BONDS, 1958
<br /> William Cushman
<br /> Finance Director
<br /> City of Everett
<br /> Everett, Washington
<br /> Dear Sir:
<br /> For 56.600.000(Six Million Six Hundred Thousand Dollars) par valae Unlimited Tax Levy General Obligation Bonds.
<br /> :9:*: (the "Bonds")of the City of Everett, Washington, to he dated July 1, 1988, and maturing serially on July I of each
<br /> of the years 1989 through 2008. in the amounts shown herein, with interest payable semiannually on the fust days of July
<br /> and January of each year commencing on July 1, 1989, at the rate or rates specified herein until the Bonds ars paid, we
<br /> will pay$ (u r C C' ii O C ) , v° plus accrued interest from July I, 1988, to the date of delivery of the Bonds to us.
<br /> The schedule of maturities. interest rue Cr rater, the total interest coat, and the true interest ratc upon which this bid is
<br /> based, with interest computed from July 1. 1988, to the maturity dates of the Bonds, are as follows:
<br /> Maturity Principal Interest Maturity Principal Interest
<br /> Year Amount Rate Year Amount Rat.
<br /> 1989 8165,000 ._% 1999 $310,000 7.10%
<br /> 1990 175,000 —2.—% 2000 330,000 7-p20%
<br /> 1991 185,000 7.40% 2001 353,000 7.34%
<br /> 1992 195,000 _' 9; 2002 385,000 7 tin %
<br /> 1993 210.000 _0_1,1(2% 2003 415,000 '7.51' %
<br /> 1994 220.000 d'-`10% 2004 445,000 7.s O
<br /> 1995 235.000 0-409; 2005 480,000 '7.i-0,%
<br /> 1996 255,000 6,-7c% 20016 515,000 7'C3%
<br /> 1997 270,000 _(.`",a% 2007 560,000
<br /> 1998 720�
<br /> 240,000 �9b 2008 605,000 7.76_%
<br /> Our calculation, but not constituting any pan of the foregoing,of the total interest cost is $1.4).,337,•14 and of the true in-
<br /> terest cost is _9C- 7 556:7(0
<br /> This bid is submitted in accordance with and subject to all provisions contained in the official Notice of Bond Sale dated
<br /> July 13, 1988 and incorporated herein by reference.
<br /> A certified or bank cashier's check in the sum of$132,000 payable to the City of Everett is attached hereto, which check
<br /> is to be returned to us if this bid is not accepted. If this bid is accepted, said check shall be cashed and the proceeds may
<br /> be invested end retained by the City Treasurer and when the Bonds art delivered and paid for under the terms of this bid,
<br /> shall be considered as an advance part payment thereof, or shall he retained as and •r t1.•seated damages in case we tail
<br /> to take up and pay for the Bonds at the price agreed upon under the terms o+d�eid,
<br /> Reapectful!y submitted this 20th day of July, 1988. By; John A. /reach, Vice Pres. & Reg t l Mgr.
<br /> For, MERRILL LYNCH CAPITAL MARKETS
<br /> 400 So. Hope Street
<br /> 19th Floor
<br /> Los Angeles, Ca. 90071-9737
<br /> Good faith check returned and
<br /> receipt thereof acknowledged.
<br /> Signed:
<br /> Far
<br />
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