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Ordinance 97-70
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Ordinance 97-70
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7/25/2019 9:32:52 AM
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Ordinances
Ordinance Number
97-70
Date
10/7/1970
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• <br /> 2 . Statement of Operating Income and Expense. <br /> 3 . Statement showing analysis of each fund including <br /> deposits , withdrawals and beginning and ending balances . <br /> 4 . General Balance Sheet. <br /> 5 . A statement showing the schedule of rates charged for <br /> each class of service as of the close of the fiscal year, the gross <br /> revenues received and the number of parking spaces . <br /> 6 . Schedule of insurance policies and fidelity bonds in <br /> force showing with respect to each policy and bond the nature and <br /> amount of risk covered, the expiration date and the name of the insurer. <br /> 7 . Names and titles of principal officers . <br /> 8 . If applicable, a statement of current assessed property <br /> valuation, tax rates , levies and collections of the City. <br /> 9 . A general statement concerning any events or circumstances <br /> which possibly might affect the financial status of the Project. <br /> Section 27 . The Series A Bonds and the Series B Bonds shall <br /> be sold after advertisement on sealed proposals to the highest and <br /> best private bidder or bidders submitting a bid or bids with an <br /> effective rate over the life of the Series A Bonds bid for of 4% per <br /> annum, or less , plus accrued interest to date of delivery, and over <br /> the life of the Series B Bonds bid for of 4-1/2% per annum, or less , <br /> plus accrued interest to date of delivery . Such bidders shall submit <br /> bids on the following blocks of maturities for each series of bonds : <br /> (1) All maturities in the years 1974 to 1980 , inclusive; <br /> (2) All maturities in the years 1981 to 1985 , inclusive; <br /> (3) All maturities in the years 1986 to 1990 , inclusive; <br /> (4) All maturities in the years 1991 to 1996 , inclusive; <br /> (5) The entire issue . <br /> If no such bid is received for part or all of the Series A <br /> Bonds and/or Series B Bonds , or if any such bid is received except a <br /> bid for all of the bonds of each series , then all of the remaining <br /> bonds not bid for shall be sold to the United States Government or any <br /> agency thereof submitting a sealed bid at the rate agreed upon for the <br /> Series A Bonds and the Series B Bonds in the Loan Agreement entered <br /> -27- <br />
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