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<br />
<br /> 3. Ail action taken to date by the officials of the
<br />City with respect to the sale of the Bonds, including the
<br />action of the City Manager in causing to be published on
<br />April 19,' 1993 in The Bond Buyer, a financial newspaper
<br />published in the City of New ~York, New York, the Summary
<br />Notice of Sale, and the actionS~of the City Manager, the
<br />Director of Finance and otherilofficials of the City in
<br />causing to be distributed cOpies of a Preliminary Official
<br />Statement relating to the Bonds, dated April 16, 1993, the
<br />Detailed Notice of Sale and the Official Bid Form for the
<br />submission of proposals for the purchase of the Bonds in the
<br />respective forms thereof presented at the meeting of the
<br />Council at which this resolution is being adopted and the
<br />form and contents of such Preliminary Official Statement,
<br />Summary Notice of Sale, Detailed Notice of Sale and Official
<br />Bid Form, and the details of the Bonds described therein, are
<br />hereby approved, ratified andiconfirmed. The City Manager or
<br />the Deputy City Manager and the Director of Finance of the
<br />City are hereby authorized to prepare and deliver to the
<br />Purchase a final Official Statement relating to the Bonds,
<br />dated the date of adoption of this resolution, substantially
<br />in the form-of the Preliminary Official Statement, and to
<br />execute and deliver to the Purchaser the "CERTIFICATE
<br />CONCERNING OFFICIAL STATEMENT" described in such final
<br />Official Statement. The Preliminary Official Statement is
<br />"deemed final" for purposes of Rule 15c2-12 promulgated by
<br />the Securities and Exchange Commission pursuant to the
<br />Securities Exchange Act of 1934.
<br />
<br /> 4. a) The details of the Bonds are set forth in the
<br />Detailed Notice of Sale are hereby ratified and confirmed.
<br />In accordance with the Detailed Notice of Sale, the Bonds
<br />shall be dated May 1, 1993~ Shall be numbered from R-1
<br />consecutively upward in order of issuance~ shall be issue din
<br />fully registered form in the denomination of $5,000 each or
<br />any integral multiple thereof; and shall bear interest from
<br />their date payable on July 15, 1993 and semiannually on each
<br />January 15 and July 15 thereafter. The Bonds shall mature
<br />and become due and payable on July 15 in each of the years
<br />1994 to 2013, both inclusive, in the principal amounts set
<br />forth opposite each such year below, with the Bonds maturing
<br />in each such year bearing interest at the rate per annum set
<br />forth opposite such year, as follows:
<br />
<br /> Year Principal Interest Year Principal Interest
<br />July .15 Amount Rate Ju~y 15 Amount Rate
<br />
<br />1994 $245,000 3.95% 2004i . $495,00 4.65%
<br />1995 245,000 3.95 2005 810,000 4.80
<br />1996 245,000 4.00 2006 805,000 5.00
<br />1997 250,000 4.00 2007 795,000 5.10
<br />1998 250,000 4~05 2008 790,000 5.20
<br />1999 255,000 4.05 ~ 2009 780,000 5.25
<br />2000 505,000 4.05 2010 525,000 5.30
<br />2001 500,000 4.20 2011 200,000 5.35
<br />2002 500,000 4.35 2012 200,000 5.40
<br />2003 495,000 4.50 2013 200,000 5.40
<br />
<br /> b) The Bonds maturing on and after July 15, 2004
<br />(or portions thereof in installments of $5,000) shall be
<br />subject to redemption at the option of the City prior to
<br />their stated maturities, on or after July 15, 2003, in whole
<br />at any time, or in part on any interest payment date, from
<br />any moneys that may be made available for such purpose, in
<br />such order as may be determined by the City (except that if
<br />at any time less than all of the Bonds of a given maturity
<br />are called for redemption, the particular Bonds or portions
<br />thereof in installments of maturity are called for
<br />redemption, the particular Bonds or portions thereof in
<br />installments of $5,000 of such maturity to be redeemed shall
<br />be selected by lot), upon payment of the principal amount of
<br />the Bonds (or portions thereof in installments of $5,000) to
<br />be redeemed, together with the interest accrued thereon to
<br />
<br />
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