Laserfiche WebLink
<br />to register to bid or for any failure in the proper operation of, or have any liability <br />for any delays or interruptions of or any damages caused by the services of <br />PARITY@. The City is using the services of PARITY@ solely as a <br />communication mechanism to conduct the electronic bidding for the Bonds, and <br />PARITY@ is not an agent of the City. <br /> <br />If any provisions of this Terms of Proposal conflict with information provided by P ARITY@, this <br />Terms of Proposal shall control. Further information about P ARITY@, including any fee <br />charged, may be obtained from: <br /> <br />PARlTY@, 1359 Broadway, 2nd Floor, New York, New York <br />10018 <br />Customer Support: (212) 849-5000 <br /> <br />DETAILS OF THE BONDS <br /> <br />The Bonds will be dated December 1,2005, as the date of original issue, and will bear interest <br />payable on February 1 and August 1 of each year, commencing August 1,2006. Interest will be <br />computed on the basis of a 360-day year of twelve 30-day months. <br /> <br />The Bonds will mature February 1 in the years and amounts as follows: <br /> <br />2007 $120,000 2014 $460,000 <br />2008 $430,000 2015 $465,000 <br />2009 $430,000 2016 $480,000 <br />2010 $435,000 2017 $485,000 <br />2011 $445,000 2018 $120,000 <br />2012 $450,000 2019 $125,000 <br />2013 $450,000 <br /> <br />* The City reserves the right, after proposals are opened and prior to award, to increase or <br />reduce the principal amount of the Bonds offtred for sale. Any such increase or reduction will <br />be made in multiples of $5,000 in any of the maturities. In the event the principal amount of the <br />Bonds is increased or reduced, any premium offtred or any discount taken by the successful <br />bidder will be increased or reduced by a percentage equal to the percentage by which the <br />principal amount of the Bonds is increased or reduced. <br /> <br />Proposals for the Bonds may contain a maturity schedule providing for a combination of serial <br />bonds and term bonds. All term bonds shall be subject to mandatory sinking fund redemption <br />and must conform to the maturity schedule set forth above at a price of par plus accrued interest <br />to the date of redemption. In order to designate term bonds, the proposal must specify "Years of <br />Term Maturities" in the spaces provided on the Proposal Form. <br /> <br />BOOK ENTRY SYSTEM <br /> <br />The Bonds will be issued by means of a book entry system with no physical distribution of <br />Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, <br />representing the aggregate principal amount of the Bonds maturing in each year, will be <br /> <br />1819087vl <br /> <br />A-2 <br />