53-91 $1mil Sanitary Sewer Special Obligation Notes

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INVITATION FOR BIDR Sealed bids for the purchase of $ sanitary Sewer System S~ecial Obligation Bonds, (the "Bonds") of the City of Lakewood (the "Iasuer"), in the County of Cuyahoga and State of OhiO, will bereceived by the undersigned officer at her office in Lakewood City Hall, 12650 Detroit Avenue, Lakewood, Ohio 44107 until 2=00 p.m. Eastern Daylight Saving Time, on July , 1991, at Which' time the bids will be o~ened and read publicly. Bids fo~'-the Bonds, authorized by the legislation enacted on , 1991 and __, 1991, shall be sealed and endorsed "Bid for $ Sanitary Sewer System Special Obligation Bonds and each bid shall be made only for all or none of the BondS, and for purchase at not less than 97% of the par value thereof and accrued interest. Words and terms used in this Invitation for Bids as defined wordsand terms and not otherwise defined herein shall have the meanings given them in the Preliminary Official Statement dated .. , 1991 relating to the issuance of the Bonds (the "Preliminary Official Statement") and accompanying this Invitation for Bids. The Bonds, authorized by ordinances passed by the Council of the Issuer on , 1991 and June , 1991 (collectively the "Bond Legislation") are being issued for the purpose-of making certain improvements to, and acquisitions of certain machinery and equipment for, the City's sanitary sewer system as more fully described in the hereinafter defined Preliminary' Official Statement. The Bonds are being issued pursuant to Article XVIII, Section 3 of the Ohio Constitution, the Issuer's Charter, and the Bond Legislation. The Bonds will initially be dated July 1, 1991, and will bear interest payable semi-annually on June 1. and December i (each an 'Interest Payment Date") of each year, beginning December 1, 1991. The Bonds will mature on December 1 in each of the foilowing years in the following principal amounts= ~ear 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 .Principal Amount Maturinq $ ~.ERM BONDS ~ear Principal Amount Maturinq 2011 $ The Bonds maturing on December 1, 2011 are subject to mandatory 'redemption pursuant to mandatory sinking fund requirements at the redemption price of 100% of the principal amount to be redeemed plus interest accrued to the redemption date on December ! in the following years and in the following principal amounts=