23-05 Issuance/Sale of Bonds - Vedda Printing Project $400,000

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the Bonds are paid. Premium or accrued interest on the Bonds shall be paid into the Bond Retirement Fund. SECTION 6, The Fiscal Officer is hereby authorized to determine and specifY in the Certificate of Award the following tenus ànd provisions with respect to the Bonds' l) the aggregate principal amount, provided that such amount shaH not exceed the principal amount of $400,000; the interest rates on the Bonds~ provided that the weighted average- of suèh rates shall not exceed 7%; calculated by dividing the total interest payments for the issue (reduced by any premium or accrued interest paid as part of the price for the issue paid to the Original Purchaser by subsequent purchasers of the Bonds (the "reoffering price~'), and increased by any discount included in the reoffering price), by the prodnct ofthereoffering price and the weighted average maturity of the Bonds. For purposes of this subparagraph 2), the weighted average maturity is the sum of the products of the reoffering price of each maturity and the uumber of years to maturity (detennined separately for each maturity and by taking into account mandatory redemptions) divided by the reofferingprice of the entire issue; 3) the Purchase Price, provided that the amount thereof (excluding any portion thereof representing acèrued interest on the Bonds ITom their date to the date of their delivery) shaH be not less than uinety~seveu percent (97%) of the aggregate principal amount of the Bouds; 4) the date of the Bauds, provided that the Bonds shall be dated no later than December 1,2005; 5) the Interest Paymeut Dates, provided that the Interest Payment Dates shall occur semiannually, and provided further that the first futerest Payment Date shall occur no later than December 1, 2006; 6) the Principal Retirement Dates, the Term Maturity Dates, and the Mandatory Redemption Dates, provided that the first Principal Retirement Date shall be no later than December 1, 2006; 7) the Principal Retirement Schedule (including the Mandatory Sinking Fund Redemption Requirements), consistent with the principal payments deteffi!.ined in .accordance wjth the maximum maturity certified to thjs Council by the Fiscal Officer for the purpose specified in Section 1 of this Ordinance and the requirements of Section 133.21 of the Ohio Revised Code; 8) the Earliest Optional Redemption Date; provided, that such date shall occur no later than ten years rrom the first Priucipal Retirement Date of the Bonds; and 9) the Optional Redemptiou Prices, provided that no such Optional Redemption Price shall exceed 103% of the principal amount of the Bonds to be redeemed. SECTION 7, A preliminary official statemeut of the City relating to the original issnance of the Bonds is hereby authorized to be distributed, The Mayor and Fiscal Officer, or anyone of them, are authorized and directed to complete and sign, on hehalf of the City and in their official capacities; an official statement, with such modifications, changes and supplements ITom the preliminary official statement as those officers or anyone of them shall approve or authorize. Those officers are authorized, on behalf of the City and in their official capacities; to (i) determine, and.to certify or otherwise represent, when the official statement is "deemed final" (exc,ept for þerniÏtted omissions) by the City as of its date or is. a final official statement for purposes of SEC Rule 15c2·12(b)(I), (3) and (4), (ii) use and distribute, or authorize the use and distribution of, those official statements and any supplements thereto in connection with the original issuance of the Bonds, and (îîî) complete and- sign those official statements as so approved; together \Villi such certificates, statements or other documents in cormecrion with the finality; accuracy and completeness of those official statements {CTû124;1} 7 ""'.......