|
<br />.
<br />
<br />.
<br />
<br />~ ;
<br />
<br />.~'I'
<br />- 'I
<br />
<br />-~
<br />'!
<br />~l
<br />
<br />.'
<br />
<br />.
<br />
<br />.
<br />
<br />.
<br />
<br />"
<br />
<br />.'r
<br />
<br />II If
<br />,I
<br />..
<br />!
<br />
<br />.'
<br />I
<br />: '~'i'
<br />
<br />.,
<br />I .
<br />
<br />specify the ~ouqt df.the pr~p~~~nt which is t9, be ~ppli~9:~ In the event of prepayment while
<br />SunTrust Balik (the "B.ank"Y is the Holder ofrtpis Bond, the City may be required to pay the
<br />'Bank an ad4~h~naL fee (~ prepaymeqt dl(~~ge) deterip{ned in the J:l1aAner provided belo,w, to
<br />compen.sate the, -s'allk for aU. 'losses, 'costs and': expenses' incurrea. in- conn~ctiolJ.' with: such
<br />1: -_~ _ .. ',_' ,\ ... ~ , .. .... t" , , _ r l ',... " _ ~ i '
<br />prepaYment. THe fee shall be.equal to the present value of the difference betWeen (1) the amount'
<br />I - " '-"1' ,. r ' . ~ I .. '. I . i
<br />that would have b'een realized by the Bank on: the prepaid amount for the remaining term of the
<br />Bond 'at the the.~ ~~ll:rerit ate;of ii1ter~st on_ thJ B~l!dsiarid, (2) the amount th~t wo~td~ be r~ilized
<br />1?y th~ Ballf.by reinvesting .such prepaid funds' for tpe rem~ining term of theJ3(?!1p.i~t the F.~der:il
<br />Reserve H.15' Staiistica\ Release rate for~fixed-nite payers ip.interestrate s~aps: interpolated to
<br />" .. . I I _ J... . l' -" c . + II!' , i. t ,.1 ., ,. .1' - .
<br />the nearestl month~ .tliat was in 'effect tru;ee Business.Days prior to the Bon~ prertaytl\ent crate;
<br />I r . " _ '. -' ! . ' " II " I ! .' L I - ~ " 'I _ II ~ ~. .
<br />90th ~isco.untedr:t ~~e s~;e. 'interest utili1~~ in de~ermini~g .the, applicable at~ount in (f): Shoulq
<br />the.pre~~nt ~ahJe'r'J.yeno, ,value or a negat)veivalue, .\he, CIty may repay, Wltp no addlt1onal~ee.
<br />SHJii.1~ 'the, R~d,~ral Res~~eno lon"ger, r~lease,nNe~.f9r fi?Ced-rate paye~s in interest nite swap~;
<br />t~e ~!nlphay subs~itute< tl1e Federal' Re~erv~ H.l ~ Statistical Rely~se:with flIldtqensimilar index.
<br />7~e ~~~. sh~~l~ ?roWde l~he City, w.ith ,a wiitt~n sdt~~e'nt; explfidirig th~ ,calcp.lat.io~ of tlle
<br />f prerrllum due, Whlch'statement shall; III absence ofmamfest error, be conclUSIve and bIlldmg.
<br />I I i: . -. i_I'" 'I;' I
<br />I q , ,I I ,
<br />Partia\ pte~~yrii<=:nts lllaX be;mape; subject to a'prep~ym~rit char!?e base~ upon the same
<br />calculation inethoaolo~y, described, above. Any partial prepayment shall be applied to
<br />instailmerjts'ofpriqcip"al id tpejnv.~rse order,qfo1l}atliri.t~:an<d shall not po~tpode the due dates of,
<br />. or'reFevlelthe aif1bu~v~ 'oF ~y!~chepulep i~Q._st~lllne..n{PfyP.ients dpe hereunder. Any a}TIounts
<br />prepaid!hereupder; may' not bere-porrowed; For/purposes of the preceding paragraph, the term
<br />BusineSs Day shall m~ean anY day other than a;S~turday, ,Sunday or legal holiaay or other day on
<br />, .' ". t.., "" j Iii I !" _ '. ~ _~ $ I'to.... t.
<br />.\ which~thfeJ~~j~:a.uthorize1:orre~uired to flose. .'
<br />
<br />111 # ... 1 ~ 6
<br />I ~ I, -I t ! / ~. 1 ,
<br />
<br />. ::: Ipter~~t'atlthe le~s'er .of 1}% per annum'.orthe maximum lawful rate per annum shall be
<br />p<!Y.~bl~ or- tije ,.entir~ prinfi~~~ bal1vce 9wingihe~eunde~ frbr; and after'the occurrence of and
<br />dunng the~contIlll;latl9l)., of an Event of Default u~der! tile Loan Agreeme,nt Jbut only'after the
<br />pass4ge of' any fpplicable: gra~e period pelJPittecJ f?r such Event of Default), irrespective of a
<br />de~laratibn o:fmatUrity.,. !"! t ! ".! '
<br />! . II' i . I " .
<br />.... ~ j ~ ...- ~..., .. ..! ....
<br />
<br />,! rh~~ity..t6' the ex'te'rit peqnitteo by law her;eby waives pre~entment, demand, protest and
<br />i . ,. ~ I: 4 \' ~_ ~
<br />. . notice of dishonor., ,~' ! , . j " .
<br />I' Ii. i'~" . d " 'i I
<br />...- - ~ t t - t f<" t 'Iii
<br />.' ""Thjs Bopd is:issued pur~uant:to'(i) ari'Ordinance'and a Resbluiion,'b'othduly adopted'by
<br />: I i the. City :on~Mar~H '18, 20 i'o I( coi1~Ctively, the:t'Bbrid Ordinance"), for\ thepurpo;;e of finap.ciI)g a
<br />. . .. i '" .. ..... .. ; t _ ~ .. t . . _ r l ~ w ". _ _ _ '_ _" ,
<br />pOr!io~o.f the 1;:;C?~ts,o('d~,ve~opmerit of CitYP,foperty ~6r qty parks.to :be i\ocated on Coll,ins
<br />I Ave!1We' ~V~ ;S:qnny ISles'~ol!l.ev.ard,,, finaI1cing arc?ites:!u~al, engiI1eering, enviro~mental, legal
<br />anp other, Ipl~nn.iiig' b?st~ 'lelated'$h~ieto, and.. payiIlg, cqst~ of issuan~e 'of th~ bonds (the
<br />"Projech'), ,-lnd. (ii) i- ~6ap. ,Agreemerli,"dated:Of.even' qate herewith, betweep ,the City and the
<br />, ,.,- ( -, v. I I ~ I !" 1 ( , I! - i _ . I ' 'I
<br />Bank (the "Loan, Agreement'') and is subject to. ,all the terms and, conditions of the Loan
<br />. A~fef.rri~~r,l~!~ t~,misi ttpjI!Clit1?rls ap4:p.rp'y,!siorts.o}th~ Uban Agre~inenrare ~y this reference
<br />ther~tQ ~ncorp,or~trP hereih:,~~'.i'pillrt'o~thisl3giift! Tenps u~ed hep~in~in capitalized form and not
<br />" .~thewi~~-1efin~.d 'he~ein ~1?l1,t\ay~. f\i~ Ji1pl!.1i~g~ ~s,qiibed thereto,in thb L9.en {\~1l1ment.
<br />J ~ ,.~, ~ ," J .. :--,. .' -- , III t t .. j. ....-, :'~ _ . I t I ' r:
<br />' · I . - i J ..' ,. It ! I ,~ ' . . II f i ! i ' ,I... · . I' " I I . ' 1
<br />. ~ t . i., ,Th~ ~itYi lj~Sl CdV~~Ir~h,ed ~n? agr~ed jh~ tne 'yQap ~ir~'eIl}ent t~ fppropgate in_ i~s annual
<br />
<br />buqg~t;-by ~~endm!"I' eAt,: ifn~se~~~~y,fr<im 1'{9plAd ~~ilo}~I\1 ~e~e~ue~~I~!Vfullyav(lilaJ:>!e ,in eacq
<br />-, I -- !. .., .. , ". 1- "r .
<br />f 0;. ,. i r... l ' t" " ~ t f _~i _~ j, f . r ; ~,..! I
<br />(.. ......, I -~.. 1" ~. '..
<br />-:l ,I t ,
<br />"3
<br />
<br />;
<br />I
<br />
<br />I
<br />"' n
<br />
<br />~ '{MI887766...::1}
<br />f
<br />
<br />. I,
<br />
<br />( -
<br />
<br />t ~
<br />
<br />I,
<br />
|