Resolution 2014-34 - Laserfiche WebLink

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Dated Date: Par Amount: Final Maturity: Interest Rate: Interest Payment Dates: Tax Status: Redemption: Rating: Pledged Revenue: Denominations: Additional Bonds: Closing Conditions: Louisville Revitalization Commission Core Area Infrastructure Project Term Sheet Amended , 2014 Closing date (30 days after final subdivision plat and final PUD approvals.) Not to Exceed $4,500,000. Final amount will be determined by LRC with reference to the financial consultant report and approved plans. December 1, 2033. Any amounts remaining unpaid will be discharged. 7 %. Simple interest calculated on a 30/360 basis. December 1 of each year, commencing the first December 1, after closing. Tax - exempt and taxable, Bank Qualified, Non -AMT LRC may redeem bonds at its option after the seven -year anniversary of the bond issuance. The pledged revenues after paying accrued but unpaid interest shall be used on each December 1 to prepay principal. None The property tax increment revenues from the Highway 42 Core Project TIF Area (as described in the map attached Exhibit A). The base value for determining the increment will be the 2012 assessed value as determined by the Boulder County assessor. The pledge is subordinate to obligations to the City pursuant to two Cooperation Agreements and to the County pursuant to an IGA. $500,000 Denominations or integral multiples of $1,000 above $500,000. No debt payable from the Pledged Revenue without consent of bondholders. Approval of the final subdivision plat and final PUD for the DELO project. Dedication of ROW for infrastructure. Execution of Core Area Infrastructure Agreement, in form and substance satisfactory to LRC and the City. Evidence the developer has obtained access to private financing adequate for completion of the DELO private improvements. Submittal of final construction plans for infrastructure. (Note: Developer shall be responsible for infrastructure costs in excess of amounts available from financing.)