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  • Montg Co Bonds Original Ser2006B Deferred

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    RENTAVOTER
    38 Ansichten170 Seiten
    This $63,750,000 road bond issue is part of those bonds approved in the 2005 bond election. Go to pdf Page 27 to confirm the troubling and perilous 22 year interest only repayment structure, then scroll to pdf page 141 to view the PASS THROUGH TOLL AGREEMENT negotiated and signed by Alan Barber Sadler, next go to pdf page 156 Scope of work that specifies direct connecter ramps from 1-45 to SH 242. Note pdf Page 146. Clause C. under the repayment section denies the people of Montgomery County the right to litigate with the State in ANY forum.

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    This $63,750,000 road bond issue is part of those bonds approved in the 2005 bond election. Go to pdf Page 27 to confirm the troubling and perilous 22 year interest only repayment structure, then scroll to pdf page 141 to view the PASS THROUGH TOLL AGREEMENT negotiated and signed by Alan Barber Sadler, next go to pdf page 156 Scope of work that specifies direct connecter ramps from 1-45 to SH 242. Note pdf Page 146. Clause C. under the repayment section denies the people of Montgomery County the right to litigate with the State in ANY forum.

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    Attribution Non-Commercial (BY-NC)
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    Markieren Sie unangemessene Inhalte
    38 Ansichten170 Seiten

    Montg Co Bonds Original Ser2006B Deferred

    Hochgeladen von

    RENTAVOTER
    This $63,750,000 road bond issue is part of those bonds approved in the 2005 bond election. Go to pdf Page 27 to confirm the troubling and perilous 22 year interest only repayment structure, then scroll to pdf page 141 to view the PASS THROUGH TOLL AGREEMENT negotiated and signed by Alan Barber Sadler, next go to pdf page 156 Scope of work that specifies direct connecter ramps from 1-45 to SH 242. Note pdf Page 146. Clause C. under the repayment section denies the people of Montgomery County the right to litigate with the State in ANY forum.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    von 170
    OFPIOIAL STATEMENT DATED JULY 24, 2006 The delivery ofthe Bonds is subjet othe opinion of Bond Counsel othe effect that, assuming conning compliance by the County afer ‘he date of sch opinion with cerain covenants described hertn intrest on uke Bonds during the Initial Rate Periods i excludable fom _ross income for federal income tx purposes under exsng fa and is ax inehudable Inthe computation of alternative minimum taxable ‘come for individuals. See “TAX MATTERS” herein fore discussion of the opinion of Bond Counel including the alternatvemintaum tax consequences fr corporations. NEW ISSUE: BOOK-ENTRY-ONLY Ratings: Standard & Poor's Ratings Services “AAA/A-14” ‘Moody's fnvestors Service “Asa/VMIG-(" $63,750,000 MONTGOMERY COUNTY, TEXAS Unlimited Tax Adjustable Rate Road Bonds ‘Series 20068 Dated: Invres:Accrus fom Date of Delivery Dus: March 1,38 shown onside cover page Ina Rate Periods Bod: September I, 5 shown on insie cover page The $63,790,000 Montgomery County, Texas, Unlimited Tax Adjustable Rate Rosd Bonds, Series 20068 (the “Bonde”), are being isued by the Commissioners" Court of Menigomery County, Texas (the “Couniy") pursuant to the terms of an omer adopted by the Commissioners’ Court ofthe County. The Bonds are inially offered in varios Inial Rate Periods and bear inerot st thee respective Inial Rates as indicated on the inside cover page hereof. See "THE BONDS.Determiaation of interest Rates, Rete Mode Changes” Daring the Intl Rate Periods, interest on the Boads wil be paid on cach Match | and September I, commencing September 1, 2006. See “THE BONDS-Sumnmary of Ceaain Provisions ofthe Bonds" The Bonds are sewed only in Gilly registered form, The Bonds ae issued in denominations of $5,000 of principal amount or any integral maple thereat “The definitive Bonds willbe inially epstred and delivered only to Cede & Co, the nominee of The Depository Trust Company (DTC) pursuant to the Book-Eowy-Only System dessibed herein. No physieat delivery ofthe Bonds will be made tothe benfiiat ‘owners thereot. Principal of and interest on the Bonds wil be payable by JPMorgan Chase Bank, NA the inital paying agentesisea (Ghe “Registrar” to Cede & Co, which will make dstebution ofthe amounts so paid to the partoipeting merrbers of DTC for subsequent paymentio the beneficial owners ofthe Bonds. See "THE BONDS ~ Book-Enty-Only System” hee, ‘The Bonds ao subject to optional and mandatory redemption prior t9 maturity, in whole or from time to time in par, as desribed herein, See “THE BONDS ~ Optional Redemption” and" Special Mandatory Redemption” Bond Holders will (@) hae she option to tender Bonds in an Adjustable Rate mode for purchase at «pre equ othe principe! mount ‘hereof, pls azrued interest, athe tines and subject co the conditions deseibe herein, (2) unless an election to retnin Bonds is made, be required o tender tei Bonde for purchase upon conversion of te inlerest rte onthe Bonds from ane Adjustable Rate rode te different Adjustable Rate mode: and (2) be required to tender thir Bonds for purchase, without right of retention, on the Fixed Rate Conversion Date and upon the orcurence of an even of default or expiration ofthe Liquidity Agreement. Soe "THE BONDS ~ Optional Tender” and “=-Tender Provisions.” Alt tenders are required to be made tothe Tender Agent ibe "Tender Agen”) iniialy JPMorgen Chase Bank NA. Tencered Bonds may be vemarkeed and remain outstanding. Sends tendered for purchase wil be paid frat form the proceeze of remarketing, if any, and secoad ffom money fuished pursuant toa Standby Bond Purehase Agroeinent (he "Liguiily Agre=ment”) bbeqveen the County and DEPFA BANK, pl, ectng dough its New ork Branch (toe "Bank. See "STANDBY BOND PURCHASE. AGREEMENT” and "APPENDIX £-—Matetal Provisions of Sindy Bond Purchase Agreemen. OS DEPFA BANK ‘The Liquidity Agreement does not constitute security or credit enhancement for the Bonds, but serves asa source of liquidity to pay the purchase price of tendered Bonds only. Under cetaln circumstances, te obligation ofthe Bank to purchase Bonds may be ferminated without notie. See "STANDBY BOND PURCHASE AGREEMENT” and “APPENDIX E ~ Material Provisions of Standby Bond Purchase Agreement ~ Events of Defaule”. The scheduled payment of principal of and interest on the Bonds when due will be guarantoad unr an insurance polly tobe isuod

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