Official Statement Cover/Village County SewerNEW ISSIM, ""A
In the op nitm of Dorsey do Kirney, Bond Cowrie!, Wrier Atisting laws, rmgp1,Q1iw, ruling artd dacisioar, assuming c mapliaiwo �+*h cem an
rovrrt,rnr.r, h%orest on the series 19993 Bof4ix is arclwlable from gross ineon,e for purposes of federal inconse raraihvi wui State
individual incomr trurwion and is not an item of has pnVrorence in detarnuning federal alternative minimum tax applicable ,o individuals. See
*Tax Exemption and Relrared Co►tsaderatloru'.
OFFICIAL STATEMENT
r<# i i"`
COUNTYVILLAGE
FLATI-MAD COLWrY, MONTANA
REVENUESEWER SYSTEM REFUNDING BONDS
SERIES 1993
Dated: January 1, 1943 Due: August 1, as shown below
The Series 1993 :Bonds mature on August 1 in each of the years and amotirts set forth below and bear interest from the crate cf
original registration to their respective maturities or Prior dates upon which they have been duly callus
for redcruption at the rates
per aunutn as set forth below.
Interest
Yield To
Interest
afield T<-
XW
8
4
, .W.
U
at
t
1994
9 25,000
$.00%
5.007,
2001
$35,000
7.10%
7.10%
1995
25,000
5.50
5.50
2002
35,000
7,20
7.20
1996
25,000
6.00
6.00
2003
40,000
7,25
7,25
1997
25,000
6.25
6.25
2004
45,000
7.30
7.30
1998
30,000
6.50
6,50
2005
45,000
7.40
7,40
1999
301DW
6.75
6,75
2006
50,00d
7,50
7.S0
2000
35,000
7,OG
7.00
2007
55,000
7,50
7.50
200E
60,000
7.50
7,50
a $ All Bonds priced at Par a *
The Series 1993 Sands will be. issued in integral multiples of $5,000, of single maturities, and will be fury registered a✓ to principal
and interest. Interest will be payublo settai-atnnually on February 1 and August 1, co=enciol; Agrast 1, 1993, The District has
appninte4 Norwest Capital Management & Trust Co., Billings, Montana, as Paying Agent and Registrar ( The Registrar') for the
Series 1993 Bonds, Principal will be aayitble at the operations center of the Regstrar in Minneapolis, Minr,dsota. lnlere4t on eaeh
bones will be payable by chick or draft of the Registrar mailed to the regi ;tpred hoidcr ti creof at his ad(lress as it appurs oa the
registration books of the Registrar as of the I5tti flay of the month immesiatdy pre,�Gding aatch interest pay=c date.
The Series 1993 Bonds are special obligations of the Village County Sewer District, Flathead County, Montani, (the "District')
payable from the revenues in the Revenue Bond Account derived frog: the operation of the District's Scwemga System (the'System')
after payment of all necas- ary operating expenses of the System to the extent such revenues are available. prior to or oa Juno 30 of
the next ensuing tax yoar and to the extent such finds are not availabit> in sufficiont amounts from the colloctiuu•Y of .a apociSl tax
to be levied by tla>: District against all property Imated in the District, The Series 093 Bonds are not obligations or liabilities or tba
City of Kalispell, Flathead County or the State or Montana. T o Series 1993 Bonds are issued in accordance with the provisions
of Title 7, Chapter 13, P'atu 22 and 23, Montana Code tmotato4, for the purpose of tefuadi-ng tho Series 1984 Sewer System
Revenue Refunding Bonds of the District (the 'Refunded Bonds'). Ptocaads of tha Series 1993 Bonds will also be used to pay costs
associated with the issuance and We of the Series 1993 Bonds.
The Series 1993 Bonds maturing on or after August 1, 2001 are subject to redemption at the option of the District on August 1, 2000
and any interest payment date thereQner as set forth in this Official Stlattsment (See 'Optional Redemption'),
The Series 1993 Bonds are offeret3 when, as and if issued by the District, subject to prior sale, to withdrawal or modificatioa of tht
"ar without notiaa, a.cad to the op!A!Qra as tv logality apd tux, chcmption of tLy Series 1993 boadz by Dorsey ek.1ibimuy, arcat Fells,
.antaataa and Minneapolis, Mirulasots, Bond Countwl, It is expiated thnt tLo Series 1993 Bonds in definitive form will b-, available
for delivery on or about January 20, 1993, ,
® CO.
ImmrPOMW Manba 31PC
?"he date of this OfJYcial Statemerir is January 15, 1993
1
J '
..
Present
UYIUt Ott
lanut,ry N.
1993, Ueinu
Debt Service Interest Total Debt A Yield of
Payraem Data Principot PAW Yield Irtelut Service 7.192394509E
08-01.1993 S - $ 22,754,38 S 22,754.38 ffi 21,9.7 12
02.01-1994
19,503,75
19,503.75
18,133.97
08-01.1994
25,0w
5.00%
5.00
i9,503.75
44,503.15
39.941.79
02.01-1995
-
-
18,8"8,75
111.8?b. 5
16.355.37
09-01.1995
25,000
5.50%
5.50
18.878.75
43,878.75
3E_694.21
02-01-1996
-
-
18,191,25
18,191.25
14,684.60
08-01-1996
25,000
6.001%
6,00
19,191.25
43.19i 2$
33.655.14
02.01.1997
-
17,441.25
17.441,25
13,119 66
08.01.1997
25,000
6.25%
6.25
17,441,25
42,441.25
304814.57
02-01.1998
-
-
-
16r650.00
10,660.00
11,676,14
08•01.1998
301000
6.50%
6.50
16,660.00
46,660,00
31,56E-40
02.01.1999
-
-
15 685.00
15 6E5.00
i0,242.$4. .
09-01.1999
»._ .._....50;000
_........6.75%.........._....6
75......_
_... 15.685.00
0.685M,
28,798.27
02-0:-2000
..-.».
-^"14,672.50
08.O1-20at
�3s,
�;bU
7.00
.
49,672.50
29,175,69
02.01-2001
08-01-2001
35,00T_- 7,10%.,-
7.10
13,447.50
48,447.50
26,514.81
02-01-2002
09-01-2002
'
.�..»'_
35,00Q'r»
7,20%w
7.20
12,205,00
47,205.00
24,072. z
02-01-2003
�.. _
0"1,2003
40,000
7,2596
7.25
10ASA0
50,945,00
24,207.16
02.01-2004
• _... __...
- ._....
r_ .. 9,4 Y .i�Q......W _..,, _. , 4Pi,11�. _ __.w
JS4,445,00
,_..4 5 4�_ _ .». �r _ . _
08-01-2004
45,000
7.30%
7.30
9,495.00
24,127.44
02-01.2005
-
7,952,50.
7e$ 2_?4....._ .._...
.,355,_98 .. _ .......__.......
OB-01.2005
45,000 7.4U4b
_
9,40
_-............_
7,852.5P
sx,sS2,S0
11,803.82
02-01.2006
-
-
-
61187,50
6,197.50
2,463.99
08-01-2006
50,004
7:3�5�6 -` -
7:SC'
6,187.50�
SC,187,�0
21,598.27
02.01.2007
- - - 4,312.50
4,312,5011
1 6;g 6 _
.... . . . ..... ..., _.. .
08-01-2007
55,000 7,50% 7.50 _ '- "" 4;31' M
...,
59.312.50
........_
21,244.09
02-01.2008
• - 21250.00
2,250.t70
777.47
03-01-2008
601000 7,50% v 7.�Q w,2So,0o
62,zsa.�o
20,7?5,12 ,
S 560.000 $ 398,209.38 $ 966,209.38 S 562,058.73