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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