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<br /> PRELIMINARY OFFICIAL STATEMENT DATED JUNE 159 2012
<br /> NEW ISSUE RATING:
<br /> $ BOOK-ENTRY ONLY S&P:"AA-"
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<br /> g In the opinion of Bond Counsel, based on existing statutes, regulations, rulings and court decisions, the interest on the
<br /> a g Bonds is excludable from gross income forfederal income tax purposes,subject to the condition that the City comply with
<br /> ° v all requirements of the Internal Revenue Code that must be satisfied subsequent to the issuance of the Bonds, and the
<br /> Bonds and interest thereon are exempt from all Arkansas state, county and municipal taxes. In the opinion of Bond
<br /> Counsel, interest on the Bonds is not an item of tax preference for purposes of the federal alternative minimum tax
<br /> gimposed on individuals and corporations, although it is included in book income in calculating the corporate alternative
<br /> ° T minimum taxable income.See LEGAL MATTERS, Tax Exemption herein.
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<br /> $25 900 000*
<br /> CITY OF BATEWILLE ARKANSAS
<br /> SALES AND USE TAS BONDS
<br /> SERIES 2012
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<br /> E° Dated:July 1,2012 Due:September 1,as shown below
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<br /> o = Princi al of and interest on the Bonds are payable from a pledge of receipts derived by the City of Batesville, Arkansas
<br /> d (the "City") from sales and use taxes levied by the City at an aggregate rate of 1%. Interest on the Bonds is payable
<br /> „s „ semiannuallyon March 1 and September 1 in each year, commencing March 1, 2013, and the Bonds mature (on
<br /> F° September 1 of each year),bear interest and are priced to yield as follows:
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<br /> MATURITY SCHEDULE*
<br /> $18,685,000 Serial Bonds
<br /> 5 �
<br /> '3 22013 $6Amount 40,000 Rate °o Yield °/ MMatt�unt $ 920Amount
<br /> Rat °/ Yield
<br /> ,000
<br /> c s 2014 730,000 2024 945,000
<br /> • L 2015 745,000 2025 980,000
<br /> x g 2016 760,000 2026 1,010,000
<br /> Q 2017 775,000 2027 1,050,000
<br /> o 0 2018 790,000 2028 1,095,000
<br /> o° 2019 815,000 2029 1,140,000
<br /> v IE 2020 840,000 2030 1,185,000
<br /> a q 2021 865,000 2031 1,230,000
<br /> °g Q 2022 890,000 2032 1,280,000
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<br /> E $4,155,000 %TERM BONDS Due September 1,2035 to Yield %
<br /> h $3,060,000 %TERM BONDS Due September 1,2037 to Yield %
<br /> "- (Accrued interest from July 1,2012 to be added)
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<br /> The Bonds of each maturity will be initially issued as a single registered bond registered in the name of Cede&Co.,the
<br /> s nominee of The Depository Trust Company("DTC"),New York,New York. The Bonds will be available for purchase in
<br /> $ ; book-entry form only, in denominations of$5,000 or any integral multiple thereof. Except in limited circumstances
<br /> a 32 described herein, purchasers of the Bonds will not receive physical delivery of Bonds. Payments of principal of and
<br /> c E > interest on the Bonds will be made by The Citizens Bank,Batesville,Arkansas,as the Trustee,directly to Cede&Co.,as
<br /> .n nominee for DTC,as registered owner of the Bonds, to be subsequently disbursed to DTC Participants and thereafter to
<br /> o �s the Beneficial Owners of the Bonds,all as further described herein.
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<br /> c a The Bonds are offered,subject to prior sale when as and if issued and received b the Underwriter named below,subject
<br /> to the approval of legality by Fridy ,Eldredge&when,
<br /> LLP , Little Rock,Arkansas,Bond Counsel,and subject to certain
<br /> v o other conditions.
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<br /> -aa This cover page contains information for quick reference only. It is not a summary of the issue. Investors must read the
<br /> A_
<br /> entire Official Statement to obtain information essential to the making of an informed investment decision.
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<br /> CMVVS8ASS0CW8S
<br /> U Dated: 2012. .E
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<br /> E a _ *Preliminary; subject to change.
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