Laserfiche WebLink
BOND PURCHASE AGREEMENT <br /> City of Batesville,Arkansas September 10,2024 <br /> Attention: Mayor <br /> Ladies and Gentlemen: <br /> Certain terms used in this Bond Purchase Agreement are defined as follows: <br /> Issuer: City of Batesville,Arkansas <br /> Principal Amount: $110,000,000 <br /> Interest Rate: 0.75% <br /> Servicing Fee 1.0% per annum of the outstanding principal amount of the Bond (see <br /> Exhibit A) <br /> Bond: City of Batesville,Arkansas Sales and Use Tax Bond,Series 2024C <br /> Bond Counsel: Friday,Eldredge&Clark,LLP <br /> Bond Ordinance: Ordinance No. of the Issuer, adopted September 10, 2024, under <br /> which the Bond is to be issued and secured. <br /> Tax Ordinance: Ordinance No.2023-05-04 of the Issuer,adopted May 23,2023,levying the <br /> Tax. <br /> Tax: The sales and use tax levied by the Issuer at the rate of 1%for the payment <br /> of the Bond. <br /> Administrative Fee: $-0- <br /> Issuer's Notice City of Batesville,Arkansas <br /> Address: 500 E.Main St. <br /> Batesville,Arkansas 72501 <br /> Attn: Mayor <br /> Closing: 10:00 am.,prevailing local time,on October 22,2024,or at such other time <br /> or on such earlier or later date as is mutually agreed upon,at the offices of <br /> Bond Counsel in Little Rock,Arkansas. <br /> Authorizing Title 14,Chapter 164,Subchapter 3 of the Arkansas Code of 1987 <br /> Legislation: Annotated <br /> Disbursement <br /> Cut-Off Date: April 1,2028 <br />