Fort Walton Beach Resolution — 07-26-Defeasing 2005 Bond/Fairgrounds — reading text

extent, if any, to which any change, modification, addition or elimination affects the rights of the holders of the Defeased Bonds or that any instrument executed hereunder complies with the conditions and provisions of this Section. SECTION 15. Counterparts. This Agreement may be executed in several counterparts, all or any of which shall be regarded for all purposes as one original and shall constitute and be but one and the same instrument. SECTION 16. Governing Law. This Agreement shall be construed under the laws of the State of Florida. Remainder of Page Intentionally Left Blank] 7  IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers and their corporate seals to be hereunto affixed and attested as of the date first above written. SEAL) FLORIDA MUNICIPAL LOAN COUNCIL Michael Sittig Executive Director Signature page to the Escrow Deposit Agreement] 8 SEAL) DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation By: Name: Title: By: Name: Title: SEAL) CITY OF FORT W ALTON BEACH, FLORIDA By: Name: Mike Anderson ATTEST: Title: Mayor By:A~~ J/ L- Name: Helen A. Sp . cer Title: City Clerk Approved as to form and legality this 27th day of November, 2007. By: Name: Patricia LoU Title: City Bond Counsel 9  SEAL) DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation By: Name: Title: By: Name: Title: SEAL) CITY OF FORT WALTON BEACH, FLORIDA By: Name: Mike Anderson ATTEST: Title: Mayor By: Name: Helen A.Spencer Title: City Clerk Approved as to form and legality this 27th day of November, 2007. By: ~ o1;Q~ ~ Name: Patricia Lou Title: City Bond Counsel 9 SEAL) By: Name: Title: SEAL) CITY OF FORT W ALTON BEACH, FLORIDA By: Name: Mike Anderson ATTEST: Title: Mayor By: Name: Helen A. Spencer Title: City Clerk Approved as to form and legality this 27th day of November, 2007. By: Name: Patricia Lott Title: City Bond Counsel 9  SCHEDULE A-I TOTAL DEFEASED BONDS DEBT SERVICE PERIOD PRINCIPAL INTEREST TOTAL ENDING 04/ 01/ 2008 $ 28, 340.00 $ 28, 340. 00 10/ 01/ 2008 $ 190, 000. 00 28, 340.00 218,340. 00 04/ 01/ 2009 25, 252.50 25, 252.50 10/ 01/ 2009 195, 000. 00 25, 252.50 220, 252.50 04/ 01/ 2010 22, 083. 75 22, 083. 75 10/ 01/ 2010 200, 000. 00 22, 083. 75 222, 083. 75 04/ 01/ 2011 18, 983. 75 18, 983. 75 10/ 01/ 2011 205, 000. 00 18, 983. 75 223, 983. 75 04/ 01/ 2012 15, 652.50 15, 652.50 10/ 01/ 2012 215,000.00 15, 652. 50 230, 652.50 04/ 01/ 2013 12, 024.38 12, 024. 38 10/ 01/ 2013 220,000. 00 12, 024.38 232, 024.38 04/ 01/2014 8, 284.38 8, 284.38 10/ 01/ 2014 230, 000. 00 8,248.38 238, 284.38 04/ 01/ 2015 4, 259. 38 4, 259. 38 10/ 01/ 2015 235, 000.00 4,259.38 239 ,259 .38 1.690. 000.00 $ 269.761. 28 $ 1.959. 761.28 Schedule A- I  SCHEDULE B- 1 SCHEDULE OF FEDERAL SECURITIES TO BE DEPOSITED IN DEFEASED BONDS ESCROW ACCOUNT ESCROW DESCRlP nONS Florida MlIIIICipal.Loarl Cowcil Defoosance of'FortWalton Beach, Series 2005D Final Verified Number$ ly1'601' Type of Maturity First lrlt Par Max SLOg Seoorit)' Dale Pm1 Date Amomrt Rate Rate Noy21, 2Q07: Sl(] Certifioote 04/ 0112008 04/1)11200 g 9. 155 3 380% 3 380" A SLO Certificate 10101/2008 : I 0/{} 1/ 2003 185,010 3.56<J% 3 560% SLG Note 10/ 01/2009 04/ 0112008 190, 088 3 470% 1 70%. SiG Note [ MH/ 2QIO 04/ 0J/ 2008 t 95, 346 3 4200/ 0 3420% StG Note Ia! QII2Qll 04/ 01J2008 2QO, 828 3 5 gO% 3 :5&O%' SIG Note 1010112012 IM/ O 112{)(); 8 21 1, 354 J 3. 75()% 75G'.%. SLO w N() 1010J120J3 0410112008 217, 024 3 850% 3. 8.500/" SLG NQle 04/0 1 I: W 14 041011200.& 351,811 3 89(}%3 890% S.LG Note 10/01/ 20'14 04/ 0112008 J 2{), 502 3 940% 3: 94{}% 1. 687,244 Apr' 1,2009: SIG Ro!lO\~ 1 Cert lQfOlt20W 459 Apt 1, 2010: SlG Rollover Cert 10m 1110 10 2,327 Apr 1, 2011: SLG Rollover Ce.rt ] oro lt2- 0ll 2,006 Apt I, 2012,: S[.( J Rollover C~rt 1010112012 1, 823 Apt 1, 2013: SIG Rolloyer Cert 1O/ 01/20U 1, 488 ApI 1, 2014: BiO Rollover Cmf 1010112014 1.15. 409 SLG Rollovet Out 04/011201 S 4, 259 SI.G Rotlovtr' Note 1010112015 239, 259 358. 927 2, 351 056,, SLOS Summary LGSRates F He I SNOVOl" Total Certificates of'Indebtedness 194; 225 00 ToW Notes 1, 49:3, 111900 10tal original SLOS 1, 681,244,00 Iotp[ R.oIJOvel SlOS 369, 10100 Schedule B- 1  SCHEDULE C- 1 NOTICE OF DEFEASANCE Certain of the Florida Municipal Loan Council Revenue Bonds, Series 2005D Dated: November 27, 2007 NOTICE IS HEREBY GIVEN that a portion of the following outstanding maturities of the Florida Municipal Loan Council Revenue Bonds, Series 200SD ( selected by lot in the case of such Bonds which mature October 1, 2008 through and including October 1, 2015) originally issued on September 23, 2005 ( the " Defeased Bonds"), have been defeased to maturity. The CUSIP numbers of such Defeased Bonds are set forth below: Defeased Original Bonds Due Principal Interest Original Principal New October 1) Amount Rate CUSIP No. Amount CUSIP No. 2008 $ 950,000 3. 250% 342815 TR8 $ 190, 000 342815 WW3 2009 975,000 3. 250 342815 TS6 195, 000 342815 WX1 2010 1, 010,000 3. 100