$41,745,000 ADAMS 12 FIVE STAR SCHOOLS ADAMS COUNTY AND CITY AND COUNTY OF BROOMFIELD, COLORADO General Obligation Refunding Bonds, Series 2005B

Transcription

1 NEW ISSUE BOOK-ENTRY-ONLY INSURED RATINGS: Moodys Aaa Standard & Poors AAA STATE INTERCEPT RATINGS: Moodys Aa3 Standard & Poors AA- UNDERLYING RATINGS: Moodys Aa3 Standard & Poors AA- INSURANCE: FINANCIAL SECURITY ASSURANCE INC. (See MISCELLANEOUS Ratings) In the opinion of Kutak Rock LLP, Bond Counsel, under existing laws, regulations, rulings and judicial decisions and assuming the accuracy of certain representations and continuing compliance with certain covenants, interest on the Bonds is excluded from gross income for federal income tax purposes, is not a specific preference item for purposes of the federal alternative minimum tax, and under existing State statutes, interest on the Bonds is exempt from Colorado taxation, except inheritance, estate and transfer taxes. See TAX MATTERS. $41,745,000 ADAMS 12 FIVE STAR SCHOOLS ADAMS COUNTY AND CITY AND COUNTY OF BROOMFIELD, COLORADO General Obligation Refunding Bonds, Series 2005B Dated: Date of Delivery Due: December 15, as shown below The Bonds are being issued as fully registered obligations in the denomination of $5,000 or any integral multiple thereof. Interest on the Bonds, at the rates set forth below, is payable semiannually on June 15 and December 15, commencing December 15, Capitalized terms used on the cover page of this Official Statement are defined in the Introduction herein. American National Bank, Denver, Colorado, will act as Paying Agent for the Bonds and the Depository Trust Company, New York, New York, will act as securities depository for the Bonds. The Bonds will be issued in book-entry-only form and purchasers of the Bonds will not receive certificates evidencing their ownership interests in the Bonds. MATURITY SCHEDULE CUSIP Maturity Date (December 15) Principal Amount Interest Rate Yield CUSIP 1 Maturity Date (December 15) Principal Amount Interest Rate Yield CUSIP $1,030, % 2.60% AJ $2,425, % 3.69% AT , AK ,530, AU , AL ,640, AV , AM ,925, AW , AN ,765, AX , AP ,000, BA , AQ ,050, AY ,225, AR ,395, AZ ,325, AS1 1 The District takes no responsibility for the accuracy of CUSIP numbers, which are included solely for the convenience of owners of the Bonds. 2 Indicates a split maturity. Copyright 2005, American Bankers Association, Standard & Poors, CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. Proceeds from the sale of the Bonds will be used to advance refund a portion of the Districts outstanding general obligation debt and to pay the costs of issuance of the Bonds. See THE BONDS Use of Bond Proceeds. The Bonds are general obligations of the District and are secured by the Districts full faith and credit. All taxable property within the boundaries of the District is subject to ad valorem taxation without limitation as to rate or amount to pay the principal of and interest on the Bonds when due. The scheduled payment of principal of and interest on the Bonds when due will be guaranteed under an insurance policy to be issued concurrently with the delivery of the Bonds by FINANCIAL SECURITY ASSURANCE INC. The Bonds are subject to redemption prior to maturity as described herein. This cover page contains certain information for quick reference only. It is not a summary of this issue. Investors must read this entire Official Statement to obtain information essential to the making of an informed investment decision. The Bonds are offered when, as, and if issued by the District and accepted by the Underwriter named below, subject to the approval of legality and certain other matters by Kutak Rock LLP, as Bond Counsel, and subject to certain other conditions. Kutak Rock LLP has acted as Special Counsel to the District for purposes of assisting the District with the preparation of this Official Statement. Certain legal matters will be passed upon for the District by Caplan and Earnest LLC, Boulder, Colorado, as counsel to the District. It is expected that the Bonds will be available for delivery through the facilities of DTC on or about May 26, This Official Statement is dated May 11, 2005

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