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Table of Contents <br />SUMMARY STATEMENT .......................................................................................................................... ..1 <br />The County .................................................................................................................................................... .. l <br />Date of Issue .................................................................................................................................................. .. l <br />Use of Proceeds ............................................................................................................................................. ..1 <br />Condominium Ownership ............................................................................................................................. ..2 <br />Securiry .......................................................................................................................................................... ..2 <br />Authorization ...................................................................:............................................................................. .. 3 <br />Prepayment .................................................................................................................................................... .. 3 <br />Tax Exempt Status ......................................................................................................................................... ..3 <br />Denom inations ............................................................................................................................................... .. 3 <br />Book-Entry Certificates ................................................................................................................................. ..3 <br />Delivery ......................................................................................................................................................... ..4 <br />Financial Statements ...................................................................................................................................... ..4 <br />Additional In formation .................................................................................................................................. ..4 <br />INTRODUCTION ....................................................................................................................................................... ..5 <br />THE 1998 CERTIFICATES ........................................................................................................................................ ..5 <br />General Description ....................................................................................................................................... ..5 <br />The Security .................................................................................................................................................. ..6 <br />Bond Insurance .............................................................................................................................................. ..7 <br />The Mortgage ................................................................................................................................................ ..7 <br />Financing Payments Subject To Annual Appropriation ................................................................................ ..8 <br />Remedies Upon County's Failure To Appropriate ........................................................................................ ..8 <br />Additional Certificates ................................................................................................................................... l l <br />Authorization And Purpose ........................................................................................................................... 1 t <br />USE OF PROCEEDS .................................................................................................................................... 12 <br />TABLE 1- SOURCES AND USES OF FUNDS ......................................................................................... 12 <br />Debt Service .................................................................................................................................................. 12 <br />TABLE 2- CERTIFICATE DEBT SERVICE REQUIREMENTS .............................................................. 12 <br />Interest ........................................................................................................................................................... 12 <br />Tota1 .............................................................................................................................................................. 12 <br />PREPAYMENT ........................................................................................................................................................... 13 <br />Optional Prepayment ..................................................................................................................................... 13 <br />Mandatory Sinking Fund Prepayment ........................................................................................................... 13 <br />Prepayment Upon Damage, Destruction or Condemnation .......................................................................... 14 <br />Prepayment from Surplus Proceeds ............................................................................................................... 14 <br />Notice of Call for Prepayment ....................................................................................................................... 14 <br />BOOK-ENTRY ONLY SYSTEM ............................................................................................................................... 15 <br />THE COURTHOUSE SQUARE PROJECT ............................................................................................................... 17 <br />History of Courthouse Square Project ........................................................................................................... 17 <br />The Project .................................................................................................................................................... 18 <br />Development Agreement ............................................................................................................................... 19 <br />TABLE 3- SOURCES OF FUNDING ......................................................................................................... 21 <br />Transit District ............................................................................................................................................... 21 <br />Insurance ....................................................................................................................................................... 21 <br />ANNUAL DISCLOSURE INFORMATION .............................................................................................................. 22 <br />BASIS OF ACCOUNTING .......................................................................................................................... 22 <br />FISCAL YEAR ............................................................................................................................................. 22 <br />AUDITS ........................................................................................................................................................ 22 <br />~Preliminary, subject to change <br />ii <br />