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6088
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6088
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Last modified
12/6/2004 2:47:24 PM
Creation date
11/5/2014 12:21:22 PM
Metadata
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Template:
City Ordinances
Passed
12/16/1996
Ordinance Number
6088
Bill Number
8306
Introdate
11/18/1996
Description
Approving redevelopment agreement & issuance of T.I.F. (Scnucks)
Introduced By
Munkel
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EXHIBIT E <br /> <br />(TIF Note) <br /> <br />(Form of Note - Front Side) <br /> <br /> THE RIGHT TO TRANSFER, ASSIGN OR NEGOTIATE THIS NOTE SHALL <br />BE LIMITED TO TRANSFER, ASSIGNMENT OR NEGOTIATION TO ANY <br />ACCREDITED INVESTOR OR QUALIFIED INSTITUTIONAL INVESTOR, AS SUCH <br />TERMS ARE COMMONLY DEFINED FROM TIME TO TIME BY APPLICABLE STATE <br />AND FEDER3LL SECURITIES LAWS AND REGULATIONS. <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MISSOURI <br /> <br />REGISTERED <br /> <br />REGISTERED <br /> <br />NO. $ <br /> <br />THE CITY OF UNIVERSITY CITY, MISSOURI <br />TAX INCREMENT REVENUE ANTICIPATION NOTE <br /> <br />Dated Date: <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS <br /> <br />THE CITY OF UNVERSITY CITY, MISSOURI, a constitutional <br />charter city and political subdivision of the State of Missouri <br />(the "City") hereby acknowledges itself to owe and for value <br />received promises to pay to the Registered Owner identified <br />above, or registered assigns, but solely from the sources <br />hereinafter identified, on the <br />[Insert date] (the "Maturity Date") the amount of Two Million <br />Five Hundred Fifty One Thousand Five Hundred Dollars ($2,551,500) <br />(the "Principal Amount") unless the Principal Amount shall have <br />been redeemed prior to maturity as hereinafter provided. The <br />Principal Amount of this Note shall bear a rate of interest equal <br />to Eight and three eighths Percent (8.375%) from the Dated Date <br />shown above or from the most recent Interest Payment Date (as <br />hereinafter defined) to which interest has been paid or provided <br />for, payable semi-annually on March 1 and September 1 in each <br />year until the Principal Amount has been paid (the "Interest <br />Payment Date"). <br /> <br /> The Principal Amount of and interest on this Note is payable <br />in lawful money of the United States of America, and shall be <br />made to the Registered Owner hereof as shown on the registration <br /> <br />-23 - <br /> <br />STL-535046 <br /> <br /> <br />
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