Cedar Rapids Bank named forward purchaser for bonds

Not to exceed $20,300,000 (all or a portion of the Chambers Court Bonds)

FINANCIAL_SERVICES

Purchase of Bonds from Initial Bond Purchaser upon completion of rehabilitation and construction and satisfaction of conditions; bonds mature not later than 40 years from issuance or April 1, 2056, depending on series

2056-04-01

Forward purchase arrangement following completion and conversion of the Chambers Court project; no explicit renewal or extension terms are described beyond bond maturities.

Agenda