City of Quincy $13,135,000 General Obligation Bond Anticipation Notes Issue on Sep 30, 2016

OFFICIAL STATEMENT
CITY OF QUINCY, MASSACHUSETTS
$13,135,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES

This Official Statement is provided for the purpose of presenting certain information relating to the City of Quincy, Massachusetts (the “City”) in connection with the sale of an aggregate $13,135,000 principal amount of its General Obligation Bond Anticipation Notes (the “Notes”). The information contained herein has been furnished by the City except information attributed to another governmental agency or official as the source.

Authorization of the Notes and Use of Proceeds

The following sets forth the principal amounts, date of mayoral approval, purposes, and statutory references for the current offering of General Obligation Bond Anticipation Notes:

This Issue Total Amount Authorized Date Approved Total Notes Outstanding Purpose Statutory Authority (M.G.L., as amended)
$5,000,000 $5,000,000 6/28/2016 $0 Citywide Road & Sidewalk Repair/Reconstruction C. 44 s. 7(6)
$5,325,000 $5,325,000 6/28/2016 $0 Equipment/Vehicles C. 44 s. 7(9)
$310,000 $310,000 6/28/2016 $0 City Buildings & Land Repairs/Improvements C. 44 s. 7(3A)
$100,000 $100,000 6/28/2016 $0 Sterling Middle School: Borings/Hazardous Material Testing C. 44 s. 7(21)
$1,400,000 $1,400,000 6/28/2016 $0 Land Acquisition (191 Adams Street & 205 Adams Street) C. 44 s. 7(3) & 44B
$1,000,000 $1,000,000 6/28/2016 $0 Quincy Center Redevelopment District Improvement Program C. 40Q
$13,135,000 $0

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