|Dated||Due||Number Award||Coupon Rate||Yield||CUSIP|
|June 16, 2017||June 15, 2018||6,854,417||2.00%||0.95%||748508 MZ8|
CITY OF QUINCY, MASSACHUSETTS
$6,854,417 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 $6,854,417 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, purposes, original amounts authorized, dates of mayoral approval, and statutory references for the current offering of General Obligation Bond Anticipation Notes:
|This Issue||Purpose||Total Notes Outstanding (1)||Total Amount Authorized||Date Approved||Statutory Authority (M.G.L., as amended)|
|3,000,000||Land Acquisition (2)||3,000,000||10,000,000||12/20/2005 (Order 2005-245)||Ch. 44 s. 7(1) & 40Q|
|2,639,417||Beechwood Knoll & Menymount School Roof, Windows & Doors||2,639,417||6,752,145||1/19/2016 (Order 2016-003)||Ch. 70B|
|765,000||Sea Street Road & Traffic Improvements||765,000||765,000||4/28/2015||Ch. 44 s. 7(1)|
|450,000||Sea Street Land Acquisition||450,000||450,000||4/28/2015||Ch. 44 s. 7(1)|
(1) Payable June 16, 2017. To be renewed with the proceeds of this issue.
(2) See discussion relative to the City’s redevelopment of Quincy Center under “Industry and Commerce” and “Tax Increment Financing for Development Districts” herein.