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Augusta Richmond GA
DOCUMENT NAME: \Dte.'( ~\\(}
DOCUMENT TYPE: y~\~C()
YEAR:Yl
BOX NUMBER: 0 Q
FILE NUMBER: \ ~5
NUMBER OF PAGES: \L\
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RESOLUTION
A RESOLUTION OF THE AUGUSTA-RICHMOND COUNTY (THE "LESSEE"),
AUTHORIZING, INTER ALIA, THE ANNUAL APPROPRIATION OF ALL AMOUNTS
REQUIRED PURSUANT TO LESSEE'S PARTICIPATION IN THE POOLED LEASE
PROGRAM SPONSORED BY GEORGIA MUNICIPAL ASSOCIATION.
DATED: February 18, 1997
WHEREAS, Lessee is participating in the Georgia Municipal Association, Inc.
("GMA") sponsored pooled lease program (the "Program") for the acquisition of equipment
to be used by participating political subdivisions of the State of Georgia (the "Equipment");
and
WHEREAS, pursuant to the Program, Lessee entered into (i) a Lease Agreement
Dated as of December I, 1990 by and between GMA and Lessee (the "Lease") pursuant to
which GMA leases the Equipment to the Lessee and (ii) an Administration and Servicing
Agreement dated as December 1, 1990 (the "Servicing Agreement"), among Wachovia Bank
of Georgia, N .A., Atlanta, Georgia, as servicer (the "Servicer"), W achovia Bank of Georgia,
N.A., as Trustee, GMA and each lessee participating in the program (including Lessee),
pursuant to which Servicer services the collection and transmittal of payment for the Leases
for GMA and transfers the moneys collected pursuant to the Servicing Agreement; and
WHEREAS, certificates of participation ("Certificates") have been issued pursuant
to a Trust Agreement dated as of December 1, 1990, by and between Wachovia Bank of
Georgia, N.A., as trustee ("Trustee"), and GMA evidencing undivided interests in the Lease
payments; and
WHEREAS, in connection with the issuance of the Certificates and the creation of
the Program, (i) Municipal Bond Investors Assurance Corporation (the "Credit Facility
Issuer") issued its financial guaranty insurance policy (the "Policy") and entered into the
Reimbursement and Indemnity Agreement by and between the Credit Facility Issuer, The
Trustee, the Servicer and GMA (the "Credit Facility Reimbursement Agreement"); (ii)
Credit Suisse, New York Branch ("Bank"), has agreed to purchase Certificates tendered
pursuant to tender rights under the Trust Agreement in accordance with the terms of a
Standby Purchase Agreement dated as of December 1, 1990 by and among the Trust, GMA,
the Bank, the Servicer and the Tender Agent (the "Standby Purchase Agreement"); (iii)
Chemical Bank serves as tender agent (the "Tender Agent") pursuant to a tender agent
agreement dated as of December 1, 1990 by and among the GMA, the Trust, the Servicer,
and the Tender Agent (the "Tender Agent Agreement"); (iv) BT Securities Corporation and
at such time as specified in the Trust Agreement, Chemical Securities Inc., will serve as
remarketing agents (referred to collectively hereafter as the "Remarketing Agent"), pursuant
to a remarketing agreement dated as of December I, 1990 by and among the Remarketing
Agent, the GMA, the Tender Agent, the Trustee and the Servicer (the "Remarketing
Agreement"); and
WHEREAS, pursuant to the Lease Agreement, Lessee is required to appropriate
annually the Minimum Annual Appropriated Amount set forth on Schedule A hereof; and
WHEREAS, in order to give effect to, and comply with, the foregoing agreements
and instruments, and in order to authorize payment of its obligations incurred thereunder
(collectively, the "Program Obligations"), either (i) the Lessee has available to satisfy
Program Obligations uncommitted and unappropriated funds in this current operating budget
in an amount not less than the Minimum Annual Appropriated Amount as set forth in
Schedule A or (ii) the Lessee must amend its current operating budget in accordance with
Title 36, Chapter 36-81-5 of the Official Code of Georgia Annotated (the "Code") to
authorize the payment of the Program Obligations; and
WHEREAS, if required, in order to amend its current operating budget, the Mayor
and Council of Lessee have heretofore taken the following actions, all in accordance with
Title 36, Chapter 81 ofthe Code: (i) through the Lessee's budget officer, prepared a
proposed amended budget providing for payment of Lessee's Program Obligations in
accordance with the requirements of Code Section 36-81-5(b) (the "Amended Budget", a
copy of which is attached hereto as Schedule B) which was previously submitted to the
Mayor and Council of the Lessee, (ii) at the time ofreceipt of the Amended Budget from the
Lessee's budget officer, placed a copy of the Amended Budget in a public place in the
Lessee, which place is convenient to the resident's of the Lessee, (iii) published a notice in
the official organ of the Lessee advising residents of the Lessee that the Amended Budget is
available for inspection; (iv) conducted a public hearing on the Amended Budget at least one
week prior to the date hereof; and (v) taken all other action necessary to effect the foregoing;
NOW, THEREFORE, BE IT RESOLVED, as follows:
Section I. Confirmation and Reaffirmance of Program Obligations. The Lessee does
hereby confirm, ratify and reaffirm all the Program Obligations, including, expressly, the
Lease and the Servicing Agreement.
Section II. Appropriation: Amendment of Budget. In order to give effect to, comply
with, and assume the liabilities associated with, the foregoing approvals, and authorize the
expenditure of the amounts required to be expended pursuant to the Lease Agreement and
the Servicing Agreement the Lessee does hereby adopt, ratify and approve the Amended
Budget attached hereto as Schedule B or commit those portions of the current budget set
forth on Schedule B to the payment of the Program Obligations and does hereby appropriate
and commit moneys in an amount not less than the Minimum Annual Appropriated Amount
to payment of Program Obligations for the current calendar year.
Section Ill. No Personal Liability. No stipulation, obligation or agreement herein
contained or contained in the Lease, the Trust Agreement, the Servicing Agreement, the
Standby Purchase Agreement, the Tender Agent Agreement, the Remarketing Agreement, or
the Credit Facility Reimbursement Agreement shall be deemed to be a stipulation, obligation
or agreement of any councilman, chairman, officer, agent or employee of the Lessee in his or
her individual capacity, and no such councilmember, chairman, officer, agent or employee of
the Lessee shall be personally liable on the Certificates or be subject to personal liability or
accountability by reason of the issuance thereof.
Section IV. General Authority. From and after the execution and delivery of the
documents hereinabove authorized, the Mayor and the Clerk are hereby authorized,
empowered and directed to do all such acts and things and to execute all such documents as
may be necessary to carry out and comply with the provisions of said documents as executed
and are further authorized to take any and all further actions and execute and deliver any and
all other documents and certificates as may be necessary or desirable to document
compliance with the Code.
Section V. Actions Approved and Confirmed. All acts and doings of the officers of
the Lessee which are in conformity with the purpose and intents of this Resolution shall be,
and the same hereby are, in all respects approved and confirmed.
Section VI. Severability oflnvalid Provisions. If anyone or more of the agreements
or provisions herein shall be held contrary to any express provision of law or contrary to the
policy of express law, though not expressly prohibited, or against public policy, or shall for
any reason whatsoever be held invalid, then such covenants, agreements or provisions shall
be null and void and shall be deemed separable from the remaining agreements and
provisions and shall in no way affect the validity of any of the other agreements and
provisions hereof or of the Certificates authorized hereunder.
Section VII. Repealing Clause. All Resolutions or parts thereof the Augusta-
Richmond County in conflict with the provisions herein contained are, to the extent of such
conflict, hereby superseded and repealed.
Section VIII. Effective Date. This Resolution shall take effect immediately upon its
adoption.
ADOPTED this /~ay of kRII~ /'/17.
{CORPORATE SEAL]
Augusta-Richmond County
Attest:
d!f;;{)k
SCHEDULE A
1. Augusta-Richmond County's pro-rata share of the principal amount of the Georgia
Municipal Association Pool is $4,832,143.00.
2. Augusta-Richmond County's Minimum Annual Appropriated Amount for the year
ending December 31, 1997 is $1,713,236.72, to wit:
Interest and Administrative Expense @ 16.75%
$ 809.383.95
Basic Lease Payments due November 30, 1997
$ 903.852.77
Total
$1.713.236.72
...
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
14-Aug-96 20-Aug-96 3.7000% 4.9500% 5.1500% 3.6500%
21-Aug-96 27-Aug-96 3.5000% 4.8100% 5.0100% 3.5100%
24-Aug-96 3-Sep-96 3.4000% 4.8200% 5.0200% 3.5200%
4-Sep-96 10-Sep-96 3.3000% 4.5800% 4.7800% 3.2800%
II-Sep-96 17-Sep-96 3.4500% 4.8100% 5.0100% 3.5100%
18-Sep-96 24-Sep-96 3.6000% 4.9000% 5.1000% 3.6000%
25-Sep-96 1-0ct-96 3.8000% 5.1600% 5.3600% 3.8600%
2-0ct-96 8-0ct-96 3.2000% 4.6800% 4.8800% 3.3800%
9-0ct-96 15-0ct-96 3.4000% 4.6900% 4.8900% 3.3900%
16-0ct-96 22-0ct-96 3.5000% 4.8900% 5.0900% 3.5900%
23-0ct-96 29-0ct-96 3.5000% 4.8400% 5.0400% 3.5400%
30-0ct-96 5-Nov-96 3.5000% 4.8600% 5.0600% 3.5600%
6-Nov-96 12-Nov-96 3.2500% 4.5700% 4.7700% 3.2700%
13-Nov-96 19-Nov-96 3.4500% 4.8000% 5.0000% 3.5000%
20-Nov-96 26-Nov-96 3.4500% 4.8300% 5.0300% 3.5300%
27-Nov-96 3-Dec-96 3.5500% 4.8700% 5.0700% 3.5700%
4-Dec-96 IO-Dec-96 3.1000% 4.4800% 4.6800% 3.1800%
II-Dec-96 17-Dec-96 3.6000% 4.8300% 5.0300% 3.5300%
18-Dec-96 24-Dec-96 4.0000% 5.2100% 5.4100% 3.9100%
25-Dec-96 31-Dec-96 4.0000% 5.5000% 5.7000% 4.2000%
I-Jan-97 7-Jan-97 2.8500% 4.3500% 4.5500% 3.0500%
Life Average 3.2467% 4.8988% 5.0826% 3.3085%
One Year Average 3.3962% 4.7375% 4.9375% 3.4375%
Six Month Average 3.4442% 4.7854% 4.9854% 3.4854%
13 Week Average 3.4731 % 4.8246% 5.0246% 3.5246%
Page 7
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GEORGIA MUNICIPAL ASSOCIATION
LEASE POOL
RATE HISTORY
(BY INDEX)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
19-Dec-90 26-Dec-90 7.1500% 7.9300% 6.2800%
26-Dec-90 2-Jan-91 7.2500% 8.7900% 7.1400%
3-Jan-91 9-Jan-91 5.5000% 7.6200% 5.9700%
10-Jan-91 16-Jan-91 4.7500% 6.7400% 4.8600%
17-Jan-91 23-Jan-91 4.5500% 6.6200% 4.7400%
24-Jan-91 30-Jan-91 4.6000% 6.7000% 4.8200%
31-Jan-91 6-Feb-91 4.7000% 6.6100% 4.7300%
7-Feb-91 13-Feb-91 4.0500% 6.3 700% 4.4900%
14-Feb-91 20-Feb-91 3.8000% 6.1700% 4.2900%
21-Feb-91 27-Feb-91 3.7500% 5.8500% 3.9700%
28-Feb-91 6-Mar-91 4.0000% 6.0200% 4.1400%
7-Mar-91 13-Mar-91 4.1000% 6.2700% 4.3900%
14-Mar-91 20-Mar-91 4.8500% 6.5600% 4.6800%
21-Mar-91 27-Mar-91 5.1000% 7.0100% 5.1300%
28-Mar-91 3-Apr-91 5.1000% 7.0100% 5.1300%
4-Apr-91 1O-Apr-91 4.5000% 6.6300% 4.7500%
ll-Apr-91 17-Apr-91 4.5000% 6.3600% 4.4800%
18-Apr-91 24-Apr-91 4.6000% 6.4300% 4.5500%
25-Apr-91 I-May-91 4.9000% 6.5100% 4.6300%
2-May-91 8-May-91 4.7000% 6.6000% 4.7200%
8-May-91 14-May-91 4.5000% 6.3700% 4.4900%
15-May-91 23-May-91 4.4500% 6.3300% 4.4500%
24-May-91 29-May-91 4.1500% 6.2900% 4.4100%
30-May-91 5-Jun-91 4.1000% 6.0900% 4.2100%
6-Jun-91 II-Jun-91 3.7500% 6.0200% 4.1400%
12-Jun-91 18-Jun-91 3.7500% 5.5700% 3.6900%
19-Jun-91 25-Jun-91 4.0000% 5.6200% 3.7400%
26-Jun-91 2-Jul-91 4.2500% 5.9500% 4.0700%
3-Jul-91 9-Jul-91 3.9000% 5.6300% 3.7500%
10-Jul-91 16-Jul-91 3.5000% 5.5000% 3.6200%
17-Jul-91 23-Jul-91 4.2500% 5.5800% 3.7000%
24-Jul-91 30-Jul-91 4.5000% 6.5700% 4.6900%
31-Jul-91 6-Aug-91 4.7500% 6.8100% 4.9300%
7-Aug-91 14-Aug-91 4.5000% 6.4500% 4.5700%
15-Aug-91 21-Aug-91 4.5000% 6.3600% 4.4800%
22-Aug-91 28-Aug-91 4.5000% 6.5000% 4.6200%
29-Aug-91 4-Sep-91 4.7500% 6.4900% 4.6100%
5-Sep-91 11-Sep-91 4.6000% 6.4300% 4.5500%
12-Sep-91 18-Sep-91 4.7500% 6.5900% 4.7100%
19-5ep-91 25-Sep-91 5.1000% 6.7200% 4.8400%
26-Sep-91 2-0ct-91 5.2500% 7.0400% 5.1600%
3-0ct-91 9-0ct-91 4.8000% 6.5900% 4.7100%
10-Oct-91 16-0ct-91 4.0000% 5.9300% 4.0500%
17-0ct-91 23-0ct-91 3.9000% 5.8200% 3.9400%
24-0ct-91 30-0ct-91 4.1500% 5.9700% 4.0900%
Page 1
"
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
31-0ct-91 6-Nov-91 4.1500% 6.3400% 4.4600%
7-Nov-91 13-Nov-91 3.9000% 5.9400% 4.0600%
14-Nov-91 20-Nov-91 3.9000% 5.8800% 4.0000%
21-Nov-91 27-Nov-91 3.9000% 5.8400% 3.9600%
28-Nov-91 4-Dec-91 4.1500% 6.0000% 4.1200%
5-Dec-91 II-Dec-91 4.2000% 6.0400% 4.1600%
12-Dec-91 18-Dec-91 4.2000% 6.0400% 4.1600%
19-Dec-91 25-Dec-91 4.6500% 6.4300% 4.5500%
26-Dec-91 31-Dec-91 5.0000% 7.0700% 5.1900%
I-Jan-92 8-Jan-92 4.2500% 5.7700% 3.8700%
9-Jan-92 15-Jan-92 2.9500% 4.6700% 2.7700%
16-Jan-92 22-Jan-92 2.5000% 4.4200% 2.5200%
23-Jan-92 29-Jan-92 2.5000% 4.3900% 2.4900%
30-Jan-92 5-Feb-92 2.8500% 4.8800% 2.9800%
6-Feb-92 12-Feb-92 2.6500% 4.5400% 2.6400%
13-Feb-92 19-Feb-92 2.4500% 4.4500% 2.5500%
20-Feb-92 26-Feb-92 2.6000% 4.6000% 2.7000%
27-Feb-92 4-Mar-92 2.5000% 4.4200% 2.5200%
5-Mar-92 II-Mar-92 2.5000% 4.2000% 2.3000%
12-Mar-92 18-Mar-92 2.6000% 4.6800% 2.7800%
19-Mar-92 25-Mar-92 2.9000% 4.8800% 2.9800%
26-Mar-92 l-Apr-92 3.7500% 5.5900% 3.6900%
2-Apr-92 8-Apr-92 3.1500% 5.2900% 3.3900%
9-Apr-92 15-Apr-92 3.1500% 5.2800% 3.3800%
16-Apr-92 22-Apr-92 3.1500% 5.3500% 3.4500%
23-Apr-92 29-Apr-92 3.3500% 5.6400% 3.7400%
30-Apr-92 6-May-92 3.8000% 5.7900% 3.8900%
7-May-92 13-May-92 3.6000% 5.5100% 3.6100%
14-May-92 20-May-92 3.6000% 5.3700% 3.4700%
21- May-92 27-May-92 3.4000% 5.4100% 3.5100%
28-May-92 3-Jun-92 3.1500% 5.2200% 3.3200%
4-Jun-92 10-Jun-92 2.9000% 4.9900% 3.0900%
II-Jun-92 17-Jun-92 2.6000% 4.5500% 2.6500%
18-Jun-92 24-Jun-92 2.2500% 4.4500% 2.5500%
25-Jun-92 I-Jul-92 2.4500% 4.4700% 2.5700%
2-Jul-92 8-Jul-92 2.4500% 4.1100% 2.2100%
9-Jul-92 15-Jul-92 2.1500% 3.7200% 1.8200%
16-Jul-92 22-Jul-92 2.0500% 3.9900% 2.0900%
23-Jul-92 30-Jul-92 2.2500% 4.2200% 2.3200%
31-Jul-92 5-Aug-92 2.2500% 4.1800% 2.2800%
6-Aug-92 12-Aug-92 2.2500% 4.2000% 2.3000%
13-Aug-92 19-Aug-92 2.2500% 4.2700% 2.3700%
20-Aug-92 26-Aug-92 2.2500% 4.2700% 2.3700%
26-Aug-92 2-Sep-92 2.7000% 4.4700% 2.5700%
3-Sep-92 9-Sep-92 2.7000% 4.6500% 2.7500%
10-Sep-92 16-Sep-92 2.7500% 4.7500% 2.8500%
17-Sep-92 23-Sep-92 2.9500% 4.8800% 2.9800%
24-Sep-92 30-Sep-92 3.5000% 5.2300% 3.3300%
1-0ct-92 7-0ct-92 3.3500% 5.3000% 3.4000%
8-0ct-92 14-0ct-92 2.4500% 4.3800% 2.4800%
Page 2
.'
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
ST ART END Rate Contract Rate Contract Rate Index)
15-0ct-92 21-0ct-92 2.3000% 4.2500% 2.3500%
22-0ct-92 28-0ct-92 2.2000% 4.2500% 2.3500%
29-0ct-92 4-Nov-92 2.7500% 4.6300% 2.7300%
5-Nov-92 II-Nov-92 2.4500% 4.4700% 2.5700%
12-Nov-92 18-Nov-92 2.4000% 4.4300% 2.5300%
19-Nov-92 25-Nov-92 2.3750% 4.4600% 2.5600%
26-Nov-92 2-Dec-92 2.5000% 4.3800% 2.4800%
3-Dec-92 9-Dec-92 2.3000% 4.3100% 2.4100%
10-Dec-92 16-Dec-92 2.3500% 4.2300% 2.3300%
17-Dec-92 23-Dec-92 2.7500% 4.7100% 2.8100%
24-Dec-92 29-Dec-92 3.8750% 5.5000% 3.6000%
29-Dec-92 6-Jan-93 4.0000% 6.0100% 4.1100%
7-Jan-93 13-Jan-93 1.6250% 3.6800% 1.7800%
14-Jan-93 20-Jan-93 1.6250% 3.5600% 1.6600%
21-Jan-93 27-Jan-93 2.0000% 3.9500% 2.0500%
28-Jan-93 3-Feb-93 2.5000% 4.3900% 2.4900%
4-Feb-93 IO-Feb-93 2.1250% 4.2300% 2.3300%
ll-Feb-93 17-Feb-93 2.1250% 4.0900% 2.1900%
18-Feb-93 24-Feb-93 2.2000% 4.1000% 2.2000%
25-Feb-93 3-Mar-93 1.8500% 3.9100% 2.0100%
.4-Mar-93 10-Mar-93 1. 7500% 3.7700% 1.8700%
II-Mar-93 17-Mar-93 1.9500% 4.0300% 2.1300%
18-Mar-93 24-Mar-93 2.2500% 4.1800% 2.2800%
25-Mar-93 31-Mar-93 2.5500% 4.4300% 2.5300%
l-Apr-93 7-Apr-93 2.4500% 4.3100% 2.4100%
8-Apr-93 14-Apr-93 2.3500% 4.1500% 2.2500%
15-Apr-93 21-Apr-93 2.6000% 4.4600% 2.5600%
22-Apr-93 28-Apr-93 2.6000% 4.4800% 2.5800%
29-Apr-93 5-May-93 2.4500% 4.3900% 2.4900%
6-May-93 12-May-93 2.4500% 4.3300% 2.4300%
13-May-93 19-May-93 2.6000% 4.4200% 2.5200%
20-May-93 26-May-93 2.9000% 4.6500% 2.7500%
27-May-93 2-Jun-93 2.9000% 4.8800% 2.9800%
3-Jun-93 9-Jun-93 2.5500% 4.5000% 2.6000%
10-Jun-93 16-Jun-93 2.1500% 4.1600% 2.2600%
17-Jun-93 23-Jun-93 1.7500% 3.8100% 1.9100%
24-Jun-93 30-Jun-93 2.0000% 4.0400% 2.1400%
I-Jul-93 7-Jul-93 2.0000% 4.0900% 2.1900%
8-Jul-93 14-Jul-93 1.6000% 3.5200% 1.6200%
15-Jul-93 21-Jul-93 2.1000% 3.9100% 2.0100%
22-Jul-93 28-Jul-93 2.5000% 4.2800% 2.3800%
29-Jul-93 4-Aug-93 2.7500% 4.6500% 2.7500%
5-Aug-93 ll-Aug-93 2.6000% 4.5600% 2.6600%
12-Aug-93 18-Aug-93 2.4000% 4.4000% 2.5000%
19-Aug-93 25-Aug-93 2.4500% 4.4300% 2.5300%
26-Aug-93 I-Sep-93 2.5000% 4.4400% 2.5400%
2-Sep-93 8-Sep-93 2.3750% 4.3100% 2.4100%
9-Sep-93 15-Sep-93 2.2000% 4.1600% 2.2600%
16-Sep-93 22-Sep-93 2.4000% 4.2200% 2.3200%
23-Sep-93 29-Sep-93 2.9000% 4.6400% 2.7400%
Page 3
SCHEDULE B
BUDGET
[To Be Supplied by Lessee]
Attach either portions of existing budget indicating sufficient amounts or Amended Budget.
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
15-Sep-94 21-Sep-94 3.1250% 4.4200% 3.1200%
22-Sep-94 28-Sep-94 3.7000% 4.6530% 3.3530%
29-Sep-94 5-0ct-94 3.5500% 5.0400% 3.7400%
6-0ct-94 12-0ct-94 3.0000% 4.5000% 3.2000%
13-0ct-94 19-0ct-94 2.7000% 4.1000% 2.8000%
20-0ct-94 26-0ct-94 3.0000% 4.3900% 3.0900%
27-0ct-94 2-Nov-94 3.4000% 4.6800% 3.3800%
3-Nov-94 9-Nov-94 3.2000% 4.5400% 3.2400%
10-Nov-94 16-Nov-94 3.3500% 4.6700% 3.3 700%
17-Nov-94 22-Nov-94 3.6500% 4.9200% 3.6200%
23-Nov-94 30-Nov-94 3.6500% 5.Q300% 3.7300%
I-Dec-94 7-Dec-94 3.5500% 4.9400% 3.6400%
8-Dec-94 14-Dec-94 2.9500% 4.3000% 3.0000%
15-Dec-94 20-Dec-94 4.2500% 5.3000% 4.0000%
21-Dec-94 28-Dec-94 4.2500% 6.4000% 5.1000%
29-Dec-94 4-Jan-95 5.4000% 6.6900% 5.3 900%
5-Jan-95 10-Jan-95 3.2500% 4.8100% 3.5100%
I1-Jan-95 17-Jan-95 2.6000% 4.2600% 2.9600%
18-Jan-95 24-Jan-95 2.6000% 4.2600% 2.9600%
25-Jan-95 31-Jan-95 3.6500% 4.7000% 3.4000%
I-Feb-95 7-Feb-95 3.3500% 4.7700% 3.4700%
8-Feb-95 14-Feb-95 3.8500% 5.0900% 3.7900%
15-Feb-95 21-Feb-95 4.1000% 5.4300% 4.1300%
22-Feb-95 28-Feb-95 4.0000% 5.4600% 4.1600%
I-Mar-95 7-Mar-95 3.7500% 5.1900% 3.8900%
8-Jan-95 14-Mar-95 3.5500% 4.9500% 3.6500%
15-Mar-95 21-Mar-95 3.8000% 5.1500% 3.8500%
22-Mar-95 28-Mar-95 4.0500% 5.2400% 3.9400%
29-Mar-95 4-Apr-95 4.1250% 5.4700% 4.1700%
5-Apr-95 II-May-95 3.6250% 5.1100% 3.8100%
12-Apr-95 18-Apr-95 4.1500% 5.4400% 4.1400%
19-Apr-95 25-Apr-95 4.4500% 5.5900% 4.2900%
26-Apr-95 2-May-95 4.8000% 5.8400% 4.5400%
3-May-95 9-May-95 4.7000% 5.8100% 4.5100%
10-May-95 16-May-95 4.8000% 6.0000% 4.7000%
17-May-95 22-May-95 4.2000% 5.8100% 4.5100%
24-May-95 30-May-95 3.9000% 5.4400% 4.1400%
31-May-95 6-Jun-95 3.5000% 5.0600% 5.2600% 3.7600%
7-Jun-95 13-Jun-95 2.6500% 4.1500% 4.3500% 2.8500%
14-Jun-95 20-Jun-95 3.8500% 5.3300% 5.5300% 4.0300%
21-Jun-95 27-Jun-95 4.2500% 5.5000% 5.7500% 4.2000%
28-Jun-95 4-Jul-95 4.0000% 5.3600% 5.5600% 4.0600%
5-Jul-95 II-Jul-95 3.1000% 4.5800% 4.7800% 3.2800%
12-Jul-95 18-Jul-95 2.9000% 4.2100% 4.4100% 2.9100%
19-Jul-95 25-Jul-95 3.7500% 5.0600% 5.2600% 3.7600%
26-Jul-95 l-Aug-09 3.7500% 5.1100% 5.3100% 3.8100%
2-Aug-95 8-Aug-95 3.5000% 4.9200% 5.1200% 3.6200%
9-Aug-95 15-Aug-95 3.8000% 5.1400% 5.3400% 3.8400%
16-Aug-95 22-Aug-95 3.7500% 5.1500% 5.3500% 3.8500%
23-Aug-95 29-Aug-95 3.7000% 5.0400% 5.2400% 3.7400%
Page 5
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
30-Aug-95 5-Sep-95 3.6000% 4.9100% 5.1100% 3.6100%
6-Sep-95 12-Sep-95 3.2500% 4.7200% 4.9200% 3.4200%
13-Sep-95 19-5ep-95 3.8250% 5.1500% 5.3500% 3.8500%
20-Sep-95 26-Sep-95 4.0000% 5.3000% 5.5000% 4.0000%
27-Sep-95 3-0ct-95 4.4000% 5.6500% 5.8500% 4.3500%
4-0ct-95 1O-0ct-95 3.4500% 4.9000% 5.1000% 3.6000%
11-0ct-95 17-0ct-95 3.6250% 4.9500% 5.1500% 3.6500%
18-0ct-95 24-0ct-95 3.7500% 5.1100% 5.3100% 3.8100%
25-0ct-95 31-0ct-95 3.9500% 5.2500% 5.4500% 3.9500%
I-Nov-95 7-Nov-95 3.6500% 5.0500% 5.2500% 3.7500%
8-Nov-95 14-Nov-95 3.8000% 5.1500% 5.3500% 3.8500%
15-Nov-95 21-Nov-95 3.9500% 5.2500% 5.4500% 3.9500%
22-Nov-95 28-Nov-95 3.7500% 5.1000% 5.3000% 3.8000%
29-Nov-95 5-Dec-95 3.6500% 5.0000% 5.2000% 3.7000%
6-Dec-95 12-Dec-95 3.2000% 4.7000% 4.9000% 3.4000%
13-Dec-95 19-Dec-95 4.1500% 5.3900% 5.5900% 4.0900%
20-Dec-95 26-Dec-95 4.7500% 6.2200% 6.4200% 4.9200%
27-Dec-95 2-Jan-96 4.8000% 6.4900% 6.6900% 5.1900%
3-Jan-96 9-Jan-96 3.2500% 4.8400% 5.0400% 3.5400%
10-Jan-96 16-Jan-96 3.2000% 4.5700% 4.7700% 3.2700%
17-Jan-96 23-Jan-96 3.1000% 4.5600% 4.7600% 3.2600%
24-Jan-96 30-Jan-96 3.1000% 4.4600% 4.6600% 3.1600%
31-Jan-96 6-Feb-96 3.0000% 4.5100% 4.7100% 3.2100%
7-Feb-96 13-Feb-96 3.0000% 4.4500% 4.6500% 3.1500%
14-Feb-96 20-Feb-96 3.2500% 4.6400% 4.8400% 3.3400%
21-Feb-96 27-Feb-96 3.2500% 4.6600% 4.8600% 3.3600%
28-Feb-96 5-Mar-96 3.2000% 4.6000% 4.8000% 3.3000%
6-Mar-96 12-Mar-96 3.0000% 4.3800% 4.5800% 3.0800%
13-Mar-96 19-Mar-96 3.1000% 4.4400% 4.6400% 3.1400%
20-Mar-96 26-Mar-96 3.3000% 4.6100% 4.8100% 3.3 100%
27-Mar-96 2-Apr-96 3.2000% 4.6800% 4.8800% 3.3800%
3-Apr-96 9-Apr-96 3.7000% 4.4300% 4.6300% 3.1300%
10-Apr-96 16-Apr-96 3.4500% 4.7500% 4.9500% 3.4500%
17-Apr-96 23-Apr-96 3.7000% 4.9000% 5.1000% 3.6000%
24-Apr-96 30-Apr-96 4.1000% 5.2800% 5.4800% 3.9800%
I-May-96 7-May-96 3.9500% 5.2000% 5.4000% 3.9000%
8-May-96 14-May-96 3.9500% 5.2000% 5.4000% 3.9000%
15-May-96 21- May-96 3.9500% 5.2900% 5.4900% 3.9900%
22-May-96 28-May-96 3.7000% 5.0500% 5.2500% 3.7500%
29-May-96 4-Jun-96 3.5500% 4.8600% 5.0600% 3.5600%
5-Joo-96 II-Jun-96 3.0000% 4.5200% 4.7200% 3.2200%
12-Jun-96 18-Jun-96 3.1500% 4.5900% 4.7900% 3.2900%
19-Jun-96 25-Jun-96 3.4500% 4.7800% 4.9800% 3.4800%
26-Jun-96 2-JuJ-96 3.3000% 4.6500% 4.8500% 3.3500%
3-Jul-96 9-JuJ-96 2.4000% 3.8700% 4.0700% 2.5700%
10-Jul-96 16-JuJ-96 2.3500% 3.7700% 3.9700% 2.4700%
17-JuJ-96 23-JuJ-96 3.4000% 4.7400% 4.9400% 3.4400%
27-JuJ-96 30-JuJ-96 3.6500% 4.8400% 5.0400% 3.5400%
31-JuJ-96 6-Aug-96 3.6000% 4.9000% 5.1000% 3.6000%
7-Aug-96 13-Aug-96 3.4500% 4.7400% 4.9400% 3.4400%
Page 6
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
30-Sep-93 6-0ct-93 2.9000% 5.0000% 3.1000%
7-0ct-93 13-0ct-93 2.5000% 4.4500% 2.5500%
14-0ct-93 20-0ct-93 2.5000% 4.3700% 2.4700%
21-0ct-93 27-0ct-93 2.3750% 4.2900% 2.3900%
28-0ct-93 3-Nov-93 2.5000% 4.4500% 2.5500%
4-Nov-93 10-Nov-93 2.3500% 4.3100% 2.4100%
II-Nov-93 17-Nov-93 2.3500% 4.3200% 2.4200%
18-Nov-93 24-Nov-93 2.3000% 4.3500% 2.4500%
25-Nov-93 I-Dec-93 2.3000% 4.3000% 2.4000%
2-Dec-93 8-Dec-93 2.1000% 4.1200% 2.2200%
9-Dec-93 15-Dec-93 1.7500% 3.6600% 1.7600%
16-Dec-93 22-Dec-93 2.2500% 4.2900% 2.9900%
23-Dec-93 29-Dec-93 2.8500% 4.5500% 3.2500%
30-Dec-93 5-Jan-94 2.9500% 4.5500% 3.2500%
6-Jan-94 II-Jan-94 1.5000% 3.0900% 1.7900%
12-Jan-94 19-Jan-94 1.8750% 3.1900% 1.8900%
20-Jan-94 26-Jan-94 2.0500% 3.3500% 2.0500%
27-Jan-94 2-Feb-94 2.2000% 3.5200% 2.2200%
3-Feb-94 9-Feb-94 2.1000% 3.4000% 2.1000%
10-Feb-94 16-Feb-94 2.3000% 3.6500% 2.3500%
17-Feb-94 23-Feb-94 2.5000% 3.7500% 2.4500%
24-Feb-94 2-Mar-94 2.4000% 3.7600% 2.4600%
3-Mar-94 9-Mar-94 2.3500% 3.6100% 2.3100%
10-Mar-94 16-Mar-94 2.2000% 3.5900% 2.2900%
17-Mar-94 23-Mar-94 2.0000% 3.5300% 2.2300%
24-Mar-94 30-Mar-94 1.9000% 3.3000% 2.0000%
31-Mar-94 6-Apr-94 2.2000% 3.5900% 2.2900%
7-Apr-94 13-Apr-94 2.0000% 3.5500% 2.2500%
14-Apr-94 20-Apr-94 1.8750% 3.3000% 2.0000%
21-Apr-94 27-Apr-94 3.1250% 4.0400% 2.7400%
28-Apr-94 4-May-94 3.1500% 4.7100% 3.4100%
5-May-94 11-May-94 2.6500% 4.2000% 2.9000%
12-May-94 18-May-94 2.9500% 4.3800% 3.0800%
19-May-94 25-May-94 2.7500% 4.3900% 3.0900%
26-May-94 I-Jun-94 2.7000% 4.2700% 2.9700%
2-Jun-94 8-Jun-94 2.4500% 3.8000% 2.5000%
9-Jun-94 15-Jun-94 2.2000% 3.5700% 2.2700%
16-Jun-94 22-Jun-94 2.3500% 3.7100% 2.4100%
23-Jun-94 29-Jun-94 2.6000% 3.9100% 2.6100%
30-Jun-94 6-Jul-94 2.2500% 3.7900% 2.4900%
7-Jul-94 I3-Jul-94 1.8000% 3.2700% 1.9700%
14-Jul-94 20-Jul-94 2.1250% 3.3800% 2.0800%
21-Jul-94 27-Jul-94 2.7500% 4.2000% 2.9000%
28-Jul-94 3-Aug-94 2.9000% 4.2500% 2.9500%
4-Aug-94 10-Aug-94 2.7500% 4.0800% 2.7800%
l1-Aug-94 17-Aug-94 2.6500% 4.1000% 2.8000%
18-Aug-94 24-Aug-94 2.8000% 4.8000% 3.5000%
25-Aug-94 31-Aug-94 3.1500% 4.3800% 3.0800%
I-Sep-94 7-Sep-94 3.1000% 4.4600% 3.1600%
8-Sep-94 14-Sep-94 3.0000% 4.4000% 3.1000%
Page 4
SCHEDULE C
APPROPRIATION CERTIFICATE
RE: Master Lease dated June 20, 1995 and Lease Supplement (the "Lease
Supplement") dated June 29, 1995, between Lessee and Georgia
Municipal Association, Inc.
The undersigned officers of City Augusta (the "Lessee") hereby certify that all
Rentals $144,465.96 and the Termination Payment $70,986.81 under the referenced
Lease Supplement, for the calendar year ending December 31, 1997, are within such
Lessee's operating budget or budgets for such period and an appropriation of funds for
such year has been made for such purpose and is available therefor.
Dated: ~~4R1 It; )991
Title:
~
Signed:
Name:
Attest:
Name:
Title:
City Clerk
INSTRUCTIONS:
I. To be given on or before February 1 of each year with respect to the current calendar
year.
2. Complete a separate certificate for each Lease Supplement in effect.
CLERK'S CERTIFICATE
The undersigned Clerk of The Augusta-Richmond County, DOES HEREBY
CERTIFY that the foregoing pages of typewritten matter pertaining to the issuance of
Certificates of Participation in the Georgia Municipal Association Pool in the aggregate
principal amount of$127,635,000, constitute a true and correct copy of the Resolution
adopted on February 18, 1997 , by the City Council on behalf of Lessee in a
meeting duly called and assembled, which was open to the public, and that the original of
said Resolution appears of record in the Minute Book of the Lessee which is in the
undersigned's custody and control.
WITNESS my hand and the official seal of the Lessee, this ~day of
February . 199.7
[City Seal]