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�✓ <br />4jAA.4f <br />�vC.Piw�-r <br />Proposal to Purchase <br />$ 2,550,000 <br />COMMUNITY FACILITIES DISTRICT NO. 88-1, <br />CITY OF COLTON, CALIFORNIA, <br />SERIES 1989 BONDS <br />Date: January 17, 1989 <br />To: Community Facilities District No. 88-1 <br />of the City of Colton <br />Ladies and Gentlemen: <br />We offer to purchase all, but not less than all, of the aggregate <br />principal amount of Series 1989 Bonds of Community Facilities <br />D .;tric:t No. 138-3 , City of Colt on - Calilf5ritIa i itic bUiiCiS ') to u <br />issued pursuant to an Indenture (the "Indenture") to be approved` <br />by the City Council of the City of Colton, California (the "Cityll) <br />acting on behalf of +Community Facilities District No. 88-1 (the <br />"'District") , which Bonds are generally described in the Request for <br />Proposals` dated January 4, 1989, prepared and distributed by M. F. <br />Whipple & Co. Inc., <�s Financing g C onsultant to the City, which is <br />incorporated here n and made a part hereof, for a price equal to <br />$ 9 00c9 L99V of the par value thereof and accrued interest <br />thereon to the date of delivery. <br />The Bonds are to bear interest at the rates set forth in the <br />J following schedule: <br />Maturity Date Interest Maturity Date Interest <br />September 1 Rate September 1 Rate <br />1990 . . —% 2000 . . . . 7 -do <br />1991 . <br />2001 . -7. R` <br />_ o <br />1992 . . 1., _° 2,002 . . . 7. 3DL o <br />1993 .. . . 200 . 3 d <br />1994 7D _ <br />2004 7 3 <br />1995 ?_ 2005 . . . . 3S <br />1996 . .?d 2006 . . • �!d <br />1997 . . 7..©O % 2007 . _° <br />1,9.98 . . `7 /O o 2008 . . . . % <br />1999 . % 2019 . . 7 V6 <br />We hereby request that /Ud. printed copies of the Official <br />Statement be furnished to us. <br />Not less than $2,499,000. <br />El <br />