Fordham University Revenue Bonds Series 2020
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Fordham University Revenue Bonds Series 2020
NEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020020Dated: Date of DeliveryDue: July 1, as shown on the inside coverPayment and Security: Tile Fordham University Revenue Bonds. Series 2020 (the “Series 2020 Bonds') are special obligations of the Dormitory Authority of the State of New York (“DASNY") payable solely from and secured by a pledge of ( Fordham University Revenue Bonds Series 2020i) certain payments to be made under the Loan Agreement (the "Loan Agreement’), dated as of January 29, 2020, between Fordham University (the “UniversFordham University Revenue Bonds Series 2020
ity”) and DASNY, and (ii) all fluids and accounts (except the Arbitrage Rebate Fund) established in connection with the Series 2020 Bonds. The Series NEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020ion authorizing the Series 2020 Bonds, adopted December 11, 2019 (the “Series 2020 Resolution and together with the Resolution, the “Resolutions").The Loan Agreement is a general obligation of the University and requires the University to pay, in addition to the fees and expenses of DASNY and the Tr Fordham University Revenue Bonds Series 2020ustee, amounts sufficient to pay. when due. the principal. Sinking Fund Installments, if any, and Redemption Price of and interest on the Series 2020Fordham University Revenue Bonds Series 2020
Bonds.The Series 2020 Bonds will not be a debt of the State of New York (the "State”) and the State will not be liable on the Series 2020 Bonds. DASNYNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020thereof. The Series 2020 Bonds will mature on the dates and bear Interest at the rates shown on the inside cover. Interest (due July 1. 2020 and each January' 1 and July 1 thereafter) will be payable by check or draft mailed to the registered owners of the Series 2020 Bonds at their addresses as sho Fordham University Revenue Bonds Series 2020wn on the registration books held by the Trustee or, at the option of a holder of at least $1,000,000 in principal amount of Series 2020 Bonds, by wirFordham University Revenue Bonds Series 2020
e transfer to the holder of such Series 2020 Bonds, each as of the close of business on the fifteenth day of the month next preceding an interest paymNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020ust office of the Trustee and Paying Agent or, with respect to Redemption l*rice, at the option of a holder of at least $1 .OOO.OtX) in principal amount of Series 2020 Bonds, by wire transfer to the holder of such Series 2020 Bonds as more hilly described hereinThe Series 2020 Bonds will be issued i Fordham University Revenue Bonds Series 2020nitially under a Book-Entry' Only System, registered in the name of Cede & Co., as nominee for The Depository Trust Company (“DTC"). Individual purchaFordham University Revenue Bonds Series 2020
ses of beneficial interests in the Series 2020 Bonds will lie made in Book-Entry' form (without certificates). So long as DTC or its nominee is tile rNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020erest on such Series 2020 Bonds will be made directly’ to DTC or Its nominee. Disbursement of such payments to DTC participants is the responsibility of DTC and disbursement of such payments to rite beneficial owners is the responsibility of DTC participants. See “PART3 THE SERIES 2020 BONDS Book-En Fordham University Revenue Bonds Series 2020try Only System" herein.Redemption or Purchase: The Series 2020 Bonds are subject to redemption and purchase in lieu of optional redemption prior to mFordham University Revenue Bonds Series 2020
aturity as more fully described herein.Tax Exemption: In the opinion of Nixon Peabody LLP, Co-Bond Counsel, under existing law and assuming complianceNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. as amended (the “Code"). Co-Bond Counsel is also of the opinion that such interest Is not an item of tax preference for purposes of the federal alternative minimum tax imposed Fordham University Revenue Bonds Series 2020under the Code. Nixon Peabody LLP and Drohan Lee LU’, as Co-Bond Counsel, are further of the opinion that interest on the Series 2020 Bonds is, by virFordham University Revenue Bonds Series 2020
tue of the Act, exempt from personal Income taxation imposed by tlu- State of New York and political subdivisions thereof. Including The City of New YNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020ter, The offer of the Series 2020 Bonds may be subject to prior sale, or withdrawn or modified at any time without notice. 'Hie offer is subject to the approval of legality by Nixon Peabody LLP. New York, New York, and Drohan Lee LLP. New York, New York, Co-Bond Counsel, and to certain other conditi Fordham University Revenue Bonds Series 2020ons. Certain legal matters will be passed upon for the University by its counsel, Bond Schoeneck <Ê King, PLLC, Syracuse, New York. Certain legal mattFordham University Revenue Bonds Series 2020
ers will be passed upon for the Underwriter by its counsel, Kat ten Muchin Kosenman LLP. New York, New York. DASNY expects to deliver the Series2020BoNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS, SERIES 2020Maturity ScheduleDue July 1 2039 2040AmountInterest RateYieldCUS1P Niimbep"SI. 165.000402.140%c64990GXW7129000040002.170c6499ÚGXX5S69.370.000 4.000% Term Bund Due July 1.2046. Yield 2.340%c CUSIP Number1” 64990GXY3 S73.365.000 4.000% Tenn Bond Fordham University Revenue Bonds Series 2020 Due July 1 2050. Yield 2.390%c CUSIP Number" 6499OGXZ0CVSIP numbers hart been assisned by 8C independent compjny nee affiliated with DA5>T end tre inFordham University Revenue Bonds Series 2020
cluded solely fix the convenience of vz txiòaĩ of the Senes 2020 Bonds Neitbet DASNY nor the Underwriter H responsible for the selection « uses of theNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020ing cluaạed after the issuance of the Ser Its 2020 Bonds as a result of •. incus subsequent actions mclisdaw. but neo [mated to. a refir.br,g Id whole or » part of such Serie* 2020 Bonds or as a r evJx of tbe protureniect of secondary market portfolio insurance or «btr samlM etthanctfficrit b\- icnt Fordham University Revenue Bonds Series 2020tMon that IS ap-plicaUe to all or a poFordham University Revenue Bonds Series 2020
etnpticn pr»:e of 10ỮS.No dealer. broker. saiegperiứn or other ptnon hai been authorlted by DaSNĨ. Ae University or the UndentFiter ÍO gn« any irọtmmcNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020. if fhvn or made. any such information or representation: must not bo reiíed upon as having been audxirtted by DASNĨ. the Untierslty or tho Underwriter.Tũir OJScwJ Statement docs not constitute an off/r to nil or the sohettanon of an offer to buy nor shall there be a role of Ae Senes 2020 Bond: by Fordham University Revenue Bonds Series 2020mo person many Jurlidlttior. in which ít u mJuhfill for 4t.cA10 make such offer, talleltatior: Or Sale. The Underwriter hot provided the follow Ing leFordham University Revenue Bonds Series 2020
nience for Inclusion in rAli OfficialStaMwenr The Underwriter has reviewed the information tn rirr Official Statement tn accordance with and as pan ofNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020 does not guarantee the accuracy or completeness of such Information.The ttiformanon set forth herein relating to DASNT under the heading "DASNT' ha: been obtained ffiom DAS2ÌT All other information herein ha: been obtained by the Underwriter from the University and other sources deemed to >M reliab Fordham University Revenue Bonds Series 2020le by the I. ndernrlter. and it not to he construed as a representation by liASNi or the Underwriter Tn addition DASNT doe: not warrant the accuracy oFordham University Revenue Bonds Series 2020
f Ac ctatemenB contained herein relating rc> the Untverstty nor does a directly guarantee. endorte or warrant (!) the credltnorlhirMss or credit standNEW ISSUES&P: A(See “Ratings” herein)DASNYDC Bond$145.190.000 DORMITORY AUTHORITY OF THE STATE OF NEW YORK FORDHAM UNIVERSITY REVENUE BONDS. SERIES 20 Fordham University Revenue Bonds Series 2020 University has reviewed the pares of this Official Statement dvoerMnu li.e I. nlvnrvlly, the Prlnr.iurii and tnlveejl y.e-ịulramnnls, the Project. ‘the Plan of Flnnnrm, Ac Estimated Sources and Uses of Funds and Appendix B As a condition to delivery of the Serie: 2020 Bonds, Ae University will ccrp Fordham University Revenue Bonds Series 2020fj that a: of Ac date of this Official Statement and nfdelivery of the Series '2020 ftands. rush parts da not cnnlaln any untrue sUa'Mnents of a matwrFordham University Revenue Bonds Series 2020
la'.fimC and do not nmll to stale a malarial fieri eevwsjary la order to "tahc Ac stascrr.er.t: "tade therein. the light of the ctraatutancc: under whGọi ngay
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