CITY of FORT LAUDERDALE, FLORIDA Water Andsewerrevenuebonds $180,075,000* Series 2018
PRELIMINARY OFFICIAL STATEMENT DATED JANUARY 26, 2018 NEW ISSUE - Book-Entry Only Ratings: Moody’s: “Aa1” S&P: “AA+” (See “RATINGS” herein) In the opinion of Greenberg Traurig, P.A., Bond Counsel, under existing statutes, regulations, rulings and court decisions and assuming the accuracy of certain representations and continuing compliance with certain covenants, interest on the Series 2018 Bonds is excludable from gross income for federal income tax purposes. Further, interest on the Series 2018 Bonds is not an item of tax preference for purposes of the alternative minimum tax imposed on individuals. Bond Counsel is also of the opinion that the Series 2018 Bonds and the income thereon are not subject to taxation under the laws of the State of Florida, except as to estate taxes and taxes under Chapter 220, Florida Statutes, on interest, income or profits on debt obligations owned by corporations as defined in Chapter 220, Florida Statutes. For a more complete description of such opinions of Bond Counsel, see “TAX MATTERS” herein. $180,075,000* CITY OF FORT LAUDERDALE, FLORIDA Water and Sewer Revenue Bonds Series 2018 Dated: Date of Delivery Due: March 1 and September 1, as shown on inside cover page The City of Fort Lauderdale, Florida Water and Sewer Revenue Bonds, Series 2018 (the “Series 2018 Bonds”) will be issued by the City of Fort Lauderdale, Florida (the “City”) as fully registered bonds, without coupons, in denominations of $5,000 and integral multiples thereof and when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”), which will act as securities depository for the Series 2018 Bonds.
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