SUM­MARY NO­TICE OF BOND SALE $18,754,224 COUNTY OF HERKIMER, NEW YORK PUB­LIC IM­PROVE­MENT (SE­RIAL) BONDS, 2018 (Book En­try Only) (Callable)

The Bond Buyer - - Competitive Sales Notices - Kim­ber­lee A. Enea County Trea­surer

Pro­pos­als will be re­ceived and con­sid­ered by the un­der­signed County Trea­surer of the County of Herkimer, New York, via Fis­cal Ad­vi­sors Auc­tion elec­tronic bids sub­mis­sion web­site (“Fis­cal Ad­vi­sors Auc­tion”) ac­ces­si­ble at www.Fis­calAd­vi­sorsAuc­tion.com or by fac­sim­ile trans­mis­sion at (315) 930-2354, un­til 11:00 A.M., Pre­vail­ing Time, on the 8th day of No­vem­ber, 2018, at which time and place bids will be opened, for the pur­chase IN FED­ERAL FUNDS at not less than par and ac­crued in­ter­est of $18,754,224 Pub­lic Im­prove­ment (Se­rial) Bonds, 2018, of said County, dated No­vem­ber 20, 2018, with in­ter­est thereon payable on May 15, 2019 and semi­an­nu­ally there­after on No­vem­ber 15 and May 15, and ma­tur­ing No­vem­ber 15 as fol­lows:

Year 2019 2020 2021 2022 2023

Amount* $1,169,224 1,205,000 1,245,000 1,280,000 1,320,000

Year 2024 2025 2026 2027 2028

Amount* $1,355,000 1,400,000 1,440,000 1,485,000 ** 1,530,000 **

Year 2029 2030 2031 2032

Amount* $1,580,000 ** 1,630,000 ** 1,685,000 ** 430,000 **

* Sub­ject to ad­just­ment by the County to ac­com­plish level debt. ** Callable ma­tu­ri­ties.

THE COUNTY RE­SERVES THE RIGHT TO CHANGE THE TIME AND/OR DATE FOR THE OPEN­ING OF BIDS. NO­TICE OF ANY SUCH CHANGE SHALL BE PRO­VIDED NOT LESS THAN ONE HOUR PRIOR TO THE TIME SET FORTH ABOVE FOR THE OPEN­ING OF BIDS BY MEANS OF A SUP­PLE­MEN­TAL NO­TICE OF BOND SALE TO BE TRANS­MIT­TED OVER THE TM3.

Each bid, ac­com­pa­nied by a $375,084 good faith de­posit by cer­ti­fied or cashier’s check or wire trans­fer in the amount of $375,084 as more fully de­scribed in the No­tice of Bond Sale, must be for all of said $18,754,224 bonds. The award will be made based upon net in­ter­est cost. The pur­chaser will be fur­nished, with­out cost, the ap­prov­ing le­gal opin­ion as to the va­lid­ity of the bonds of Or­rick, Her­ring­ton & Sutcliffe LLP, New York, New York, Bond Coun­sel. Bid­ders must re­fer to the com­plete No­tice of Bond Sale for the terms and con­di­tions of the sale. To ob­tain copies of the com­plete No­tice of Bond Sale, Bid Form, and the Of­fi­cial State­ment of the County, please con­tact Fis­cal Ad­vi­sors & Mar­ket­ing, Inc., tele­phone: (315-752-0051), tele­copier: (315-752-0057). Ad­di­tional Of­fi­cial State­ments may be down­loaded from Fis­cal Ad­vi­sors & Mar­ket­ing, Inc.’s In­ter­net ad­dress: http://www.fis­cal­ad­vi­sors.com and http://www.fis­calad­vi­sorsauc­tion.com

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