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This Official Statement concerns the issuance of the Series 2023A and Series 2023B Bonds by the City of Springdale, Arkansas to finance street improvements and refund existing bonds. It includes details about bond structure, security, tax implications, and uses of proceeds.
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A preliminary official statement is a legal document that provides specific information about a proposed bond issuance prior to its sale. It is used to inform potential investors about the details of the offering.
Issuers of municipal securities are required to file a preliminary official statement to provide necessary information to potential investors before the bond sale.
To fill out a preliminary official statement, issuers must include details such as the purpose of the bond, financial information about the issuer, project descriptions, and any risks associated with the bond offering.
The purpose of a preliminary official statement is to provide potential investors with comprehensive information regarding the bond offering, helping them make informed investment decisions.
The preliminary official statement must report information including the issuer's financial condition, project descriptions, terms of the bonds, estimated debt service schedules, and any relevant legal matters.
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