TERMS* [ Print Page ]    
  Issuer Township of Montclair
  State New Jersey
  Amount1 $35,400,000
  Type Issue/Series   General Improvement Bonds, Series 2020A
  Rating   S&P: AAA (Stable Outlook)
  Bank Qualified No
  Good Faith $708,000 Good Faith check or wire to Issuer prior to bid, as provided in NOS.

  Sale Date 9/22/20
  Dated Date 10/15/20
  Settlement Date2   10/15/20
  Sale Time 11:00 AM - 11:35 AM Eastern Time

  Interest Due 4/15, 10/15
  Principal Due 10/15/21 - 10/15/30
  First Interest Date   4/15/21
  Call Dates 10/15/27 @ Par
  Term Bonds No
  Min/Max Bid Price   100.000% / 110.000%
  Bid Details Max. Spread: 3.000%
Multiple: Either 1/8th or 1/20th of 1%
  Insurance Bidder's Option / Bidder Pays / Not Factored into TIC

  Bid Format All-Or-None
  Auction Format  Open
  Award Basis TIC to Dated Date
  Two-Minute Rule   Yes
  Bond Counsel McManimon, Scotland & Baumann, LLC
Attn: Matthew D. Jessup, Esq.
Phone: 973-622-4850
Email: MJessup@msbnj.com
Attn: Elizabeth Manuel, Paralegal
Phone: 973-622-5280
  Web Site www.MuniAuction.com
Terms as of 9/25/2020 @ 10:37 pm
1Preliminary, subject to change
2Check offering documents or with Issuer and/or FA to ascertain if settlement is Firm or Tentative.
* Disclaimer: This Term Sheet is provided by Grant Street Group for informational purposes and the convenience of bidders. Grant Street Group is not responsible for any inaccuracy in the information displayed. Bidders should carefully review the Notice of Sale and Preliminary Official Statement and decide whether to purchase Bonds solely on the basis of the information provided therein.

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