$_____,000 * Central Washington University System Revenue Bonds, Series 2018
This Official Statement of Central Washington University (the “University”), a public institution of higher education of the state of Washington (the “State”), is provided for the purpose of setting forth information in connection with the issuance by the University of its System Revenue Bonds, Series 2018 (the “Series 2018 Bonds”). The Series 2018 Bonds are special fund revenue obligations of the University, payable solely from and secured solely by Gross Revenue of the System on deposit in the System Revenue Bond Fund (the “Bond Fund”). The “System” consists of (a) the housing and dining system of the University; (b) the services and activities system; (c) the bookstore system of the University; and (d) the parking system of the University; all as the same is added to, improved and extended from time to time. See “SECURITY AND SOURCES OF PAYMENT FOR THE SERIES 2018 BONDS,” and “THE SYSTEM,” herein. Capitalized terms used in this Official Statement have the meanings assigned to them in the Bond Resolution (as defined below), a copy of which is attached as APPENDIX E. This Official Statement speaks only as of its date and the information contained herein is subject to change. All summaries herein of documents, provisions and agreements are qualified in their entirety by reference to the actual instruments, copies of each of which are available for inspection at the offices of the University. THE SERIES 2018 BONDS General Description The Series 2018 Bonds will be dated as of the Date of Delivery, will be issued in denominations of $5,000 or any integral multiple thereof within a maturity (“Authorized Denominations”), and will bear interest from their dated date (or the most recent date to which interest has been paid thereon). Interest on the Series 2018 Bonds will be payable semiannually on each May 1 and November 1, commencing November 1, 2018. The Series 2018 Bonds will bear interest at the rates and will mature on the dates and in the amounts set forth on the inside cover of this Official Statement subject to prior redemption as described herein. Interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months. Authorization of the Series 2018 Bonds The Series 2018 Bonds are authorized by the University pursuant to Resolution No. 02-03 adopted by the Board of Trustees of the University (the “Board”) on May 10, 2002, as amended by Resolution No. 04-01 adopted by the Board on May 26, 2004, and as further amended by Resolution No. 10-10 adopted by the Board on October 1, 2010, all as incorporated into the Restated Master Resolution No. 12-02 adopted by the Board on February 3, 2012 (the “Master Resolution”), and Resolution No. ____, adopted by the Board on February ___, 2018 (the “Series Resolution,”), in accordance with the provisions of Sections 28B.10.300 through 28B.10.330, inclusive, of the Revised Code of Washington (“RCW”). The Master Resolution and Series Resolution together are referred to as the “Bond Resolution.” The University has outstanding bonds payable from Gross Revenue of the System on a parity of lien with the Series 2018 Bonds (the “Parity Bonds”), designated the Central Washington University System Revenue Bonds, Series 2008 (the “Series 2008 Bonds”), the Central Washington University System Revenue Bonds, 2010, Series A and Series B (the “Series 2010 Bonds”), the Central Washington University System Revenue Refunding Bonds, Series 2012 (the “Series 2012 Bonds”), the Central Washington University System Revenue Refunding Bonds, Series 2013 (the “Series 2013 Bonds”) and System Revenue Refunding Bonds, Series 2016 (the “Series 2016 Bonds”). After issuance of the Series 2018 Bonds, the Series 2008 Bonds, and the outstanding Series 2010 Bonds, Series 2012 Bonds, Series 2013 Bonds, and Series 2016 Bonds are collectively referred to as the “Outstanding Parity Bonds.” See “THE SYSTEM - Outstanding Parity Bonds” herein.
* Preliminary, subject to change.
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