EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
WITH RESPECT TO
PUBLIC FACILITIES REVENUE BONDS, SERIES 1996
OF
CASTLE ROCK RANCH PUBLIC IMPROVEMENTS AUTHORITY
Pursuant to the Prospectus Dated ____________, 199__
This form must be used by a holder of Public Facilities Revenue Bonds,
Series 1996 (the "Bonds") of Castle Rock Ranch Improvements Authority (the
"Authority"), who wishes to tender Bonds to the Exchange Agent pursuant to
the guaranteed delivery procedures described in "The Exchange offer -
Guaranteed Delivery Procedures" of the Authority's Prospectus, dated
_________________, 199_ (the "Prospectus") and in Instruction 2 to the
related Letter of Transmittal. Any holder who wishes to tender Bonds
pursuant to such guaranteed delivery procedures must ensure that the Exchange
Agent receives this Notice of Guaranteed Delivery prior to the Expiration
Date of the Exchange Offer. Capitalized terms used but not defined herein
have the meanings ascribed to them in the Prospectus of the Letter of
Transmittal.
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THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY
TIME, ON ________________, 1997 UNLESS EXTENDED (THE "EXPIRATION DATE").
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SOUTHTRUST BANK OF ALABAMA, NATIONAL ASSOCIATION
(the "Exchange Agent")
BY OVERNIGHT CARRIER OR BY HAND: BY REGISTERED OR CERTIFIED MAIL:
SouthTrust Bank of Alabama, N.A. SouthTrust Bank of Alabama, N.A.
100 Office Park Drive, Lower Level P.O. Box 2554
Birmingham, AL 35223 Birmingham, AL 35290
Attention: Corporate Trust Department Attention: Corporate Trust Department
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE
WILL NOT CONSTITUTE A VALID DELIVERY.
This form is not to be used to guarantee signatures. If a signature on a
Letter of Transmittal is required to be guaranteed by an "Eligible
Institution" under the instructions thereto, such signature guarantee must
appear in the applicable space provided in the signature box on the Letter of
Transmittal.
Ladies and Gentlemen:
The undersigned hereby tenders to the Authority, upon the terms and
subject to the conditions set forth in the Prospectus and the related letter
of Transmittal, receipt of which is hereby acknowledged, the principal amount
of Bonds set forth below pursuant to the guaranteed delivery procedures set
forth in the Prospectus and in Instruction 2 of the Letter of Transmittal.
The undersigned hereby tenders the Bonds listed below:
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CERTIFICATE NUMBER(S) (IF KNOWN) OF BONDS OR AGGREGATE PRINCIPAL AGGREGATE PRINCIPAL
ACCOUNT NUMBER AT THE BOOK-ENTRY FACILITY AMOUNT REPRESENTED AMOUNT TENDERED
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PLEASE SIGN AND COMPLETE
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Signatures of Registered Holder(s) or
Authorized Signatory: Date: , 1995
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Address:
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Name(s) of Registered Holder(s): Area Code and Telephone No.
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This Notice of Guaranteed Delivery must be signed by the Holder(s)
exactly as their name(s) appear on certificates for Bonds or on a security
position listing as the owner of notes, or by persons(s) authorized to become
Holder(s) by endorsements and documents transmitted with this notice of
guaranteed Delivery. If signature is by a trustee, executor, administrator,
guardian, attorney-in-fact, officer or other person acting in a fiduciary or
representative capacity, such person must provide the following information.
Please print name(s) and address(es)
Name(s):
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Capacity:
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Address(es):
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm which is a member of a registered national
securities exchange or of the National Association of Securities Dealers,
Inc., or is a commercial bank or trust company having an office or
correspondent in the United States, or is otherwise an "eligible guarantor
institution" within the meaning of Rule 17Ad-15 under the Securities Exchange
Act of 1934, as amended, guarantees deposit with the Exchange Agent of the
Letter of Transmittal (or facsimile thereof), together with the Bonds
tendered hereby in proper form for transfer (or confirmation of the
book-entry transfer of such notes into the Exchange Agent's account at the
Book-Entry Transfer Facility described in the prospectus under the caption
"The Exchange Offer -- Guaranteed Delivery Procedures" and in the Letter of
Transmittal) and any other required documents, all by 5:00 p.m., New York
City time, on the fifth New York Stock Exchange trading day following the
Expiration Date.
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Name of firm
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(Authorized Signature)
Address Name
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(Please Print)
Title
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(Include Zip Code)
Area Code and Tel. No. Dated , 1995
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DO NOT SEND SECURITIES WITH THIS FORM. ACTUAL SURRENDER OF SECURITIES
MUST BE MADE PURSUANT TO, AND BE ACCOMPANIED BY, AN EXECUTED LETTER OF
TRANSMITTAL.
INSTRUCTIONS FOR NOTICE OF GUARANTEED DELIVERY
1. DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY. A properly
completed and duly executed copy of this Notice of Guaranteed Delivery and
any other documents required by this Notice of Guaranteed Delivery must be
received by the Exchange Agent at its address set forth herein prior to the
Expiration Date. The method of delivery of this Notice of Guaranteed Delivery
and any other required documents to the Exchange Agent is at the election and
sole risk of the holder, and the delivery will be deemed made only when
actually received by the Exchange Agent. If delivery is by mail, registered
mail with return receipt requested, properly insured, is recommended. As an
alternative to delivery by mail, the holders may wish to consider using an
overnight or hand delivery service. In all cases, sufficient time should be
allowed to assure timely delivery. For a description of the guaranteed
delivery procedures, see Instruction 2 of the Letter of Transmittal.
2. SIGNATURES ON THIS NOTICE OF GUARANTEED DELIVERY. If this Notice of
guaranteed Delivery is signed by the registered holder(s) of the Bonds
referred to herein, the signature must correspond with the name(s) written on
the face of the Bonds without alteration, enlargement, or any change
whatsoever. If this Notice of Guaranteed Delivery is signed by a participant
of the Book-Entry Transfer Facility whose name appears on a security position
listing as the owner of the Bonds, the signature must correspond with the
name shown on the security position listing as the owner of the notes.
If this Notice of Guaranteed Delivery is signed by a person other
than the registered holder(s) of any Bonds listed or a participant of the
Book-Entry Transfer Facility, this Notice of Guaranteed Delivery must be
accompanied by appropriate bond powers, signed as the name of the registered
holder(s) appears on the Bonds or signed as the name of the participant shown
on the Book-Entry Transfer Facility's security position listing.
If this Notice of Guaranteed Delivery is signed by a trustee,
executor, administrator, guardian, attorney-in-fact, officer of a
corporation, or other person acting in a fiduciary or representative
capacity, such person should so indicate when signing and submit with the
Letter of Transmittal evidence satisfactory to the Authority of such person's
authority to so act.
3. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. Questions and
requests for assistance and requests for additional copies of the Prospectus
may be directed to the Exchange Agent at the address specified in the
Prospectus. Holders may also contact their broker, dealer, commercial bank,
trust company, or other nominee for assistance concerning the Exchange Offer.