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* The of Or bands a price Tenn 'ty reserves the right, after proposals are opened and prior to award, to increase or reduce the principal t of the Bonds offered for sale. Any such increase or reduction will be made in multiples aremi~m~onered maturities. In the event the principal amount of the Bonds is increased or reduced, arry p ,ff discount taken by the successful bidder wild be increased or reduced by a percentage equal to the tage by which the principal amount of the Bonds is increased or reduced. s for the Bonds may contain a maturity schedule providing far a combination of serial d term bonds. All term bonds shall be subject to mandatory sinking fund redemption at f par plus accrued interest to the date of redemption and must conform to the maturity set forth above. In order to designate term bonds, the proposal must specify "Years of aturities" in the spaces provided on the Proposal Form. BpOK ENTRY SYSTEM The B ds will be issued by means of a book entry system with no physical distribution of Bonds ode to the public. The Bonds will b of thedBondsl mature ingeinf each yearn will be repres ting the aggregate principal arnaun regist din the name of Cede & Co. as nominee of The Depository Trust Company ("DTC"), New ork, New York, which will act as securities depository of the Bands. Individual porch es of the Bonds may be made in es madepon the bookstand recordsy ofuDTC and its of a ~ gee maturity through book entn partic ants. Principal and interest are payable by the registraz to DTC or its nominee as regist ed owner of the Bonds. Transfer of principal and interest payments to participants of DTC ill be the responsibility of DTC; transfer of principal and interest payments to beneficial owne by participants will be the responsibility of such participants and other nominees of bene ial owners. The purchaser, as a condition of delivery of the Bonds, will be required to depo the Bonds with DTC. REGISTRAR The ty will name the registrar, which shall be subject to applicable SEC regulations. The City will y for the services of the registraz. OPTIONAL REDEMPTION The ity may elect on February 1, 2018, and on any day thereafter, to prepay Bonds due on or after ebruary 1, 2019. Redemption may be in whole or in part and if in part at the option of the City din such manner as the City shall determine. If less than all Bonds of a maturity are call for redemption, the City will notify DTC of the particular amount of such maturity to be prep d. DTC will determine by lot the amount of each participant's interest in such maturity to be r eerned and each participant will ~e ents shallbe at a price of par plus accrued intere t In suc aturity to be redeemed. All prepaym SECURITY AND PURPOSE The ands will be general obligations of the City for which the City will pledge its full faith and cre ' and power to levy direct general ad valorem taxes. In addition, the City will pledge tax inc ent revenues from Tax Increment District No. 31. The proceeds will be used to finance tan acquisition, demolition, and remediation efforts within the City's Northwest Quadrant 5JB NE136-214