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II Ii. ;" (..... i' Ii . ' II (c) the City is authorized by section 469.178 of the TIP Act to issue and sell jlE 1,' general o. bligatlOns to. pay all or a portlOtl of the publIc development costs (Costs) related to I the District as identified in the tax increment financing plans (Plans) for the TIP District. I I I (d) the Plans authorize the following Costs to be financed by the general i obligations: II i I Public Development Cost 'I il Land ~c~uisition, .d~mol~tion, relocation, 11 remedIation, admimstratIon and related I development costs I' Underwriter's Discount i Costs of Issuance I i I Amount $2,212,280 29,445 23,275 Total Issue $2,265,000 (e) it is necessary and expedient to the sound financial management of the I affairs of the City to issue $2,265,000 Taxable General Obligation Tax Increment Bonds, ! Series 2004B (Bonds) to provide financing for the Costs; !, 2. To provide financing for the Costs, the City will issue and sell Bonds in the amount , of $2,235,555. To provide in part the additional interest required to market the Bonds at this II time, additional Bonds will be issued in the amount of $29,445. The excess of the purchase I price of the Bonds over the sum of $2,235,555 will be credited to the debt service fund for I the Bonds for the purpose of paying interest first coming due on the additional Bonds. The I Bonds will be issued, sold and delivered in accordance with the terms of the following i Official Terms of Proposal: I II ! i I 1, r I i Ii II II I, ii' , , , , ! q Ii I ;1 i' I! ii S18-251 II,., NE136"1~ \;