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04-065
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04-065
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7/8/2005 3:37:34 PM
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7/8/2005 10:28:26 AM
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<br />'h I <br /> <br />Public Development Cost <br /> <br />Amount <br /> <br />Land acquisition, demolition, relocation, <br />remediation, administration, and <br />related development costs <br />Underwriter's Discount <br />Costs of Issuance <br /> <br />Total Issue <br /> <br />$6,730,775 <br />68,350 <br />35,875 <br />$6,835,000 <br /> <br />! (e) it is necessary and expedient to the sound financial management of the <br />I affairs of the City to issue $6,835,000 General Obligation Tax Increment <br />i Bonds, Series 2004A (Bonds) to provide financing for the Costs. <br /> <br />12. In order to provide financing for the Costs, the City will therefore issue and sell <br />I Bonds in the amount of $6,766,650. In order to provide in part the additional interest <br />I' required to market the Bonds at this time, additional Bonds will be issued in the amount <br />of $68,350. The excess of the purchase price of the Bonds over the sum of $6,766,650 <br />will be credited to the debt service fund for the Bonds for the purpose of paying interest <br />first coming due on the additional Bonds. The Bonds will be issued, sold and delivered <br />in accordance with the tenns of the following Terms of Proposal: <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />,I <br /> <br />.. <br />II <br />.1 <br />il <br />II <br />II <br />:1 <br />II <br /> <br />Il <br />I' <br />,I <br />II <br />I. <br />q <br />Ii <br />I' <br />'! <br />I, <br />I <br />" <br />I, <br />I', <br />II <br />II <br />" <br />!l <br />II <br />'1 <br />h <br />q <br />" <br />JI <br />II <br />" <br />u <br />" <br />II <br />I, <br />q <br />II <br />SJB-251~OVl <br />NE136-1 <br /> <br />, <br />
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