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<br /> - <br /> , <br /> . <br /> , , <br /> . <br /> Permanent financing for City Improvement No. 74-3 <br /> Cost: $ 47,527.67 <br /> Less: <br /> Liquor Store Funds <br /> appropriated to Improvement <br /> No. 74-3 $ 2,376.38 <br /> Amount of Permanent Bonds $ 45,151.29 <br /> Permanent financing for City Improvement No. 74-6 <br /> Cost: $ 35,551.90 <br /> Permanent financing for estimated costs of 1976 City <br /> Improvements: <br /> 76-1 $ 66,371.94 <br /> 76-2 $ 72,124.00 <br /> Subtotal for Permanent financing $647,676.92 <br /> Bidder's Discount allowable $ 12,323.08 <br /> Total of Permanent Improvement Bonds <br /> of 1976 to be issued $660,000.00 <br /> 2. The City Council hereby finds and determines as follows: <br /> a) The amounts available to pay the Temporary Improve- <br /> ment Bonds of 1973 set forth in paragraph 1 are true and <br /> correct and have been appropriated for that purpose; the <br /> Council has heretofore found and "determined that the total <br /> assessable costs of City Improvements Nos. 73-2, 73-3, 73-4, <br /> 73-5, 73-6 and 73-9 is the sum of $487,002.35; all such <br /> costs have been paid; special assessments have been levied <br /> by the Council in such total amount against all property <br /> benefited thereby, including the sum of $22,695.78 against <br /> City property to be paid from general funds; and said special <br /> assessments were levied in 1975 and are payable in 15 equal <br /> annual installments in the years 1976 to 1990, with interest <br /> at the rate of 8% per annum on all deferred installments of <br /> principal. <br /> b) The amounts available to pay the costs of City <br /> Improvement No. 74-3 set forth in paragraph 1 are true and <br /> correct and have been appropriated for that purpose; said <br /> improvement has been duly authorized and contracted for; <br /> the total assessable costs of Improvement 74-3 are in the <br /> amount set forth in paragraph 1; and special assessments <br /> will be levied by the Council against all property specially <br /> benefited by said Improvement 74-3 in the minimum amount of <br /> $45,151.29 in 1976, payable in 15 equal annual installments <br /> of principal in the years 1977 to 1991, with interest on all <br /> deferred installments in amounts at least 5% greater than <br /> principal and interest to become due on $45,151.29 of the <br /> Permanent Improvement Bonds of 1976. <br />