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02-100
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Resolutions 2002
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02-100
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Last modified
7/13/2005 3:15:06 PM
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7/12/2005 8:45:40 AM
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<br />, , <br />; \ .',~ <br />I; <br /> <br />Proiect Designation & Description: <br /> <br />Total Proiect Cost <br /> <br />:. Improvement Projects 01-1 and 02-1 <br /> <br />Project Costs <br />Underwriter's Discount (1.10%) <br />Costs ofIssuance <br />Rounding Amount <br /> <br />$3,102,868.08 <br />34,870.00 <br />29,500.00 <br />2,761.92 <br /> <br />Bond Issue <br /> <br />$3,170,000.00 <br /> <br />(b) it is necessary and expedient to the sound financial management of <br />the affairs of the City to issue $3,170,000 General Obligation Improvement and Water <br />Revenue Bonds, Series 2003A (Bonds) pursuant to the Act to provide financing for the <br />Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell Bonds in <br />the amount of$3,135,130. To provide in part the additional interest required to market the <br />Bonds at this time, additional Bonds will be issued in the amount of $34,870. The excess <br />of the purchase price of the Bonds over the sum of$3,135,130 will be credited to the debt <br />service fund for the Bonds for the purpose of paying interest first coming due on the <br />additional Bonds. The Bonds will be issued, sold and delivered in accordance with the <br />terms of the following Terms of Offering: <br /> <br />SJB-224,114vl <br />NE13M184 <br />
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