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<br />" 05pit-99 16:48 <br /> <br />From-KENNEDY & GRAVEN <br /> <br />+6123379310 <br /> <br />T-5Z5 P.l1/17 F-614 <br /> <br />Projec~ Designation & Description: <br /> <br />Total Project Cos~ <br /> <br />Projects: 436-49611 and 436-49614 <br /> <br />ProjeCt COSts <br />CasIS of Issuance <br />Allowance for Discount Bidding <br />Less: InvesnnenI Earnings <br /> <br />Total Bond Issue: <br /> <br />$314,200 <br />11.370 <br />3,250 <br />l3.82m <br />$325,000 <br /> <br />(b) <br /> <br />it is necessary and expedient to the sound financiAl management of The <br />affairs of the City to issqe $325,000 General Obligation Storm Water Utility <br />Revenue Bonds, Series 1999B (Bonds) PUISuant ro the Act to provide <br />fUlancing for the lwprovements. <br /> <br />2. To f110viac flUaUl..ing fur !lIe Impruvt=Ulelll.S, we Cily will merefore issue and sell <br />Bonds in the amount of $321,750. To providz in pan the additional interest required 10 market the <br />Bonds at this time, additional BODds will be issued in the amOUDr of $3.,250. The excess of me <br />purChase price of the Bonds over the sum of S321,750 will be cre<1ired to the debt service fund for <br />the Bonds for the purpose of paying inlerest firST COming due on the additional Bonds, The Bonds <br />will be issued. sold and delivered in accordance with me renns of the following Official Terms of <br />Proposal: <br />