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<br />~ <br />05~11-99 16:48 <br /> <br />From~KENNEOY & GRAVEN <br /> <br />+61Z3379310 <br /> <br />T~5Z5 p. 11/17 F~614 <br /> <br />Project pesignaIion & Description: <br /> <br />Total Project CoSt <br /> <br />Projects: 436-49611 and 436-49614 <br /> <br />Project COSts <br />COStS of Issuance <br />Allowance for Discount Bidding <br />Less: Investmem Earnings <br /> <br />Total Bond Issue: <br /> <br />$314.200 <br />1l.310 <br />3,250 <br />(3,820) <br />$325,000 <br /> <br />(b) <br /> <br />it is necessary and e.x.pedien~ to me sound .finu.m:iu.l managcmcnt of the <br />affairs of the City to issqe $325,000 General Obligation Storm Water Utility <br />Revenue Bonds, Series 1999B (Bonds) pursuant to the Act IO provide <br />financing for 1hc lInpruvcmau.s. <br /> <br />2. To pwvidc: flUalU..iug 1m the ImpruvementS. the Chy will tberefore issue and sell <br />Bonds in the amount of $321,750. To provide in part the additional interest required 10 market me <br />Bonds at 1his time. additional 80nds will be issued in the amount of $3,250. The excess of the <br />purchase price of the Bonds over the sum of $321.750 will be crediteu to the debt service fund for <br />the Bonds for the EUrpose of paying inwreSt first coming due on the additional Bonds. The Banas <br />will be issued, sola and deliverell in accordance with me terms of the follOwing Official Terms of <br />Proposal: <br />