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<br />05~11-99 16:46 <br /> <br />From-KENNEDY & GRAVEN <br /> <br />+6123379310 <br /> <br />T-525 P-03/17 F-614 <br /> <br />Proiect Pesi2nation & Description: <br /> <br />Total Project COSt <br /> <br />Improvement Projects: 435-49804; 435-49803; <br />435-49808; 435-49801; 435-49701; 435-49901; <br />'135 49903; 436-49613 <br /> <br />Project COSTS <br />Allowance for Discount Bidding <br />Less: Prepayments of Assessments <br />Less: Invesunent Earnings <br /> <br />Total Bond Issue: <br /> <br />$3,842,927 <br />37,250 <br />(138,692) <br />116AS5) <br />$3,725,000 <br /> <br />(b) it is necessary and expedient to f.he sound financial management of the affairs of <br />the CiTy to issue $3.687,750 Cenerill Obligation Improvement Bonds, Series 1999A <br />(Bonds) pursuant to Ihe Act to provide financing for the Improvements. <br /> <br />2. To provide fInancing for [he Improvements, the C~ty will issue and sell Bonds in the <br />amount of $3,687,750. To provide in part the additional interest required to market the Bonds at <br />wis time, additional Bonds will be issued in me amount of $37,2S0. The eXce~s. of the purchase <br />price of the Bonds over the SUJ..u uf $3,687,75Q will be credited to the debt senice fund t"o.r the <br />Bonds for {he purpose ot paying inTereSt firsI coming due on me additional Bonds. The Bonds <br />will be issued, sold and delivered in accordance with the renns of the following Tenus of <br />Proposal: <br /> <br />DJK'162659 <br />NE136-14S <br />