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<br />., <br /> <br />i I <br /> <br />(b) it is necessary and expedient to the sound financial management of the <br />affairs of the City to issue $2,020,000 General Obligation Improvement Bonds, Series <br />2001A (Bonds) pursuant to the Act to provide financing for the Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell Bonds in <br />the ltnount of $1,999,800. 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 $20,200. The excess of the <br />pur~ase price of the Bonds over the sum of $1,999,800 will be credited to the debt service fund <br />for ~he Bonds for the purpose of paying interest first coming due on the additional Bonds. The <br />Bonds will be issued, sold and delivered in accordance with the terms of the following Terms of <br />Propcpsal: <br /> <br />SJB-l 9 1i469v 1 <br />NE136-J66 <br />