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<br />~ <br /> <br />Project Designation & Description <br /> <br />Total Project Cos t <br /> <br />Total <br /> <br />$315,000 <br />185,000 <br />30,000 <br />13,400 <br />6,600 <br /> <br />$550,000 <br /> <br />93-40 Water Meters <br />93-07 23rd Avenue Sewer <br />94-12 Lift Station <br />Costs of Issuance <br />Discount <br /> <br />(c) it is necessary and expedient to the sound financial management <br />of the affairs of the City to issue $550,000 General Obligation Sewer and Water <br />Revenue Bonds, Series 1994B (Bonds) pursuant to the Act to provide <br />financing for the Project. <br /> <br />2. In order to provide financing for the Project, the City will therefore <br />issue and sell Bonds in the amount of $543,400. To provide in part the additional <br />interest required to market the Bonds at this time, additional Bonds will be issued <br />in the amount of $6,600. The excess of the purchase price of the Bonds over the sum <br />of $543,400 will be credited to the debt service fund for the Bonds for the purpose <br />of paying interest first coming due on the additional Bonds. The Bonds will be <br />issued, sold and delivered in accordance with the terms of the following Terms of <br />Proposal: <br /> <br />SHG70087 <br />NE1J6-1l6 <br />