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<br />" <br /> <br />t, :' <br /> <br />Project Designation & Description <br /> <br />92-08 Mork Campion <br />92-13 Halva Addition <br />92-14 Innsbruck 2nd Addition <br />93-01 Apache Hills Rehab <br />93-02 Innsbruck Rehab <br />93-06 Poppyseed Street <br />94-03 Bellaire Area Street Rehab <br />94-04 7th Street Rehab <br />Subtotal <br />Plus: Allowance for Discount <br />Less: Investment Earnings <br /> <br />Total Project Costs <br /> <br />Total Bond Issue <br /> <br />$ 593,076 <br />74,677 <br />422,833 <br />850,712 <br />31,788 <br />75,686 <br />1,226,186 <br />253,769 <br />$3,528,727 <br />42,720 <br />11 ,447 <br /> <br />$3,560,000 <br /> <br />(b) it is necessary and expedient to the sound financial management <br />of the affairs of the City to issue $3,560,000 General Obligation Improvement <br />Bonds, Series 1994A (Bonds) pursuant to the Act to provide financing for the <br />Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell <br />Bonds in the amount of $3,517 ,280. To provide in part the additional interest <br />required to market the Bonds at this time, additional Bonds will be issued in the <br />amount of $42,720. The excess of the purchase price of the Bonds over the sum of <br />$3,517,280 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 />SNG70082 <br />NE136-116 <br /> <br />( <br />