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<br />.:. <br /> <br />Winfield Development Project: <br />Land Acquisition and <br />Relocation Expenses <br />Sanitary Sewer Lift <br />Station Construction <br />Contingency <br />Legal, Fiscal, Bond Issuance <br />and Administrative <br />Expenses <br />Capitalized Interest <br />Allowance for Discount <br />Total <br /> <br />$ <br /> <br />980,000 <br /> <br />35,000 <br />50,000 <br /> <br />114 , 9 50 <br />193,050 <br />27,000 <br />$1,400,000 <br /> <br />(b) That it is necessary and expedien t to the <br />sound financial management of the affairs of <br />the City that the City issue its bonds pursu- <br />ant to Minnesota Statutes, Chapters 273 and <br />475, to provide financing for the Improve- <br />ments. <br /> <br />2. The City shall therefore issue and sell its <br />$1,400,000 General Obligation Tax Increment Bonds of 1983, <br />Series A (the "Bonds") to provide financing of the Improve- <br />ments, and $27,000 of such amount shall represent additional <br />bonds issued pursuant to Minnesota Statutes, Section 475.56, <br />as additional interest required to market the Bonds at this <br />time. The Bonds shall be issued and sold in accordance with <br />the following Official Notice of Sale: <br /> <br />- 2 - <br />