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<br />Proiect Designation & Description: <br /> <br />Hunters Crossing Improvements <br /> <br />Construction Costs <br />Contingencies and Engineering <br />Subtotal <br />Costs ofIssuance <br />Less: Est. Const. Fund Inv. Income <br />Subtotal <br />Rounding Factor <br /> <br />Total Issue <br /> <br />Total Proiect Cost <br /> <br />$502,780.00 <br />120.667.20 <br />$623,447.20 <br />23,929.38 <br />(1.108.35) <br />$649,568.23 <br />431.78 <br />$650,000.00 <br /> <br />(b) it is necessary and expedient to the sound [mancial management of the <br />affairs of the City to issue $650,000 General Obligation Improvement Bonds of 2000 <br />(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 amount of $640,250. To provide in part the additional interest required to market the Bonds <br />at this time, additional Bonds will be issued in the amount of$9,750. The excess of the purchase <br />price of the Bonds over the sum of $640,250 will be credited to the debt service fund for the <br />Bonds for the purpose of paying interest first coming due on the additional Bonds. The Bonds <br />will be issued, sold and delivered in accordance with the terms of the following Terms of <br />Proposal: <br />