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<br />" ( <br /> <br />1.01. It is hereby determined that: <br /> <br />(a) the following assessable public improvements (the Improvements) have <br />been made, duly ordered or contracts let for the construction thereof, by <br />the City pursuant to the provisions of Minnesota Statutes, Chapter 429 <br />(Act): <br /> <br />Project Designation &: Description: <br />Total Project Cost <br /> <br />TOTAL <br /> <br />$ ?55,OOO <br />o <br />~pOOO <br /> <br />$260,000.00 <br /> <br />Construction <br />Capitalized Interest <br />Costs of Issuance <br /> <br />2.01. The offer of FirstRr HIW RAl'lk ' (Purchaser) to <br />purchase the Bonds is found to be a reasonable 0 er and is accepted, the offer being <br />to purchase the Bonds at a price of P8I' for Bonds bearing interest as follows: <br /> <br />Year of Maturity <br /> <br />Interest Rate <br /> <br />1992 <br />1993 <br />1994 <br />1995 <br />1996 <br /> <br />6.7096 <br />6.80 <br />6.90 <br />7.00 <br />7.10 <br /> <br />2.02. The City shall forthwith issue and sell the Bonds to the Purchaser in the <br />total princiPal amount of $260,000. The Bonds shall be originally dated as of delivery <br />in the denomination of $5,000 or integral multiple thereof as requested by the <br />Purchaser, and will mature on January 1 in the years and installment amounts as <br />follows: <br />