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<br />Proiect Designation & Description: <br /> <br />Total Proiect Cost <br /> <br />Hunters Crossing Improve111ents <br /> <br />Construction Costs <br />Contingencies and Engineering <br />Subtotal <br />Costs of Issuance <br />Less: Est. Const. Fund Inv. Incon1e <br />Subtotal <br />Rounding Factor <br /> <br />Total Issue <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 /> <br />$650,000.00 <br /> <br />(b) it is necessary and expedient to the sound financial managelnent of the <br />affairs of the City to issue $650,000 General Obligation In1prove111entBonds of 2000 <br />(Bonds) pursuant to the Act to provide financing for the In1proven1ents. <br /> <br />2. To provide financing for the IlnprOVe111ents, the City will issue and sell Bonds in <br />the a1110unt of $640,250. To provide in part the additional interest required to 111arket the Bonds <br />at this tinle, additional Bonds will be issued in the a1110unt of$9,750. The excess of the purchase <br />price of the Bonds over the SU111 of $640,250 will be credited to the debt service fund for the <br />Bonds for the purpose of paying interest first c0111ing due on the additional Bonds. The Bonds <br />will be issued, sold and delivered in accordance with the tern1S of the following Terms of <br />Proposal: <br /> <br />SJB-187824v 1 <br />CE155-16 <br />