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2004-02-11 CC Meeting
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2004-02-11 CC Meeting
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<br />Proiect Designation & Description <br /> <br />Total Proiect Cost <br /> <br />Hunters Crossing Phase 2 <br />And Related Improvements <br />Est. Engineering & Contingency <br />Capitalized Interest <br />Costs ofIssuance <br /> <br />$598,749.'Jf44 <br />149,687.43 <br />11,700.00 <br />19.862.84 <br /> <br />Total Issue: <br /> <br />$780,000.00 <br /> <br />(b) it is uecessary and expedient to the sound fmancial management of the <br />affairs of the City to issue $780,000 General Obligation Temporary Improvement Bonds, <br />Series 2004A (Bonds) pursuant to the Act to provide temporary financing for the <br />Improvements. <br /> <br />2. To provide temporary financing for the Improvements, the City will therefore <br />issue and sell Bonds in the amount of $772,200. To provide in part the additional interest <br />required to market the Bonds at this time, additional Bonds will be issued in the amount of <br />$7,800. The excess of the purchase price of the Bonds over the sum of $772,200 will be credited <br />to the debt service fimd for the Bonds for the purpose of paying interest first coming due on the <br />additional Bonds. The Bonds will be issued, sold and delivered in accordance with the terms of <br />the following Terms of Bond Sale: <br /> <br />S18-243431vl <br />CE155-22 <br /> <br />. <br /> <br />... <br />
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