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<br />within the Maximum Allowable Reoffering Premiums stated <br />below for each maturity. The Maximum Allowable Reoffering <br />Premiums for any Taxable Bonds proposal shall not include more <br />than a de minimus amount of premium for each maturity. <br /> <br /> Maximum Maximum <br /> Allowab]e Allowable <br /> Reoffering Reoffering <br />Year Premium Year Premium <br />20]2 100.50% 2019 102.00% <br />2013 100.75% 2020 102.00% <br />2014 101.00% 2021 102.00% <br />2015 101.25% 2022 102.00% <br />2016 101.50% 2023 102.00% <br />2017 101.75% 2024 102.00% <br />2018 102.00% 2025 102.00% <br /> <br />The City's computation of the interest rate of each proposal, in <br />accordance with customary practice, will be controlling. In the <br />event of a tie, the sale of the Bonds will be awarded by lot. The <br />City will reserve the right to: (i) waive non-substantive <br />informalities of any proposal or of matters relating to the receipt <br />of proposals and award of the Bonds, (ii) reject all proposals <br />without cause, and (iii) reject any proposal which the City <br />determines to have failed to comply with the terms herein. <br /> <br />INFORMATION FROM <br />SUCCESSFUL BIDDER: <br /> <br />The successful bidder will be required to provide, in a timely <br />manner, certain information relating to the initial offering price of <br />the Bonds necessary to compute the yield on the Bonds pursuant <br />to the provisions of the Internal Revenue Code of 1986, as <br />amended. <br /> <br />OFFICIAL STATEMENT: <br /> <br />By awarding the Bonds to any underwriter or underwriting <br />syndicate submitting a proposal therefore, the City agrees that, no <br />more than seven business days after the date of such award, it <br />shall provide to the senior managing underwriter of the syndicate <br />to which the Bonds are awarded, the Final Official Statement in an <br />electronic format as prescribed by the Municipal Securities <br />Rulemaking Board (MSRB). <br />