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Year <br />Interest Rate <br />Year <br />Interest Rate. <br />2018* <br />0 <br />1.25 /a <br />2024* <br />2,35% <br />2.65 <br />2m0* <br />1.70 <br />2026* <br />2028* <br />n.o <br />2022* <br />2.05 <br />*Teem Bond <br />True interest.cost:.2.4062751% <br />1.W, Purchase Contract. Any original issue premium and any rounding amount shall. be <br />d hereinafter dreated, as <br />credited to -the Debt Service Fund hereinafter created or the <br />ow. .F advisor, The Treasurer ie directed <br />determined by the Treasurer in consultation with the City s m p <br />to retain the good faith check of the Purchaser, pending e of the Bonds, and to return <br />completion. of the sal <br />the good faith checks of the unsuccessful proposers, The Mayor and City Administrator -Clerk are <br />directed to execute a contract with the Purchaser on behalf of the City. <br />1,04. Terms and Principal Amount .of B The'City will forthwith issue an esea� the Bonds <br />pursuant to the. Act, specifically Section 475.67, subdivision 13, in the original aggregate principal <br />amount of $775,00% originally -dated June 17, 201;5; in the denomination of $5,000 each or any integral <br />multiple: thereof, numbered NO..R-1, upward, beaming interest as above set forth; and.maturing serially on <br />Februaryl in the years and.amounts as follows: <br />Year <br />2018* <br />2020* <br />1022* <br />*Term Bond <br />Amount <br />$i 20,000 <br />1.25,000 <br />125;000 <br />Year <br />2024* <br />2026'* <br />.2028* <br />$130,000 <br />135,000 <br />140,000 <br />1.05. Optional Redemption. The City may .elect on February �1, 2024, and on. any day <br />thereafter to prepay Bonds.due on or after February.. 1, 2025. Redemption maybe M whole or in...part and <br />if. in part, at the option of <br />the: City and. in such manner as the City will deteimirie; If less than all Bonds of <br />a maturity are called :for redemption:, the City will notify DTC (as defined in Section 8 hereof n the <br />particular amount of such maturity to be prepaid, ed an l determine. bIt will Mien select bx .lott the <br />participant's interest in. such maturity to be redeem P� ents will beat a:price of par plus <br />beneficial ownership interests in.such maturity to be redall <br />eemed. Prepayments <br />.accrued interest. <br />1.06. 1Vlandato Redem tion. The Bonds maturing. on February 1, 20.1.8, February 1, 2020, <br />ary 1, 2026 and February.l> 2028 shallhereinafter he referred <br />February 1, 2022, February 1, 2024, Febru <br />to collectively as the: "Tenn Bonds:" The principal amounu ta earlier eaonal redemptionse Term I$Onds subject tomwith any <br />i <br />.sinking :fund redempton on any date may be reduced. through � <br />partial redemptions the Term Bonds credited against future mandatory sinking fund redemptions of <br />such Term Bonds. -in such order as the City shall determinearThusB ccrued Wiest on Febre subjectruaty 1 o mandatory <br />of the. <br />sinking fund redemption and. sball be redeemed m part at p p <br />followingyears and in the principal amounts as follows: <br />461255vGAF GE190-12 3 <br />