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Year Interest Rate <br />20'17 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />True interest cost:. % <br />Year Interest Rate <br />2023 <br />2024 <br />2025 <br />:2026 <br />2027 <br />202& <br />1.03. Purchase Contract. Any original issue premium and any rounding amount shall be <br />credited to the Debt Service Fund hereinafter created or the Escrow Fund hereinafter created; as <br />determined by the. Treasurer in consultation with the City's municipal advisor. The Treasurer is -directed <br />to retain the good faith check of the Purchaser,. pending completion of the sale of the Bands, od,to..retum <br />the good faith checks of the unsuccessful proposers. The Mayor and City Administrator -Clerk, are <br />directed to execute. a cQntract-with the Purchaser on behalf of the City. <br />1.04. Terms and, Princi lWAAmount of Bonds. The City'will forthwith issue and sell°the Bonds <br />pursuant to the Act, specifically .Section 475.67, subdivision 13, in the original aggregate. principal <br />amount of.$ ,originally dated tune `17, 201$, in -the denomination o 5;000 each -or -any integral <br />multiple thereof, numbered No: R l., upward; beanng*interest as above set forth, and maturing serially on <br />Vebruary 1 in the years and amounts. as follows: <br />Year Amount <br />Year Amount <br />2617 <br />2023 <br />2019 <br />2024. <br />2019 <br />2025 <br />202Q <br />2026. <br />2021 <br />2027 <br />2022 <br />2028 <br />1.05. Optional Redemption. The pity may elect on February 1, 2024, and on any day <br />thereafter• to prepay Bonds due on or after February 1,.2025. Redemption. may in whole or in part and <br />if in part, at the option of the City and. in such. manner as the City will determine. If less.than all Bonds of <br />a maturity are called for redemption, the. City will notify DTG (as defined in 'Section & hereof) of the. <br />particular amount of such Iaturity-*- to be prepaid. DTC will determine. by lot the amount of each <br />participant's interest in such .maturity to be redeemed -and each participant will then select b lot the. <br />beneficial ownership. interests in such maturity to be redeemed. Prepayments will be at a. price o�par plus <br />accrued interest. <br />Section 2. Registration and Payment. <br />2.01. Registered Form: The Bonds will be i'ssued only in fully registered form. The -interest <br />thereof► and, .upon surrender of each Bond, the principal amount thereof, is .payable by check or draft <br />issued by te*Registrar described herein... <br />2.02. Dates: Interest Payment :Dates. Each. Band will be dated as of the last interest payment <br />date. preceding the date of authentication to. which interest on the Bond has been paid or made available <br />for payment, unless (i) the date of authentication is -an interest payment date to which interest has been <br />4612550 GAT GCI.9042 <br />