Laserfiche WebLink
Bonds credited against future mandatory sinking fund redemptions of such Tenn Bonds in such order as the <br />City shall determine. The Term Bonds are subject to mandatory sinking fund redemption and shall be <br />redeemed in part at par plus accrued interest on February 1 of the following years and in the principal <br />amounts as follows: <br />Sinking Fund Installment Date <br />February 1, 2028 Term Bond <br />2022 <br />2023 <br />2024 <br />2025 <br />2026 <br />2027 <br />2028* <br />Principal Amount <br />$40,000 <br />40,000 <br />40,000 <br />40,000 <br />40,000 <br />45,000 <br />45,000 <br />* Maturity <br />Sinking Fund Installment Date <br />February 1. 2034 Term Bond <br />Principal Amount <br />2029 <br />$45,000 <br />2030 <br />50,000 <br />2031 <br />50,000 <br />2032 <br />50,000 <br />2033 <br />55,000 <br />2034* <br />55,000 <br />* Maturity <br />The undersigned, as officers of the City who have the responsibility together with the governing <br />body of the City for the issuance of the Bonds, further certify that, as of the date hereof, the City <br />reasonably expects the following with respect to the Bonds: <br />1. Proceeds of Bonds. On the date hereof, the City received proceeds of the Bonds in the <br />amount $655,467.15 (par amount of $660,000.00, plus original issue premium of $19,227.15, less <br />underwriter's discount of $23,760.00), plus accrued interest, if any. <br />2. Purpose of Bonds: Project Costs. The Bonds are being issued to provide funds to finance <br />all or a portion of the cost of certain assessable public improvements within the City including those <br />improvements designated as the 2018 Scheuneman Road Reconstruction Project (the "Assessable <br />Improvements"). Proceeds of the Bonds shall be expended as follows: <br />527553v1 GAF GE190-14 2 <br />