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Year Interest Rat -- <br />_ Year Interest hate <br />2017 <br />2023 <br />018 <br />2024 <br />2019 <br />2025 <br />020 <br />20?6 <br />2.021 <br />2027 <br />2022 <br />2028 <br />'I rue interest cast: °fa <br />Purchase Contract. Any original issue premium and. any-.t•ounding amount shall be <br />credited to the Debt Service. Fund Bern -rafter created or the Escrow Fund hereinafter created, as <br />determined b) the 'Treasurer irt. cotistittati.on with. the City's municipal advisor: The "Treasurer is directed <br />to retain the crood.fa.ith check of the Purchaser; pending completion ofthe sale of the Bonds, and to rettim <br />the goad faith checks of the -unsuccessful proposers. 'The . N.layor and City Administrator -Clerk. are <br />directed tnexrctite a contract with the Purchaser on behalYofthe City. <br />I,04. Terms Principal .�t ofTe <br />_ City will forthwith issue and sell the Bond, <br />pursuant to the Act; s.peciticaliv Section 475.67; subdivision 13., in the original aggregate principal <br />amount of $-_ , originally dated. June 17, 201.6* in tile. denomination of r.5,000 each or any integral <br />multiple thereof; numbered No. R-1, upward, bearing interest as above set forth, and malttring.seriali.y on <br />February I in the. years and amounts as fullew. : <br />Year <br />2017 <br />2018 <br />2019 <br />2(�2U <br />2021 <br />2022 <br />Amount Year <br />2023 <br />2024. <br />7 _S2: <br />. <br />2026 <br />2027 <br />2029 <br />Amount <br />i.OS. Qptional_ Redernplion. The.. City may elect on February, 1, 2024, at em any. day <br />th ret fter to prepay Bonds duc on or after Febrtrary 1,.2025... Redemption may be in wh:blc. tir in pirtdild* <br />if in part, at the option of the City :ttnd .in. stick. rnanner.as. the Chit wilI determi�ie.:lf fens than a:11 13taiids of <br />a maturity are allied for redemption, the City will notify D7'C (as defined in :Section 8 hereo. j of the <br />particular amount .of such maturity W be. prepaid.. DTO will determine. by lot the alnourtt .of each <br />participant's interest *in sticli nta.turity to be .redeemed and eaeh participant will then select by cell tile <br />beneficial c)wne.rtihip inter.ests.iti.such mativity to he redeemed. Prepayments will be at a price -of pat- plus <br />accrues! interest.. <br />Section 2. gg istration -ZnaytncF�t.. <br />?.U.i, Registered Form. The .Bonds will be issued only in fully registered form. The interest <br />lhe.reon .and, upon sltrrcnder of each Band; the principal arnotint thereof, *is pavable by chm-k .or draft <br />is sued by the Registrar described herein. <br />2..U- DaJ s � ttErest Pa�.n�et7r Dates: [;ash Bond will be .dated as of the last interest payment <br />date preceding the: date of autlicntication to which interest on the 13otrd has been paid or ►nacic.ttuailabic <br />IOr payniont, unless fi) the date of authentication is art interest payment date to which interest has bps: ► <br />40125Sv1 0Af'(t::190-12 <br />