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Colty of Rosevilla, Ainnesot;7 <br />Janu�a,ry 6,1 200�3 <br />Our recommended pn"nc'ipal structure for the Municipal Building Bonds Is shown on Pag�e 7. <br />1 <br />Debt service has been structureci to, result in even annual levy, requirements over a terrn of <br />I <br />fifteen years. Pa�ge 7 sh�ows the folloWng informabon.-I <br />Columns I through 4 show, the annual pinncipal, estimated interest rates and projectea, <br />total Principal, and interest payments, given the cu�rren�t m�arket environment. <br />I I <br />Colu�m�n 5'showsi the 5% oveflevy which is required by State statutes e <br />nd sery <br />a s as a <br />CI I <br />protection to bondholdersi and the City, in the event of delinquen 'es an the collection of <br />taxes., <br />4 <br />evy requiremell <br />Based on current 'Interest rates, it is expected that th�e City's a�vleirage annual I <br />rel�ated� to the Bonds Will be approximately $9177,000, including the 51%, ovedevy. I <br />M =&-'7111'11111 11'', 111 11� <br />4. <br />SPRINGSTED Inc*rporatied <br />r <br />.!�Irovided to Staff". 61) Summary ofConti n u wing scl�oisure R,eq�ui�reimen�ts <br />b) Summary of Arbitrage Rules <br />C) Rebatel and Continuing Disclosure Contacts <br />ii <br />