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F 71 <br />the application if not covered by the sum previously <br />deposited with the City a <br />Section 6. Other Conditions <br />(a) Size of Issue: Normally, because of costs and <br />expenses involved, an industrial revenue issue of less <br />than $1400,900 will not be considered -or processed, <br />(b) Utilities and Assessments: A condition to'any <br />Council final bond resolution f developer seeking <br />such financing is the payment in full of all publi* <br />utility costs I assessments. oversizing, and addonal <br />costs to rneet state aid standards, -which shall be paid <br />-in full at the time of closing of the bond is'sue- from <br />L&ond proceeds.- A letter of credit or escrow must be, <br />deposited. at the time the City adopts the preliminary <br />resolution, if required by the City, with the City Clerk <br />for the payment of such costs. In addition, all unit <br />costs, connection and permit charges, and previous <br />levied or pending and-outstanding assessments must be <br />paid at the tirne of closing of the bond issue . <br />(c) Rrivate Placement: The. Council'will not issue such <br />61 <br />