Laserfiche WebLink
<br />Project Designation &: Description: <br /> <br />Improvement Projects UL-89-l1, ST-87-12-17, ST-89-19, P-55-W-89-13, P-90-02 <br />and P-89-o4 <br /> <br />TOT AL <br /> <br />Total Project C05t <br /> <br />$1,951,170 <br />13,830 <br />15,000 <br />$1,980,000 <br />20,000 <br /> <br />$2,000,000 <br /> <br />Construction Contracts <br />Capitalized Interest <br />Costs of Issuance <br />Subtotal <br />Discount <br /> <br />(b) it is necessary and expedient to the sound financial management of <br />the affairs of the City to issue $,2,000,000 General Obligation <br />Improvement Bonds, Series 17 (Bonds) pursuant to the Act to provide <br />financing for the Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and <br />sell Bonds in the amount of $1,980,000. To provide in part the additional interest <br />required to market the Bonds at this time, additional Bonds will be issued in the <br />amount of $20,000. The excess of the purchase price of the Bonds over the sum of <br />$1,980,000 will be credited to the debt service fund for the Bonds for the purpose <br />of paying interest first coming due on the additional Bonds. The Bonds will be <br />issued, sold and delivered in accordance with the terms of the following Official <br />Terms of Offering: <br />