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<br />Project Desi~ation & Description <br /> <br />Total Project Costs <br /> <br />1994 Street Improvements <br /> <br />Construction <br />Capitalized Interest, administrative & engineering <br /> <br />$2,022,000 <br />36,500 <br /> <br />Costs of Issuance <br />Subtotal <br />Discount <br />TOTAL <br /> <br />10,000 <br />$2,068,500 <br />31,500 <br />$2,100,000 <br /> <br />(b) it is necessary and expedient to the sound financial management <br />of the affairs of the City to issue $2,100,000 General Obligation Improvement <br />Bonds, Series 22 (Bonds) pursuant to the Act to provide financing for the <br />Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell <br />Bonds in the amount of $2,068,500. 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 $31,500. The excess of the purchase price of the Bonds over the sum of <br />$2,068,500 will be credited to the debt service fund for the Bonds for the purpose <br />of payine: interest first co mine: due on the additional Bonds. The Bonds will be <br />issüed, sold and delivered in -accordance with the terms of the following Official <br />Terms of Offering: <br /> <br />DJK100852 <br /> <br />RS2CQ,..15 <br />