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Public Improvements: <br /> <br />Housing Development Project undertaken <br />jointly with Anoka County Housing and <br />Redevelopment Authority, including <br />Costs of Issuance and Discount <br /> <br />Redevelopment Cost <br /> <br />$1,195,000 <br /> <br />(e) <br /> <br />it is necessary and expedient to the sound financial management of the <br />affairs of the City to issue $1,195,000 General Obligation Tax Increment <br />Bonds, Series 1999A (Bonds) to provid..e financing for the Costs. <br /> <br /> 2. In order to provide financing for the Costs, the City will therefore issue and sell <br />Bonds in the amount of $1,180,000. In ,order to provide in pan the additional interest required to <br />market the Bonds at this time, additi ,:,r :,.,. Bonds will be issued in the amount of $15,000. The <br />excess of the purchase price of the B on~3 over the sum of $ I, 180,000 wilt be credited to the <br />service fund for the Bonds for the purpo::..', of p~.ying interest first coming due on the additional <br />Bonds. The Bonds will be issued, :.,':.ld ,~;:.d delL'ered in accordancz vith the terms of the <br />following Terms of Propos:-d: <br /> <br />S,FB-154321 <br />P,.A125-54 <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> i <br /> I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />