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Project Designation & Description <br /> <br />80-1 <br />80-2 <br />80-3 <br />8O-4 <br />80-6 <br />80-8 <br />80-9 <br />80-10 <br />80-11 <br />80-12 <br />80-14 <br /> <br />Total Project Cost <br /> <br />$ 136,300 O0 <br />29,215.00 <br />40,910.00 <br />31,430.00 <br />108,890.00 <br />34,135:00 <br />39,550 O0 <br />80,500.00 <br />114,000 O0 <br />102,750.00 <br />80,875.00 <br /> <br />TOTAL <br /> <br />$ 798,555.00 <br /> <br />(b) <br /> <br />That it is necessary and expedient to the sound financial <br />management of the affairs of the City to issue $875,000 <br />General Obligation Improvement Bonds of 1980, (the "Bonds") <br />to provide financing for the Improvements. <br /> <br /> 2. In order to provide financing for the Improvements, the City <br />shall therefore issue and sell Bonds in the amount of $860,000. In order <br />to provide in part the additional interest required to market the Bonds at <br />this time, additional Bonds shall be issued in the amount of $15,000. Any <br />excess of the purchase price of the Bonds over the sum of $860,000 shall be <br />credited to the debt service fund for the Bonds for the purpose of paying <br />interest first coming due on the Bonds. The Bonds shall be issued and sold <br />in accordance with the terms of the following Official Notice of Sale: <br /> <br /> <br />