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Project Designation & Description Total Project Cost <br /> <br />Contracts <br /> <br />Legal, Fiscal, Administrative <br /> and Contingency <br /> <br />Capitalized Interest <br /> <br />$ 78,000.00 <br /> <br />TOTAL <br /> <br />$815,000.00 <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 $815,000 <br />General Obligation Improvement Bonds of 1981, (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 $799,050. 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 $15,950. Any <br />excess of the purchase price of the Bonds over the ~um of $799,050 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 />