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ATTACHED: requirements, given the current interest environment. <br /> RISKS/SPECIAL The outcome of this financing will rely on the market conditions at the time of the sale. Any <br /> CONSIDERATIONS: projections included herein are estimates based on current market conditions. <br /> SALE TERMS AND Variability of Issue Size: A specific provision in the sale terms permits modifications to the <br /> MARKETING: issue size and/or maturity structure to customize the issue once the price and interest rates <br /> are set on the day of sale. <br /> Prepayment Provisions: Bonds maturing on or after February 1, 2023 may be prepaid at a <br /> price of par plus accrued interest on or after February 1, 2022. <br /> Bank Qualification: The City does not expect to issue more than $10 million in tax-exempt <br /> obligations that count against the $10 million limit for this calendar year; therefore, the <br /> Bonds are designated as bank qualified. The City did issue tax exempt current refunding <br /> bonds for the electric utility earlier this calendar year. However, the City's bond counsel <br /> has determined that because it was a current refunding and the principal amount of the <br /> refunding issue was less than the principal amount of the refunded bonds, the refunding <br /> issue did not count against the City's$10 million limit for 2014. <br /> 5pringsted Page <br />