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Year of <br />Maturity <br />Interest <br />Rate <br />Year of <br />Maturity <br />Interest <br />Rate <br />2023 <br />5.00% <br />2033 <br />1.10% <br />2024 <br />5.00 <br />2034 <br />1.20 <br />2025 <br />5.00 <br />2035 <br />1.30 <br />2026 <br />5.00 <br />2036 <br />1.40 <br />2027 <br />5.00 <br />2037 <br />1.50 <br />2028 <br />4.00 <br />2038 <br />1.55 <br />2029 <br />4.00 <br />2039 <br />1.60 <br />2030 <br />4.00 <br />2040 <br />1.65 <br />2031 <br />2.00 <br />2041 <br />1.70 <br />2032 <br />1.00 <br />2042 <br />1.80 <br />1.03. Purchase Contract. Any amount paid by the Purchaser over the minimum purchase <br />price shall be credited to the Debt Service Fund hereinafter created, or deposited in the Construction <br />Fund hereinafter created, as determined by the City Finance Director upon consultation with the <br />City's municipal advisor. The Mayor and City Clerk are authorized to execute a contract with the <br />Purchaser on behalf of the City, if requested by the Purchaser. <br />1.04. Terms and Principal Amounts of the Bonds. The City will forthwith issue and sell <br />the Bonds pursuant to the Act in the total principal amount of $9,435,000, originally dated as of <br />the date of delivery, in fully registered form and issued, in denominations of $5,000 each or any <br />integral multiple thereof, numbered No. R-1 and upward, bearing interest as above set forth, and <br />maturing on February 1 in the years and amounts as follows: <br />Year <br />Amount <br />Year <br />Amount <br />2023 <br />$335,000 <br />2033 <br />$495,000 <br />2024 <br />355,000 <br />2034 <br />500,000 <br />2025 <br />375,000 <br />2035 <br />505,000 <br />2026 <br />390,000 <br />2036 <br />515,000 <br />2027 <br />405,000 <br />2037 <br />520,000 <br />2028 <br />425,000 <br />2038 <br />530,000 <br />2029 <br />445,000 <br />2039 <br />540,000 <br />2030 <br />460,000 <br />2040 <br />545,000 <br />2031 <br />480,000 <br />2041 <br />555,000 <br />2032 <br />495,000 <br />2042 <br />565,000 <br />As may be requested by the Purchaser, one or more term Bonds may be issued having <br />mandatory sinking fund redemption and final maturity amounts conforming to the foregoing <br />principal repayment schedule, and corresponding additions may be made to the provisions of the <br />applicable Bond(s). <br />1.05. Optional Redemption. The City may elect on February 1, 2030, and on any day <br />thereafter, to prepay Bonds maturing on or after February 1, 2031. Redemption may be in whole <br />or in part and if in part, at the option of the City and in such manner as the City will determine. If <br />EL 185-64-684074.v2 3 <br />