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are authorized to execute a contract with the Purchaser on behalf of the City, if requested by the
<br />Purchaser.
<br />2.04. Terms and Principal Amounts of the Bonds. The City will forthwith issue and sell
<br />the Bonds pursuant to the CIP Act and the Equipment Act (collectively, the "Act"), in the total
<br />principal amount of $5,225,000, originally dated as of the date of delivery, in fully registered form
<br />and issued, in denominations of $5,000 each or any integral multiple thereof, numbered No. R-1
<br />and upward, bearing interest as above set forth, and maturing on February 1 in the years and
<br />amounts as follows:
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />2023
<br />$310,000
<br />2033
<br />$200,000
<br />2024
<br />315,000
<br />2034
<br />200,000
<br />2025
<br />315,000
<br />2035
<br />205,000
<br />2026
<br />315,000
<br />2036
<br />210,000
<br />2027
<br />315,000
<br />2037
<br />210,000
<br />2028
<br />325,000
<br />2038
<br />215,000
<br />2029
<br />325,000
<br />2039
<br />220,000
<br />2030
<br />330,000
<br />2040
<br />225,000
<br />2031
<br />335,000
<br />2041
<br />230,000
<br />2032
<br />195,000
<br />2042
<br />230,000
<br />$3,985,000 of the Bonds (the "CIP Bonds") maturing in the amounts and on the dates set forth
<br />below are being issued to finance the cost of the CIP Improvements:
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />2023
<br />$175,000
<br />2033
<br />$200,000
<br />2024
<br />180,000
<br />2034
<br />200,000
<br />2025
<br />180,000
<br />2035
<br />205,000
<br />2026
<br />180,000
<br />3036
<br />210,000
<br />2027
<br />180,000
<br />2037
<br />210,000
<br />2028
<br />185,000
<br />2038
<br />215,000
<br />2029
<br />185,000
<br />2039
<br />220,000
<br />2030
<br />190,000
<br />2040
<br />225,000
<br />2031
<br />190,000
<br />2041
<br />230,000
<br />2032
<br />195,000
<br />2042
<br />230,000
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