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.. ~ <br />l <br />to the Plan adopted by the City, tax increments derived from <br />the tax increment financing district established pursuant to <br />the Plan, have been pledged to the payment of the Bonds and <br />interest thereon. The estimated collection of the tax <br />increments exceeds 20$ of the cost of the Project. <br />- 4. The bonds shall mature in the years and shall <br />bear interest payable March 1, 1984 and semiannually thereafter <br />on September 1 and March 1 of each year at the respective rates <br />per annum set opposite the maturity years: <br />Maturity Years <br />1985 <br />1986 <br />1987 <br />1988 <br />1989 <br />1990 <br />1991 <br />1992 <br />• <br />Interest Rates <br />6.25 <br />6.50 <br />6.700 <br />6.900 <br />7.100 <br />7.40a <br />7.608 <br />7.800 <br />5. Norwest Bank of Minneapolis, N.A. , in <br />Minneapolis Minnesota is appointed Bond Registrar and <br />paying agent. Principal and interest on the bonds shall be <br />paid to the registered holders (or record holder). of the bonds <br />in the manner set forth in the form of bond and paragraph 11 of <br />this resolution. <br />6. The bonds to be issued hereunder shall be in <br />substantially the following form: <br />• <br />