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amount equal to the difference between $150,000 and the actual costs the City incurs to <br />issue the Bonds plus the difference between the amount which the City is required to pay <br />to prepay the Bonds at the earliest prepayment date and the sum of the amount of Bond <br />proceeds which the City receives and the amount of interest which the City actually receives <br />on the Bond proceeds prior to the prepayment date. <br />5. Effective Date. This Agreement shall be effective as of this _ day of <br />December, 1995. <br />307267.1 <br />City of Little Canada <br />By Mike Fahey <br />Its Mayor <br />and Joel Hanson <br />Its City Administrator <br />DEVELOPERS <br />Robert Grootwassink <br />Mark A. Hotzler <br />Page 34 <br />