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$3,410,000 of the Bonds (the "Assessable Improvement Bonds") maturing in the amounts
<br />and on the dates set forth below are being issued to finance the cost of the Assessable
<br />Improvements:
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />2025
<br />$270,000
<br />2030
<br />$345,000
<br />2026
<br />285,000
<br />2031
<br />365,000
<br />2027
<br />300,000
<br />2032
<br />380,000
<br />2028
<br />315,000
<br />2033
<br />400,000
<br />2029
<br />330,000
<br />2034
<br />420,000
<br />$1,505,000 of the Bonds (the "Sewer Improvement Bonds") maturing in the amounts and
<br />on the dates set forth below are being issued to finance the cost of the Sewer Improvements:
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />2024
<br />$95,000
<br />2032
<br />$100,000
<br />2025
<br />75,000
<br />2033
<br />110,000
<br />2026
<br />75,000
<br />2034
<br />110,000
<br />2027
<br />80,000
<br />2035
<br />115,000
<br />2028
<br />85,000
<br />2036
<br />120,000
<br />2029
<br />90,000
<br />2037
<br />125,000
<br />2030
<br />95,000
<br />2038
<br />130,000
<br />2031
<br />100,000
<br />$495,000 of the Bonds (the "Water Improvement Bonds") maturing in the amounts and on
<br />the dates set forth below are being issued to finance the cost of the Water Improvements:
<br />Year
<br />Amount
<br />Year
<br />Amount
<br />2024
<br />$30,000
<br />2032
<br />$35,000
<br />2025
<br />25,000
<br />2033
<br />35,000
<br />2026
<br />25,000
<br />2034
<br />35,000
<br />2027
<br />25,000
<br />2035
<br />40,000
<br />2028
<br />30,000
<br />2036
<br />40,000
<br />2029
<br />30,000
<br />2037
<br />40,000
<br />2030
<br />30,000
<br />2038
<br />45,000
<br />2031
<br />30,000
<br />2.05. Optional Redemption. The City may elect on February 1, 2031, and on any day
<br />thereafter to prepay Bonds maturing on or after February 1, 2032. 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 />less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in
<br />Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by
<br />lot the amount of each participant's interest in such maturity to be redeemed and each participant
<br />LA515-123-868187.v3
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