CC RES 96-042 RESOLUTION RELATING TO $1,720,000 GENERAL OBLIGTION TAXABLE TAX INCREMENT BONDS, SERIES 1996A; AUTHORIZING THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, AND PROVIDING FOR THE EXECUION AND DELIVERY THEREOF AND THE SECURITY THE

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• It was reported that proposals were to be considered at the meeting for the sale by the City of its $1,720,000 General Obligation Taxable Tax Increment Bonds, Series 1996A. It was reported that four (4) proposals for the purchase of said Bonds had been received from the following institutions at or before the time stated in the Terms of Proposal for the sale of the Bonds approved by the City on May 14, 1996. The proposals were then publicly read and considered, and the terms of each proposal have been determined to be as follows: Net Interest Bid for Interest Cost-True Interest Name of Bidder Principal Rate Rate SEE ATTACHED •