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7. The proceeds of sale of the Bonds shall be applied <br />to the payment of the costs of the following public improvement <br />projects in substantially the respective amounts: <br /> <br />Pro~ects Amount <br /> <br />Drainage, Curbs, Gutters and <br /> Street Improvements <br />Education <br />Priority Action Program <br />Industrial and Economic Development <br />Parks and Recreation <br />Public Safety <br />Municipal Facilities and Community <br /> Services <br /> Total <br /> <br />$ 2,236 985 <br /> 12,817 000 <br /> 2,609 045 <br /> 876 077 <br /> 3,165 800 <br /> 305 435 <br /> <br />12,989,658 <br />$35,000,000 <br /> <br />If any project set forth above shall require less than the entire <br />respective amount so set forth above, the difference may be <br />applied to any of the other projects so set forth. <br /> <br /> 8. The Bonds shall be 'sold in one or more series in <br />accordance with the provisions of paragraph 1 at public or <br />private sale, as determined by the City Manager, at such price <br />and on such other terms and conditions as are determined by the <br />City Manager. The sale and the definitive details of the Bonds <br />shall be approved, ratified and confirmed by resolution of this <br />Council. If the Bonds of any series are to be sold at public <br />sale, the City Manager of the City is authorized to cause to be <br />published and distributed a notice of sale of such series of the <br />Bonds, or, in lieu of publishing the full text of such notice of <br />sale, to publish a summary thereof, such publication to be made <br />in The Bond Buyer, a financial newspape~ published in the City of <br />New York, New York, with the da~e~o£ th~ first publication to be <br />at least seven (7) days prior to the date of sale of such series <br />of the Bonds, and the City Manager is further authorized to cause <br />to be prepared and distributed a preliminary and a final Official <br />Statement relating to each series of the Bonds. <br /> <br /> 9. The Bonds, the certificate of authentication of <br />the registrar, and the assignment endorsed on the Bonds, shall be <br />in substantially the following forms set forth below with such <br />changes in format as may be appropriate to conform with cus=oms <br />and practices applicable to comparable securlities: <br /> <br /> <br />