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Rehabilitation Loan Program <br />Community Services <br />Education <br />Parks and Recreation <br />Public Safety <br />Urban Transportation <br />Drainage, Curbs, Gutters and <br /> Street Improvements <br />Urban Renewal and Priority Action <br /> Program <br />Industrial and Economic <br /> Development <br /> <br />1,495,000 <br />1,511,758 <br />6,775,057 <br />597,083 <br />388,412 <br />4,298,450 <br /> <br />1,430,000 <br /> <br />3,554,240 <br /> <br />100,000 <br /> <br />Total <br /> <br />$ 20,150,000 <br /> <br />provided that if any such project shall require less <br />than the entire amount set forth above opposite such <br />project, the difference may be applied to any other such <br />project. <br /> <br /> 5. The City shall make no use of the proceeds of <br />the sale of the Bonds which would cause the Bonds to be <br />"industrial development bonds" or "arbitrage bonds" <br />under Section 103 of the U.S. Internal Revenue Code of <br />1954, as amended, and the City shall comply with the <br />applicable regulations of the Internal Revenue Service <br />adopted under such Section 103 so long as any Bond is <br />outstanding. <br /> <br /> 6. The Bonds shall be sold in conjunction with <br />the sale of the $9,850,000 Public utility Bonds of the <br />City authorized by this Council at the meeting at which <br />this resolution is adopted. The not.ice of sale of the <br />Bonds referred to in paragraph 10 and the legal notice <br />referred to in paragraph 11 shall each contain <br />provisions suitably ~ecognizing and providing with <br />respect to the foregoing. <br /> <br /> 7. The Bonds shall be executed, for and on behalf <br />of the City, by the facsimile signatures of the Mayor <br />and the Director of Finance of the City, and a facsimile <br />of the corporate seal of the City shall be imprinted on <br />the Bonds and attested by the facsimile signature of the <br />City Clerk of the City. <br /> <br /> The Director of Finance shall direct the Registrar <br />for the Bonds to authenticate such Bonds and no such <br />Bond shall be valid or obligatory for any purpose unless <br />and until the certificate of authentication endorsed on <br />each Bond shall have been manually executed by an <br />authorized signator of the Registrar. Upon the <br />authentication of any Bonds the Registrar shall insert <br />in the certificate of authentication the date as of <br /> <br />-5- <br /> <br /> <br />