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provided that the aggregate principal mount of the Bonds shall not exceed the mount set forth <br />in paragraph 1 and the final maturity of the Bonds shall be ne later than December 1, 2028. The <br />City Manager and the Chief Financial Officer, or either of them, are authorized and directed to <br />execute and deliver one or more Bond Purchase Agreements providing for the sale of the Bonds <br />to an underwriter or group of underxvriters with demonstrated experience in underwriting <br />municipal securities, to be selected by the City Manager and the Chief Financial Officer, or <br />either of them, upon such terms as such officer deems most advantageous. The Bonds shall bear <br />interest, payable semi-annually, at such rate or rates and shall be sold to the underwriter at such <br />price or prices as may be set forth in the Bond Purchase Agreement(s) approved by such officer <br />or officers; provided that the tree interest cost of the Bonds shall not exceed 7.5% per annum and <br />the purchase price shall be not less than 97% of the par amount of the Bonds, not taking into <br />account any original issue discount or any bond insurance premium. The City Manager and the <br />Chief Financial Officer. or either of them. is authorized and directed to approve such optional or <br />mandatory redemption provisions for the Bonds as such officer or officers may determine to be <br />in the best interest of the City. <br /> <br /> 4. Form of Bonds. The Bonds shall be in substantially the form attached to this <br /> Resolutmn as Exhibit A. with such appropriate variations, omissions and insertions as are <br /> permitted or required by this Resolution. There may be endorsed on the Bonds such legend or <br /> text as may be necessary or appropriate to conform to any applicable rules and regulations of any <br /> governmental authority or any usage or requirement of law with respect thereto. <br /> <br /> 5 Book-Entry-Only Form. The Bonds shall be issued in book-entry-only form, The <br /> Bonds shall be issued in fully-registered form and registered in the name of Cede & Co., as <br /> nominee of The Depository Trust Company, New York. New York t"DTC") as registered owner <br /> <br /> <br />