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<br />execute and deliver the Financing Agreement and the Funding Agreement and such other <br /> <br />agreements and documents required by VRA providing for the sale and delivery of the Bonds. <br /> <br />The Bonds shall be issued in fully registered form, shall be dated such date as the City <br /> <br /> <br />Representative may approve, and shall be in denominations of $5,000 and integral multiples <br /> <br /> <br />thereof. The Bonds shall be numbered from R-l (or such other designation as the City <br /> <br /> <br />Representative may approve) upwards consecutively. The Bonds shall be issued in one or more <br /> <br />series in such aggregate principal amounts, and may be combined with other authorized general <br /> <br />obligation bonds or notes of the City, and shall mature or be subject to mandatory sinking fund <br /> <br />redemption on such dates and in such amounts as the City Representative may approve, provided <br /> <br /> <br />that (i) the aggregate principal amount ofthe Bonds shall not exceed $5,000,000 and (ii) the final <br /> <br /> <br />maturity of the Bonds shall not be later than December 31, 2042. The Bonds shall be sold to <br /> <br /> <br />VRA, as Administrator of the DWSRF, provided that (i) the true interest cost of the Bonds shall <br /> <br /> <br />not exceed zero percent (0%) per annum, and (ii) the purchase price of any series of the Bonds <br /> <br /> <br />shall not be less than 100 percent (100%) of the par amount of such series of the Bonds, not <br /> <br /> <br />taking into account any original issue discount. <br /> <br />The City Representative is authorized and directed to approve such optional or mandatory <br /> <br />redemption provisions for the Bonds as such officer or officers may determine to be in the best <br /> <br />interest of the City. <br />The approval of the final terms and conditions of the Bonds subject to the foregoing <br /> <br />parameters shall be evidenced conclusively by the execution and delivery of the Bonds in <br /> <br />accordance with paragraph 7 of this Ordinance. <br /> <br />5. Form of Bonds. The Bonds shall be in substantially the form presented at this <br /> <br />meeting, with such appropriate variations, omissions, and insertions as are permitted or required <br />