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BOND PURCHASE AGREEMENT <br /> City of Batesville, Arkansas June 28, 2011 <br /> Attention: Mayor <br /> Ladies and Gentlemen: <br /> Certain terms used in this Bond Purchase Agreement are defined as follows: <br /> Issuer: City of Batesville, Arkansas <br /> Principal Amount: $20,000,000 <br /> Interest Rate: 1.50% <br /> Financing Fee: 1% per annum of the outstanding principal amount of the Bond (see Exhibit <br /> A) <br /> Bond: City of Batesville, Arkansas Sales and Use Tax Bond, Series 2011 <br /> Bond Counsel: Friday, Eldredge & Clark, LLP <br /> Bond Ordinance: Ordinance No. 2009-12-1 of the Issuer, adopted December 22, 2009 and <br /> Ordinance No11-0�b'?Ahe Issuer, adopted June 28, 2011, under which the <br /> Bond is to be issued and secured. <br /> Tax Ordinance: Ordinance No. 2009-1-1 of the Issuer, adopted January 13, 2009 levying the <br /> Tax. <br /> Tax: The sales and use tax levied by the Issuer at the rate of 1% for the payment <br /> of the Bond. <br /> Issuer's Notice City of Batesville, Arkansas <br /> Address: 500 E. Main Street <br /> Batesville, Arkansas 72501 <br /> Attn: Mayor <br /> Closing: 10:00 a.m., prevailing local time, on August 9, 2011, or at such other time or <br /> on such earlier or later date as is mutually agreed upon, at the offices of <br /> Bond Counsel in Little Rock, Arkansas. <br /> Authorizing Title 14, Chapter 164, Subchapter 3 of the Arkansas Code of 1987 <br /> Legislation: Annotated <br /> Disbursement April 15, 2014 <br /> Cut-Off Date: <br />