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2024B Bonds are hereby authorized and ordered issued in the total principal amount of <br /> $25,985,000 for the purpose of financing all or a portion of costs of the Improvements, paying <br /> expenses incidental thereto and expenses of issuing and insuring the Series 2024B Bonds and <br /> partially funding a debt service reserve. <br /> The bonds shall bear interest at the rates and shall mature on February 1 in the <br /> amounts and in the years as follows: <br /> SERIES 2024A BONDS <br /> Year Principal <br /> (February 1) Amount Interest Rate <br /> 2025 $ 880,000 5.059% <br /> 2026 825,000 5.009 <br /> 2027 865,000 5.209 <br /> 2028 915,000 5.087 <br /> 2029 960,000 5.187 <br /> 2030 1,010,000 5.127 <br /> 2031 1,060,000 5.177 <br /> 2032 1,115,000 5.275 <br /> 2033 1,175,000 5.375 <br /> 2035 2,285,000 5.254 <br /> SERIES 2024B BONDS <br /> Year Principal <br /> (February 1) Amount Interest Rate <br /> 2039 $ 5,165,000 5.000% <br /> 2039 965,000 4.000 <br /> 2041 3,375,000 4.000 <br /> 2047 11,860,000 4.000 <br /> 2049 4,620,000 4.000 <br /> The bonds shall be issuable only as fully registered bonds without coupons in the <br /> denomination of$5,000 or any integral multiple thereof. Unless the City shall otherwise direct, <br /> the bonds shall be numbered from 1 upward in order of issuance. Each bond shall have a CUSIP <br /> number but the failure of a CUSIP number to appear on any bond shall not affect its validity. <br /> The bonds shall be registered initially in the name of Cede & Co., as nominee for <br /> The Depository Trust Company ("DTC"), which shall be considered to be the registered owner of <br /> the bonds for all purposes under this Ordinance,including,without limitation,payment by the City <br /> of principal of,redemption price,premium,if any, and interest on the bonds,and receipt of notices <br /> and exercise of rights of registered owners. There shall be one certificated, typewritten bond for <br /> each stated maturity date and interest rate of each series which shall be immobilized in the custody <br /> of or on behalf of DTC with the beneficial owners having no right to receive the bonds in the form <br /> of physical securities or certificates. DTC and its participants shall be responsible for maintenance <br /> of records of the ownership of beneficial interests in the bonds by book-entry on the system <br /> 3 <br />