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IX <br />zaid adjertisementy to wits At <br />In the ity of T <br />7. r, <br />-- -0 <br />Me p s I posals are are <br />Name oflBidder <br />Interest Principal <br />Rate <br />-Amount Premium <br />'Al <br />and <br />WHEREAS, the interest cost at which the Local Public Agency.can,sell the <br />New Preliminary Loan Notes is substantially lower than the interest rate which <br />the Goverment is required to charge the L'acal Public Agency under the terms of <br />the Loan and Grant Contract, and the Government is desirous of cooperating with <br />the LocU Public Agency in its endeavor to sell said New Preliminary Loan Notes <br />in order to reduce carryi4,&charges and other costs of the Project: <br />IM, MSOLVEM 13Y <br />6. s+,...: _2 <br />AS FOLLOWS: <br />Section 1. The aforesaid publication.of the Notice of Sale and the form <br />and con Te_nT_s'fhereof as so published are hereby, In all respects, approved., <br />ratified and confirmed. <br />Sec. ion 2. In order to provide funds to defray expenses incurred or to be <br />incurre&­].ne Local Public,Agency's undertaking and carrying out of the <br />Projecto or to retire., refund, renew., or extend its outstanding notes issued in <br />connection therewith, the Local-Public Agency hereby determines to borrow the <br />sum of 0 ------- <br />Dollars ($ and issue -its <br />negoti-a-Re New Pre lUR—nary 'Loan Notes Tffete'-for in aggregate principal amount <br />equal to said sum. <br />I - 2 - <br />