22-05 Issuance/Sale of Bonds Various Purposes $11,530,000

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1) the aggregate principal amount, provided that such amount shall not exceed the aggregate principal amount 0[$11,530,000; 2) the principal amounts attributed to each of the purposes for which the Bonds are being issued; provided, that none of those principal amounts shall exceed the corresponding maximum principal amounts established for each of such purposes in Section I of this Ordinance; 3) th,e interest rates on the Bonds, provided that the weighted average of such rates shall not exceed 7%, calculated by dividing the total interest payments for the ì"ssue (reduced by any premium or accrued interest paid as part of the price for the issue paid to the Original Purchaser by subsequent purchasers of the Bonds (the "reoffering price"), and increased by any discount included iu the reoffering price), by the product of the reoffering price and the weighted average maturity of the Bonds. For purposes of this subparagraph 3), the weighted average maturity is the sum of the products of the reoffering price of each maturity and the number of years to maturity (determined separately for each maturity and by taking into account mandatory redemptions) divided by the'reoffering price of the entire issue; 4) the Purchase Price, provided that the amount thereof (excludiug any portion thereof representing accrued interest on the Bonds from their date to the date of their delivery) shall be not less than ninety-seven percent (97%) of the aggregate principal amount of the Bonds; 5) the date of the Bonds, provided that the Bonds shall be dated no later than December 1,2005; 6) the Interest Payment Dates, provided that the Interest Payment Dates shall occur semiannually, and provided further that the first Interest Payment Date shan occur no later than December I, 2006; 7) the Principal Retirement Date~, the Tenn Maturity Dates, and the Mandatory Redemption Dates, provided that the first Principal Retirement Date shall be no later than December I, 2006; 8) the Principal Retirement Schedule (including the Mandatory Sinking Fund Redemption Requirements), consistent with the aggregated separate periodic maturities and principal payments determined in accordance with the maximum maturities certified to this Council by the Fiscal Officer for each of the purposes specified in Section 1 of this Ordinance and the requirements of Section 13321 ofthe Ohio Revised Code; 9) the Earliest Optional Redemption Date, provided that such date shall occur no later than ten years from the first Principal Retirement Date of the Bonds; and 10) the Optional Redemption Prices, provided that no such Optional Redemption Price shall exceed 103% of the priucipal amount of the Bonds to be redeemed. SECTION 7. A preliminary official statement of the City relatiug to the original issuance of the Bonds is hereby authorized to be distributed. The Mayor and Fiscal Officer, or anyone of them, are authorized and directed to complete and sign, on behalf of the City and iu their official capacities, all official statement, with such modifications, changes and supplements from the preliminary official statement as those officers or anyone of them shall approve or authorize, Those officers are authorized, on behalf of the City and in their official capacities, to (i) determine, and to certify or otherwise represent, when the official statement is "deemed final" (except for pennitted omissions) by the City as of its date or is a final official statement for purposes of SECRrile 15c2-12(b)(I), (3) and (4), (ii) use and dis1ribute, or authorize the use and distribution of, those official statements and any supplements thereto in cOlmection with the original issuance of the Bonds, and (iii) complete and sign those official statements as so approved, together with such certificates, statements or other documents in connection with the finality, accuracy and completeness of those official statements SECTION 8. The Fiscal Officer shall appoiut a bank or trust company to act as the authenticating agent, bond registrar, transfer agent and paying agent for the Bonds The {CT0l26;1} 7..