21-09 Anticipation Notes $4,321,000 capital improvements

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(b) Term. The Bonds will mature serially over a period of 25 years in accordance with the following estimated principal payment schedule: Yeaz Principal Year Principal 1 $256,000 14 $210,000 2 257,000 15 210,000 3 257,000 16 210,000 4 257,000 17 112,000 5 258,000 18 102,000 6 259,000 19 102,000 7 260,000 20 102,000 8 261,000 21 8,000 9 263,000 22 8,000 10 263,000 23 8,000 11 214,000 24 8,000 12 214,000 25 8,000 13 214,000 (c) Debt Service. The Bonds will be payable as to Debt Service (1) as to the portion of the Bonds issued to pay costs of the Sidewallc Project, from special assessments levied to pay the costs of the Sidewalk Project, and (2) as to all Bonds, from (A) any money lawfully available and appropriated for that purpose and, (B) if that money is insufficient, from the proceeds of an ad valorem tax to be levied on all property within the City, subject to the 10-mill limitation imposed by Section 5705.02, Revised Code. Section 3. Note Terms. The Notes will have the following terms: (a) Amount. The Notes must be issued in the maximum principal amount of $4,321,000 or any lesser principal amount as determined by the Director of Finance in the Certificate of Award. (b) Date. The Notes must be dated the Closing Date, or any other date, not more than 31 days before the Closing Date, as determined by the Director of Finance in the Certificate of Awazd. (c) Maturity. The Notes must mature one yeaz from their date. The Director of Finance may, if she determines it to be in the best interests of the City, establish a different maturity date, less than one year from the Closing Date. (d) Interest. The Notes must beaz interest from their date at a rate not to exceed 9% per annum, payable at maturity. Interest will be calculated on the basis of a 360- day year consisting of twelve, 30-day months. The rate of interest on the Notes must be determined by the Director of Finance in the Certificate of Award. 2