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INTAOE)UCTION <br />The $2,300,000 <br />pursuant G.0' Water and <br />to Minnesota Sewer Revenue Bonds <br />and sewer projects withStatuteso Chapter 475 and Section 44 this <br />offeri,r <br />g are <br />follows; n the City075 to finanCe issued <br />water <br />of Orono. Capitalization has been estimated as <br />Replacement of <br />With gravity <br />lift station Nos. 10 and 43 <br />lines and new capacity <br />Highway No. 12 projects: <br />Sewer part I: <br />New main extension <br />Sewer part II: <br />Trunk capacity improvement <br />Water part I: <br />Trunk extension <br />Water part II: <br />Well/puMp/structure <br />Water part III: <br />New water tower <br />S1r`'total <br />'i" fiscal, administrative <br />-vitalized interest <br />Funds needed <br />Discount allowance <br />Bond issue <br />$ 218,000 <br />170,000 <br />550,000 <br />95,200 <br />330,000 <br />-- 5, 154 <br />$1,898,350 <br />27,000 <br />--319�QQ� <br />$2,255,350 <br />- - - 44 L650 <br />The lift station Z <br />connection improvements will charges, and remaining be financed <br />connection char g improvements primarily with <br />prepaid will be a ges$ special assessments and are with <br />to receipts of <br />Cap1�,•lized interest biP over period of 5 or 10 system revenues' Any <br />be Paid from <br />a Y assessments not <br />has been included in years depending <br />all proj�`Lb, included tt,e finan "E'Oi' t}1e Project. <br />g Payback methods and holdingca�g tO allow time <br />The Bonds for bidding <br />general Y necessary final hearings, <br />taxing Powers are obligations of the City Pledged without limit Y for which its full faith, credit <br />as to rate or amount, and <br />5 <br />