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Central Fire Station, in accordance with Proposition No. 3 of the November 8, 2005 Bond Election,
<br />including acquisition of land, (ii) constructing and improving streets and related pedestrian facilities,
<br />in accordance with Proposition No. 4 of the November 8, 2005 Bond Election, including Sessom
<br />Drive reconstruction and Thorpe & Hopkins street improvements, (iii) constructing and improving
<br />streets and related pedestrian facilities, in accordance with Proposition No. 5 of the November 8,
<br />2005 Bond Election, including Victory Gardens street improvements, (iv) constructing and improving
<br />pedestrian and bicycle ways and facilities, in accordance with Proposition No. 6 of the November 8,
<br />2005 Bond Election, including sidewalks, pedestrian crossways and trails, (v) purchasing and
<br />improving greenspace land, in accordance with Proposition No. 1 of the November 8, 2005 Bond
<br />Election, including acquiring the Spring Lake Preserve and (vi) for the purpose of paying the costs
<br />of issuing the Bonds.
<br />Section 3.02. Date, Denomination, Maturities, Numbers and Interest.
<br />(a) The Bonds shall have the Original Issue Date of March 1, 2008, shall be in fully
<br />registered form, without coupons, in the denomination of $5,000 or any integral multiple thereof, and
<br />shall be numbered separately from one upward, excepting the initial Bond, which shall be numbered
<br />R-1, as hereinafter provided, or such other designation acceptable to the City and the Paying
<br />Agent/Registrar.
<br />(b) The Bonds shall mature on August 15 in the years and in the principal amounts and
<br />interest rates set forth below, interest on each Bond accruing on the basis of a 3 60-day year of twelve
<br />30-day months from the Original Issue Date or the most recent Interest Payment Date to which
<br />interest has been paid or provided for at the per annum rates of interest, payable semiannually on
<br />February 15 and August 15 of each year until the principal amount shall have been paid or provision
<br />for such payment shall have been made, commencing February 15, 2009, as follows:
<br />
<br />Year Principal
<br />Amount Interest
<br />Rate
<br />Year Principal
<br />Amount Interest
<br />Rate
<br />2009 $900,000 3.500% 2019 $210,000 4.400%
<br />2010 155,000 3.500% 2020 220,000 4.625%
<br />2011 155,000 3.500% 2021 230,000 4.750%
<br />2012 160,000 3.625% 2022 240,000 4.800%
<br />2013 170,000 3.750% 2023 255,000 4.875%
<br />2014 175,000 3.875% 2024 265,000 5.000%
<br />2015 180,000 4.000% 2025 280,000 5.000%
<br />2016 190,000 4.000% 2026 295,000 5.000%
<br />2017 195,000 4.000% 2027 310,000 5.000%
<br />2018 205,000 4.250% '
<br />San Marcos GO 2008: Ordinance 6
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