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Principal components of the Project and their estimated <br />costs are summarized as follows: <br />Component <br />Amount <br />Contract #t3 <br />Contract #1 <br />Contract #2. <br />Contract M4 <br />Total Construction Casts <br />Engineering and Administration <br />Road <br />Contingencies <br />- - <br />Total <br />5 <br />The funds expected to be aval l.it:l- fc,r <br />F:,,n tt-rFF Rion of <br />the Project are summarized as follows: <br />Source <br />Amount <br />Note Proceeds <br />S <br />Investment Proceeds <br />Other County funds <br />AhMMi Total <br />$ <br />DESCRIPTION OF TFiti MOTHS <br />Terms <br />The Notes are dated, will mature and bear interest at <br />the rate set forth on the cover page hereto. The Notes will be <br />issued in fully registered form in denominations of $5,000 or - <br />integral multiples thereof. Interest on the Notes is payable <br />semiannually on June 1 and December 1, commencing June 1, 1988, <br />by check or draft of the Paying Agent, made out and mailed to the <br />registered owner, as shown on the registration books of the <br />County at the close of business on the fifteenth day next <br />preceding the applicable interest payment date, unless the County <br />is in default in payment of interest due on such date. In the <br />event of any such default, the defaulted interest shall be <br />payable to the registered owner as shown on the registration <br />books of the County at the close of business on a special record <br />date established by notice mailed to the registered owner not <br />less than fifteen days preceding such special record date. Such <br />notice shall be mailed to the registered owner as shown on the <br />registration books at the close of business on the fifth day <br />preceding the date of mailing. The principal of the Notes will <br />be payable upon presentation and surrender thereof at the <br />principal corporate trust office of the Paying Agent. <br />15 <br />