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EXHIBIT A <br />PARAMETERS FOR SALE TERMS <br />(a) Principal Amount, The Bonds may be issued in one or more Series and shall <br />not exceed the aggregate principal amount of $28,000,000. <br />(b) Date or Dates. Each Bond shall be dated its Issue Date, which date may <br />not be later than one year after the effective date of this <br />ordinance. <br />(c) Denominations, Name, etc. The Bonds shall be issued in Authorized Denominations <br />and shall be numbered separately in the manner and <br />bearing such name (including any series or additional <br />designation) as deemed necessary or appropriate by the <br />Designated Representative. <br />(d) Interest Rate(s). Each Bond shall bear interest at a fixed rate per annum <br />(computed on the basis of a 360-day year of twelve 30-day <br />months) from the Issue Date or from the most recent date <br />for which interest has been paid or duly provided for, <br />whichever is later. One or more rates of interest may be <br />fixed for the Bonds. The true interest cost to the City for <br />each Series of the Bonds may not exceed 5.25%. <br />(e) Payment Dates. Interest shall be payable semiannually on dates acceptable <br />to the Designated Representative. Principal payments shall <br />commence on a date acceptable to the Designated <br />Representative and shall be payable at maturity (or in <br />mandatory redemption installments) on dates acceptable to <br />the Designated Representative. <br />(f) Final Maturity. The Bonds shall mature no later than December 1, 2045. <br />(g) Redemption. Rights. The Designated Representative may approve in the Bond <br />Purchase Agreement for each Series provisions for the <br />optional and mandatory redemption of the Bonds of such <br />Series, subject to the following: <br />(1) Optional Redemption. Any Bond may be designated <br />as being (A) subject to redemption at the option of <br />the City prior to its maturity date on the dates and at <br />the prices set forth in the Bond Purchase Agreement; <br />or (B) not subject to redemption prior to its maturity <br />date. If a Tax -Exempt Bond is subject to optional <br />redemption prior to its maturity, it must be subject to <br />such redemption on one or more dates occurring not <br />more than 101/2 years after the Issue Date. <br />NG-U9Z QVMF2/4929- 1516-5708v5/200676-0007 <br />