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The applicable parity conditions set forth in Ordinance Nos. 1963-93, 2208-97 and <br /> 2607-02 having been complied with, the Bonds shall be issued on a parity of lien with the <br /> Outstanding Parity Bonds. <br /> The City hereby further covenants and agrees that the Bonds will not be issued and <br /> delivered to the purchasers thereof as bonds on a parity with the Outstanding Parity Bonds until <br /> the certificate required herein, in form and contents satisfactory to the City and its counsel, has <br /> been filed with the City. <br /> Section 3. Authorization of Projects; Authorization of Bonds and Bond Details. <br /> (a) Authorization of Projects. The Improvement Bonds are being issued to <br /> provide funds to pay the costs of the projects listed below. The Council hereby finds that the <br /> public interest, welfare and convenience requires that the City make the following additions, <br /> betterments and extensions of the System: <br /> -14- P:\CMW\CMW5NP 04/22/03 <br />