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Rate of Interest : 8 . 50% per annum <br /> Repayment Source: Proceeds of permanent <br /> financing to be accomplished <br /> by the issuance and sale of <br /> tax-exempt local improvement <br /> district bonds or other <br /> tax-exempt obligations of the <br /> City. <br /> Section 3 . All actions heretofore taken by City <br /> officials in furtherance of the purposes of this <br /> resolution are ratified and confirmed. <br /> \, 4,4.f <br /> Council Member Introducing <br /> Resolution <br /> PASSED AND APPROVED this 2nd day of August, 1989 . <br /> Oft/f11-11 <br /> Counci /44: <br /> l Preside t <br /> 1068e <br /> - 3 - <br />