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M-8 - Finance Plan Tiffin GO 2022A

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A premium price produces additional funds that can be used in several ways:  The premium means that the City needs less bond proceeds and can reduce the size of the issue by the amount of the premium.  The premium can be deposited in the Debt Service Fund and used to pay principal and interest. Northland will work with City staff prior to the day of pricing to determine use of premium (if any). Rating The Bonds will be non-rated. Northland Securities, Inc. Page 10

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