Specifications include, but are not limited to: Use of Bond Proceeds - Proceeds of the Bond will be used to finance a new fire station and to pay the cost of issuance of the bonds. Maturity Date - December 1, 2050 or earlier. Prepayment - The City prefers to have the Bond pre-payable at any time without a prepayment penalty and without an impact on the quoted interest rate. Other redemption options will be considered. Rating - The Bond will be nonrated. The City’s current bond rating by Moody’s is Aa3. Insurance - No. Tax Status - Interest on the Bond will be excludable from gross income and will not be an item of tax preference for federal income tax purposes. ; Form - Fully-registered, single bond. The Bond will be physically registered in the name of and delivered to the successful proposer to this request for proposal (the “City”). No CUSIP number will be assigned to the Bond.