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<br />Water Revenue Bonds <br />Agenda Item 7-C <br /> <br />. How will the bonds be sold? <br /> <br />- Competitive sale via an I nternet- <br />based auction system on Feb. 15 <br />- Bonds will be sold to the bidder who <br />offers the lowest "true interest cost" <br />- The sale will close on March 1 <br /> <br />9 <br />