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<br />VI-3 <br /> <br />MEMO <br /> <br />TO: <br />FROM: <br />RE: <br /> <br />Honorable Mayor and City Council members <br />Charlene A. Stark, Finance Director <br />Resolutions and Recommendations for the Issuance of $2,425,000 <br />General Obligation Improvement Bonds, 2007B and $360,000 Certificate <br />of Equipment Bonds, 2007C <br /> <br />DATE: <br /> <br />September 24, 2007 <br /> <br />...ii <br /> <br />~1I1l <br /> <br />-~ <br /> <br />Attached (included in your packet) you will find the Recommendations for the issuance <br />of $2,425,000 GO Improvement Bonds, Series 2007B and Certificate of Equipment <br />Bonds, 2007C as prepared by the City's financial advisors, Springsted, Inc. <br /> <br />The improvement bonds will finance the 2007 road construction projects and the <br />equipment bonds will finance the equipment that was authorized in the 2007 budget. <br /> <br />Attached for Council approval are the Recommendations providing for the sale of these <br />bonds, as prepared by the City's financial advisors, Brenda Krueger of Springsted Inc. <br />and Resolutions for the set sale date by the City's bond council, Mary Dryseth of Briggs <br />and Morgan. <br /> <br />If you should have any questions, please feel free to contact me. <br /> <br />Recommended Council Action <br />Approve the attached Resolutions providing for the sale of $2,425,000 GO Improvement <br />Bonds, Series 2007B and $360,000 Certificate of Equipment Bonds 2007C and set the <br />sale date of November 5111. <br />