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V11-2 <br /> MEMO <br /> To: Honorable Mayor and City council members <br /> From: Lori A. Webster,Finance Director <br /> Subject: Resolution to Award sale of$3,380,000 G.O. Improvement Bonds, Series 2000A <br /> Date: August 16, 2000 <br /> Attached(included in your packet)you will find the Resolution accepting offer on the sale of$3,380,000 <br /> General Obligation Improvement Bonds, Series 2000A as prepared by Briggs and Morgan,the City's Bond <br /> Counsel.Also included with the packet for City council members is a copy of the City's Official Statement <br /> as prepared by Springsted Inc. <br /> A representative from Springsted, Inc.will be presenting the bids received for the bonds with <br /> recommendations for approval of the sale. <br /> A telephone conference has been set up with a representative from Moodys to answer any remaining <br /> financial questions they have and then the bonds will be going to the rating committee on Thursday, <br /> August 17,2000. <br /> If you should have any questions,please feel free to contact me. <br /> Recommended Council Action <br /> Approve the attached City Resolution accepting on the sale of $3,380,000 G.O.Improvement Bonds <br /> 2000A. <br />