HomeMy WebLinkAbout20091019 - VIII-C-2
MEMO
TO: Honorable Mayor and City Council Members
FROM: Charlene A. Stark, Finance Director
RE: Bond Rating Services
DATE: October 14, 2009
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Previous to this Council meeting of October 19 the City Council’s Finance committee
which is chaired by Danna Elling Schultz is meeting to discuss bond rating service
providers. Paul Steinman from Springsted Incorporated will be available to discuss the
two rating service providers and to help answer questions the Finance Committee has
on deciding weather to change from Moody’s Investor Services to S & P. I will provide
the Finance Committee’s recommendation to the full council on Monday night at the
council meeting.
Recommended Council Action
Authorize the City to engage in bond rating service with one of the two providers for the
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upcoming bond issues on November 16.