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Potential Schedule of Events for CIP Bond Financing: <br />Public Hearing: <br />Identify preliminary financing and repayment structure <br />- Up to $16MM bond issue with a 25 to 30-year repayment <br />Complete Submit public hearing notice for publication at least 14, but no more than 28, <br />days prior to the public hearing <br />Complete Publication of CIP Bond Public Hearing Notice <br />Complete Draft 5-year Capital Improvement Bond Plan document submitted to staff for <br />review and update <br />November 8 CIP Bond Public Hearing; <br />City Council consideration of resolution adopting a Supplemental 5-year <br />Capital Improvements Bond Plan <br />December 8 30-day “reverse referendum” petition period expires <br />Bond Issuance: <br />In progress General Certificate submitted to staff requesting information for bond <br />document production <br />November 8 Council gives preliminary authorization setting a bond sale date <br />Week of Nov. 29 Rating call with Moody’s Investor Service to discuss the CIP Bonds and <br />update the City’s credit rating <br />By December 1 Ehlers conducts Due Diligence call with staff to review Bond Preliminary <br />Official Statement <br />December 2 Bonds offering documents distributed to marketplace <br />December 13 Bond sale - financing bids presented to Council for formal award <br />December 30 Bonds closing; funds wired to project construction fund for project cashflow <br />investment