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• <br />REQUE T OR COUNCIL ACTIO <br />Department Approval:Admini trator Reviewed: <br />Name Ron Moorse <br />Tl le City Administrator <br />�,, r v,-� trv,�vDA TE: August 9 2000 <br />ITEMNO: ,, <br />Age da Section: <br />City Administrator's <br />Report <br />Item Descriptio:n: Resolution Providing for the Sale ofG n raJ O 1·gation Improvement Bonds <br />The City has three sanitary sewer project that require fund·ng through a bond issue. These are the <br />t Long Lake, Fox Ridge, and Webber i ls projects which are to be completed in 2000. The <br />total amount of the bond issu is $925,000. It is recommended the Council adopt the attached <br />resolution which calls for the competitive sale of bonds on August 28 2000. Attached is a <br />breakdown from Carolyn Drude of Ehlers Associates, the City's bond consultan , setting out the <br />estimated capitalization schedule for the bond issue. <br />Motion to adopt the attach d resolut·on which c ls for the competitive sa . o~ bonds on Augu t 28 <br />2000.