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!■- <br />REQUEST FOR COUNCIL ACTION <br />»MCf|. MEETING <br />AUG 2 8 2000 <br />Cl IV l-'^OHO/VO <br />DATE: August 24, 2000 <br />ITEM NO: <br />Department Approval: <br />Name Ron Moorse <br />Title City Administrator <br />Administrator Reviewed:Agenda Section: <br />City Administrator's <br />Report <br />Item Description: Award Sale of General Obligation Improvement Bonds, Series 2000 - Resolution <br />At its August 14, 2000 meeting, the City Council called for the sale of General Obligation <br />Improvement Bonds to fund sanitary sewer projects for three neighborhoods, which include Webber <br />Hills, Fox Ridge and East Long Lake. Ehlers & Associates, the City’s bond consultant, has <br />coordinated a competitive bid process for the sale of the bonds. The results of the sale will be <br />presented to the Council by Carolyn Drude, of Ehlers & Associates. The Council will then consider <br />the award of the sale of the bonds. <br />COUNCIL ACTION REQUESTED: <br />Motion to adopt a resolution awarding the sale of General Obligation Improvement Bonds, <br />Series 2000, in the amount of $925,000. <br />-----