Laserfiche WebLink
r <br />n <br />r ^ <br />% r <br />P <br />COUNCIL MEETING <br />REQUEST FOR COUNCIL ACTION <br />JUN 2 3 1997 <br />CITYOFOnONO <br />DATE: June 20, 1997 <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: <br />Bond Sale Award - Resolution <br />/ <br />The Council at its May 27 meeting adopted a resolution calling for a bond sale in the amount of <br />$1,760,000 to finance four public improvement projects. These included the North Long Lake/Long <br />Lake Country Club sewer project, the Bracketts Point sewer project, the Bay Ridge sewer project, <br />and the Orono Ice Arena sewer and water project. The bond sale was scheduled for June 23,1997. <br />The city's bond consultant will provide information regarding the bids received on the bonds, and <br />a resolution awarding the sale of the bends, at the June 23 Council meeting. <br />Moodys Investors Services has completed its rating process for the bonds. They have retained the <br />city's Aa-1 rating. <br />COUNCIL ACTION REQUESTED: <br />Motion to adopt a resolution awarding the sale of bonds in the amount of $1,760,000 to finance the <br />North Long Lake/Long Lake Country Club, Bracketts Point, and Bay Ridge sewer projects, and the <br />Orono Ice Arena sewer and water project. <br />I