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i;■fi"111991.3 <br />L’v <br />ii’- <br />i?- <br />f <br />h <br />I. <br />k’ <br />TO: <br />FROM: <br />DATS: <br />HRA Members <br />Ron Moorse, City Administrator /'/ <br />November 19, 1991 <br />f^/k <br />SUBJECT: Award of Sale of Bonds and Approval of Documents <br />The bond sale for the new city facilities will be held at 10:30 <br />a.m. on Monday, November 25, 1991 at Ehlers* offices. The HRA <br />will meet at 6:30 p.m. on November 25th to review the bids and <br />award the sale of the bonds. Dorsey and Whitney will provide a <br />resolution awarding the sale of the bonds for adoption by the <br />HRA. <br />The HRA will also approve the documents related to the bond sale <br />including the Trust Indenture between the HRA and the Trustee and <br />the Lease-Purchase Agreement between the City and the HRA. <br />Carolyn Crude, Tom Barrett, Ed Callahan and myself met with the <br />attorney from Dorsey and Whitney to review these documents. I <br />have enclosed a copy of the Lease-Purchase Agreement with the <br />changes suggested during our meeting. I have not enclosed the <br />Trust Indenture because it is a fairly thick document. If you <br />would like a copy of the Trust Indenture, please call me.