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APPENDIX B <br />Pre-Sale Schedule dated December 5, 2011 <br />S-Year City Capital Improvement Plan Bond Issuance <br />City of Elk River, Minnesota <br />The City Council must take the following actions before Bonds can be issued: <br />• City Council directs completion of the 5-Year Capital Improvement Plan. <br />• City Council conducts a Public Hearing on issuance of Bonds and Capital Improvement Plan. <br />• City Council approves CIP Bonds and Capital Improvement Plan by at least a 3/Sths vote of the governing body <br />membership. <br />The table below lists the steps in the issuing process: <br />12/05/2011 City Council adopts Resolution calling for Public Hearing on the Capital Improvement Plan and the <br /> issuance of Capital Improvement Plan Bonds. <br />12/28/2011 Close date to get Notice of Public Hearing on issuance of Bonds and on Capital Improvement Plan to <br /> official newspaper for publication. <br />12/31/2011 Publish Notice of Public Hearing on issuance of CIP Bonds and on Capital Improvement Plan <br /> (publication no more than 28 days and no less than 14 days prior to hearing date). Additionally, notice <br /> may be posted on the City's official web site, if any. <br />1/17/2012 City Council holds Public Hearing at 6:30 p.m, on CIP Bonds and on Capital Improvement Plan and <br /> adopts Resolution giving preliminary approval for their issuance and approving Capital Improvement <br /> Plan by at least a 3/Sths vote of the governing body membership. <br />1/17/2012 City Council calls for sale of CIP Bonds. <br />2/16/2012 Reverse referendum period ends to issue CIP Bonds (within 30 days of the public hearing). <br />2/21/2012 City Council accepts competitive bid offer received for CIP Bonds and adopts Resolution approving sale <br /> of CIP Bonds. <br />3/15/2012 Receipt of funds on or about this date. <br /> <br />City of Elk River CIP for Financing Purposes Fage l l <br />