Laserfiche WebLink
Elk River <br /> Municipal Utilities <br /> 322 King Avenue phone: 763.441.2020 <br /> Elk River,MN 55330 Fax:763.441.8099 <br /> March 1, 2004 <br /> To: Elk River Municipal Utilities Commission <br /> John Dietz <br /> Jerry Takle <br /> James Tralle <br /> From: Bryan Adams <br /> Subject: MMUA Bond Pool Financing Program <br /> The Elk River Municipal Utilities 2004 electric budget contains an allowance for <br /> $750,000 to $1,000,000 bond to pay for our large electric feeder projects along with <br /> relocating lines in Otsego to accommodate Co. Rd. 39 and 42 interchange construction. <br /> Normally we would issue a single bond for the amount required. MMUA is starting a <br /> bond pool financing program that may be of benefit to us. Attached are two fact sheets <br /> that explain their program. Please review this information. If you desire to pursue this <br /> concept further, I can arrange a MMUA representative to attend our April commission <br /> meeting. By that time, staff will have a better handle on the size of the bond required. <br />