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<br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br /> <br />Agenda Section Meeting Date <br />Administration November 20,2006 <br />Item Description <br />Resolution Providing for the Issuance and Sale of $3,220,000 <br />General Obligation Capital Improvement Plan Bonds, Series <br />2006C and Le in a Tax for the Pa ment Thereof <br /> <br /> <br />Administrator <br /> <br />Introduction <br />Representatives from Ehlers and Associates will be present at Monday's meeting to present the results of <br />the sale of the city's $3,220,000 General Obligation Capital Improvement Plan Bonds, Series 2006C to <br />fund a portion of the library building project. <br /> <br />Discussion <br />Bids are being received on Monday for the sale of the bonds. A conference call with Moody's was held on <br />Wednesday, November 15. The rating is not available as of the writing of this memo and will be <br />distributed to the Council on Monday. <br /> <br />Financial Impact <br />None <br /> <br />Attachments <br />· Resolution Providing for the Issuance and Sale of $3,220,000 General Obligation Capital <br />Improvement Plan Bonds, Series 2006C and Levying a Tax for the Payment Thereof <br /> <br />Action Requested <br />The City Council is asked to consider the results of the sale of the city's bonds and approve the resolution <br />Providing for the Issuance and Sale of $3,220,000 General Obligation Capital Improvement Plan Bonds, <br />Series 2006C and Levying a Tax for the Payment Thereof. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />S:\Council\Lori\2006\Bond PH 112006.doc <br />