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Next Steps: <br />Receive the bond rating the week of Ma~.•ch ~ 5. <br />® Report back to the Council the results of the sale or rejection of any sales. <br />~ rf bids are accepted by the pricing committee, the EDA will approve the bond documents at the <br />April ~ 2 EDA meeting and the Utilities Commission will approve the changes to the sublease of <br />the City Hall space at its April meeting, <br />inanca~ ~r~a~c <br />It is anticipated that refunding the bonds will yield at a minimum a net present value savings of aver 3%, <br />This should result in approximately X20,000 to X25,000 pet• year savings in debt service costs over the <br />next ~ 3 yea~.•s. <br />t~achr~~ns <br />® Pa.•e~Sale Report <br />® A Resolution Awarding The Sale 0f Approximately $8,000,000 General Gbligation Capital <br />Improvement Plan Bonds, Series 20~DA; Fixing Them Form And Specifications; Directing Theii.• <br />Execution And Delivery; P~,•oviding For Theit• Payment; Providing For The Escrowing And <br />investment Qf The Proceeds Thereof; And Providing For The Redemption ~f Bonds Refunded <br />Thereby. <br />C,~Dr~cuments and Settings~tallard~i,~ca! Settings~Temporary Internet I{i~es~OLI~I+~2U1011 refunding I~~nc~s,dac <br />