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Bond Sale Report <br /> <br />Existing Debt <br />Ehlers' routinely monitors outstanding debt to advise the City on refinancing opportunities. The <br />feasibility of refinancing is influenced by both market conditions and the terms of each bond issue. <br />At this time, none of your existing bond issues merit refunding. <br /> <br />ISSUING PROCESS <br /> <br />Following is a tentative schedule for the steps in the issuing process. <br /> <br />August 14, 2001 <br /> <br />August 27 <br /> <br />Week of September 4 <br />Week of September 11 <br /> <br />September 17, 2001 <br /> <br />Week of October 8, 2001 <br /> <br />Utilities Commission approves finance plan and <br />requests City issue bonds <br />City Council adopts resolution calling for the sale of <br />the Bonds. <br />Distribute Official Statement <br />Receive credit rating <br />Bond sale <br />(Unless changed by the City Administrator) <br />Bond closing (estimated) <br /> <br />Page 6 <br /> <br /> <br />