Laserfiche WebLink
116 <br /> Elk River <br /> Municipal Utilities <br /> 13069 Orono Parkway phone: 763.441.2020 <br /> Elk River,MN 55330 Fax.763 4418099 <br /> October 5, 2005 <br /> To: Elk River Municipal Utilities Commission <br /> Jerry Takle <br /> John Dietz <br /> Jim Tralle <br /> From: Bryan Adams <br /> Subject: Electric Bond Options <br /> At the September 13`x', 2005 Elk River Municipal Utilities Commission meeting, we <br /> discussed options for our upcoming electric bond issue. Anthony Hedlof of MMUA <br /> made a presentation using MCMU bond pool. Anthony Hedlof and Kathleen Aho of <br /> Springsted will be at our meeting with more information. Srpingsted is MCMU financial <br /> advisors and the former City of Elk River financial advisor. <br /> Enclosed is an Email and graph reflecting the history of tax-exempt variable rates which <br /> is a good indicator of MCMU program rates. <br /> 'Ihe commission asks what would be the impact on communities with outstanding loans <br /> if the $50 million draw down bond was not completely spent before the required time. <br /> The initial response is no effect. This issue will be addressed further at our meeting. <br /> I <br />