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<br /> <br />Item # S.I.A. <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Lori Johnson, Finance and Administrative Services Director <br /> <br />DATE: May 16, 2005 <br /> <br />SUBJECT: Consider Resolution Providing for the Issuance and Sale of $1 ,085,000 <br />General Obligation Improvement Bonds, Series 2005A, Pledging <br />Special Assessments for the Security Thereof and Levying a Tax for <br />the Payment Thereof and Resolution Providing for the Issuance and <br />Sale of $1 ,695,000 General Obligation Sewer Revenue Refunding <br />Bonds, Series 2005B and Pledging Net Revenues for the Security <br />Thereof <br /> <br />Attached are resolutions authorizing the issuance of $1,085,000 in improvement bonds to fund the <br />2005 Street Rehabilitation Project and $1,695,000 General Obligation Sewer Revenue Bonds to <br />refund the 1996A sewer bonds. Representatives of Ehlers and Associates will be present on Monday <br />to present the results of the bond sale. <br /> <br />Action Requested <br />City Council is asked to consider the results of the sale and approve the resolution providing for the <br />issuance and sale of $1,085,000 General Obligation Improvement Bonds, Series 2005A, pledging <br />special assessments for the security thereof and levying a tax for the payment thereof and approve <br />the resolution providing for the issuance and sale of $1,695,000 General Obligation Sewer Revenue <br />Refunding Bonds, Series 2005B, and pledging net revenues for the security thereof. <br /> <br />S:\Council\Lori\2005\Series 2005A & 2005B Bond Sales. doc <br />