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8.1 SR 04-19-2021
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8.1 SR 04-19-2021
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Request for Action <br />To <br />Item Number <br />Mayor and City Council <br />8.1 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />General Business <br />Aril 19, 2021 <br />Lori Ziemer, Finance Director <br />Item Description <br />Reviewed by <br />Award the Sale of General Obligation Capital <br />Cal Portner City Administrator <br />Improvement Plan and Equipment Bonds, Series <br />Reviewed by <br />2021A <br />Action Requested <br />Adopt, by motion, the Resolution Awarding the Sale of General Obligation Capital Improvement Plan <br />and Equipment Bonds, Series 2021A. <br />Background/Discussion <br />On March 15, the City Council passed a resolution providing for the competitive negotiated sale of <br />$5,225,000 General Obligation Capital Improvement Plan and Equipment Bonds, Series 2021A to <br />finance the completion of Fire Station #3 and purchase affiliated fire equipment. <br />Terri Heaton, with Baker Tilly, will present the results of the sale of the bonds. <br />Financial Impact <br />The bonds are a general obligation of the city payable by a tax levy or other sources. <br />Mission/Policy/Goal <br />Develop a sustainable and prosperous community that reflects the culture of citizens and what is <br />important to the majority. <br />Attachments <br />■ Resolution Awarding the Sale of General Obligation Capital Improvement Plan and Equipment <br />Bonds, Series 2021A. <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional,` 01 e <br />service, and community engagement that encourages and inspires pi ospei ly INAWRE1 <br />
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