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09.02A Rasmusstn Road & South Washington Avenue Improvement Project - Set Sale Date of General Obligation Bond Issuance
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03-05-2020 City Council Meeting
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09.02A Rasmusstn Road & South Washington Avenue Improvement Project - Set Sale Date of General Obligation Bond Issuance
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AGENDA ITEM #9.2.A <br /> Cfty Of <br /> Pequot <br /> Lakes — <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: March 5, 2020 <br /> Subiect: Rasmussen Road & South Washington Avenue Improvement Project <br /> — Set Sale Date of General Obligation Bond Issuance <br /> Report: Attached is the Recommendation Letter, Cash Flow Report, and <br /> Resolution from the City's financial consultant, Jason Murray from David Drown <br /> Associates, regarding the general obligation utility revenue and disposal system <br /> bonds for the Rasmussen Road & South Washington Avenue Improvement Project. <br /> Mr. Murray will be present at this Meeting to review this information with the <br /> Council and address any inquiries. <br /> Council Action Requested: Council motion adopting the attached resolution <br /> providing for the competitive negotiated sale of$2,115,000 in General Obligation <br /> Utility Revenue and Disposal System Bonds for the Rasmussen Road & South <br /> Washington Avenue Improvement Project. <br />
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