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AGENDA ITEM #10.1.A <br /> ct�y of <br /> Pequot <br /> Lakes— - <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date• April 7, 2020 <br /> Subiect: Rasmussen Road & South Washington Avenue Improvement Project <br /> — Award Bond Issuance <br /> Report: Attached are the following documents related to the issuance of <br /> $2,098,000 for the 2020 General Obligation Utility Revenue and Disposal System <br /> Bond. <br /> • Master Cash Flow/Bond Schedule <br /> • Bremer Bank Terms <br /> • Resolution Providing Issuance of the $2,098,000 GO Bond <br /> Jason Murray, the City's financial consultant, will be in attendance to update the <br /> Council on the sale process and recommend final placement with Bremer Bank. <br /> Council Action Requested: Council motion adopting the resolution providing for <br /> the issuance and the sale of$2,098,000 General Obligation Utility Revenue and <br /> Disposal System Bond, Series 2020A and pledging for the security thereof net <br /> revenues and levying a tax for the payment thereof. <br />