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AGENDA ITEM # 5.1 <br /> City of <br /> Pequot <br /> Lakes= <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Angie <br /> Date: February 8, 2022 <br /> Subiect: Plow Truck Equipment Certificate <br /> Report: At the January 4, 2022 Council meeting a motion was made to <br /> authorize staff to complete the financing application for the purchase of a plow <br /> truck. Attached is the bond schedule, loan resolution and related bond documents. <br /> Jason Murray from David Drown Associates will be in attendance update the <br /> Council on the sale process and answer any questions. <br /> Council Action Requested: Council motion to approve the resolution providing <br /> for the issuance and sale of$176,000 General Obligation Equipment Certificate of <br /> Indebtedness, Series 2022A to Bank of Zumbrota with David Drown Associates, <br /> Inc. at the Municipal Advisor and levying a tax for the payment thereof. <br />