Laserfiche WebLink
City of Pequot Lakes, Minnesota <br /> Pre-Sale Report <br /> September 7, 2004 <br /> Proposed Issue: $340,000 G.O.Improvement Bonds,Series 2004A <br /> Purpose: Finance 2004 Industrial Park Improvement Project. <br /> Term/Call Feature: 10 year bonds,callable in 2009 for maturities 2010 and after. (5 years) <br /> Funding Sources: Special assessment collections, Tax Increments from Districts 1-8 and 1-10, lindustrial <br /> park lot sales and property tax levy(if needed). <br /> Discussion Issues: Prepaid Special Assessments <br /> 4 lots assessed at$75,000 will require 5 lots to be sold. One every other years beginning <br /> in 2005. <br /> Banks and Underwriters on Request for Proposal List <br /> Schedule: <br /> Pre-Sale Review: September 7,2004 <br /> Distribute Request for Proposal: Week of October 20,2004 <br /> Bond Sale: October 5,2004 <br /> Estimated Closing Date: Week of October 25,2004 <br /> Attachments: <br /> Proposed Debt Service and Revenue Schedule <br /> Bank List for Request for Proposal <br /> Bond Buyer Index <br /> Resolution authorizing Ehlers to proceed with bond sale <br /> Ehlers Contacts: <br /> Financial Advisors: Sid Inman(651)697-8507 <br /> Shelly Eldridge(651)697-8504 <br /> Bond Analysts: Lois Bossert(651)697-8552 <br /> Bond Sale Coordinator: Connie Kuck(651)697-8527 <br />