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Meeting Date: 3/10/93 <br /> Agenda Item: P 3 <br /> CITY OF FALCON HEIGHTS <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: Resolution calling for the sale of bonds for <br /> the 1993 Street Improvement Project <br /> SUBMITTED BY: Steve Apfelbacher, Financial Consultant <br /> REVIEWED BY: Susan Hoyt, City Administrator <br /> EXPLANATION /SUMMARY: <br /> In order to finance the 1993 street improvement project with <br /> general obligation improvement bonds, the city council must call <br /> for the bond sale. The bond sale will not exceed $1,025,000. <br /> Staff proposes calling for the bond sale after the improvement <br /> project is approved to capture the favorable interest rates. <br /> ATTACHMENTS: Resolution No. R -93 -19 <br /> ACTION REQUESTED: Approve Resolution R -93 -19 calling for the <br /> sale of not to exceed $1,025,000 general obligation improvement <br /> bonds, series 1993. <br />