Laserfiche WebLink
MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Matt Anderson <br />Rick Montour <br />515 Little Canada Road, Little Canada, MN 55117 -1600 ADMINISTRATOR <br />(651) 766 -4029 / FAX: (651) 766 -4048 Joel R. Hanson <br />Email: cityhall @ci.little - canada.mn.us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />DATE: November 9, 2001 <br />RE: Reimbursement Resolution for Improvement Projects <br />The attached reimbursement resolution is needed in order that we are able to finance the <br />assessable portion of the projects costs associated with the Australian/Bluwood and Little <br />Canada Road /McMenemy Street parking lot projects. I am proposing to have bonds <br />issued early next year that will combined the Little Canada Road project (a <br />reimbursement resolution has already been passed), the 2001 improvement projects, and <br />any 2002 projects we may approve once improvement hearings are held. By combining <br />the bond issues in this fashion, we will achieve a significant economy of scale relative to <br />issuance costs. <br />Therefore, I recommend adoption of the resolution as proposed. <br />Page 25 <br />