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MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Moreton <br />Bob Pedersen <br />515 Little Canada Road, Little Canada. MN 55117 -1600 ADMINISTRATOR <br />(651) 484 -2177 / FAX: (651) 484 -4538 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: July 12, 2000 <br />RE: Reimbursement Resolution for Little Canada Road Improvement <br />The attached resolution will provide us with the ability to issue bonds in 2001 to <br />reimburse ourselves for the assessable portion of the Little Canada Road improvement <br />project (96 -1). I feel it is in the City's best interests to combine this amount with the <br />2001 improvements to generate an economy of scale relative to bond issuance costs. <br />Page 24 <br />