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General 'Information <br />Page <br />The Citv Bonds <br />Cities may sell their bonds to the pool for the same purposes for which cities <br />may currently sell bonds under Minnesota law. These purposes include: <br />General. obligation Bonds <br />Tax levy supported <br />Special assessment supported <br />Revenue supported (water, <br />sewer, electric) <br />Tax Increment <br />Revenue Bonds <br />Utility enterprises (water, <br />sewer, electric) <br />Tax Increment <br />Other <br />Cities will have the option to sell fixed or variable rate bonds to the pool. <br />The variable rate city bonds may be converted to fixed rates at scheduled times <br />at the option of the city. The fixed rate city bonds will be sold at market <br />rates at the time the city bonds are purchased by the pool. The rate on <br />variable city bonds loans will reflect the interest rate on the pool's variable <br />rate bonds. <br />The maturity of the city bonds will he limited to current state law and credit <br />purposes. The city bonds will be purchased during a three -year period beginning <br />in the fall, 1986. <br />