09-24-1986 Additions - Laserfiche WebLink

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f^'IL MN 55 9L 2091, t (1UTUAIUF5PENTERI BERT $UITEQ00 2241500 1 1INVESTMENT SECU I tlES SINCQ 1939 mryTfg tir�,�rL2 'MINNEAp�OUS . N 55402 2375 �- QU$T014 7X97027 9102'. 10 10QARGILLauILQINO ��i 773 L7jE$T LOOP$O SUITE11130 S9�UTHSEVENTHST[iEET " I ipins) r ei 1ae2 5i "TOLL FREE. heNNE5OTA 1.800.752.4888 )OUT :OF -9 ATE }1.800 2848 City Council Little Canada, Minnesota , eLEARWATEN FL 33546 3102 ARB09 OFFICE'CENTER'SUIT(:2p5 1320.5450HWAY1950 k t i(8j$)535 0584. } 1u Honorable Mayer, Members of the Little Canada City Council: Juran d Moody, Inc., understands the City of Little Canada Is considering the Issuance of S2,345,000 General Obligation Bonds of 1986. Accordingly, we propose the following: • I. We will proceed Immediately to procure all necessary statistical data and analyze methods of financing future municipal Improvements. 2. We will consult with your offlcl al s, attorney, recognized municipal bond attorneys, engl nears and architects with regard to proper f 1 nanci ng of future Improvements, and In conjunction therewith will prepare detailed studies on all phases of any Improvement as It. progresses. We will represent you as your consultant at meetings and hearings whenever advisable and cooperate with you in any negotiations or conferences necessary In developing proper financing programs. In connection therw Ith we will assist In setting up programs of revenue fran various sources to adequately sery Ice any bonds issued to accompl l sh said programs. 3. When construction work. has been ordered, we will work w Ith the Council, engl neer and other Ci ty officials 1 to develop a schedule to assure aval1abi1 ity of funds when needed. 4. We will prepare and furnish to all Interested parties and prospective bidders a complete Offlci al Statement descrlbing the City and the bond Issue. We will cooperate with your attorney and recognized municipal bond attorneys, relative to all procedural requirements, supery Ise the bond sale publ icatlons, attend the bond sale to compute the bids and advise you as to the acceptabll ity of the bids, supervise the printing of the bonds and their delivery to the successful purchaser and the receipt of the bond proceed6 by the City. 5. On behalf of the City we will make appl !cation to Moody's Investors Service, Inc., for a credit r'eting on the proposed bond Issue. Such appl Icatl on will Include the Off lci al Statement, f 1nancl al statements, budgets and any other statistical data the rating agency might roqul re. On occasion It may become necessary for an Intery Iew or formal presentation with the rating analysts In New York City. Should a trip to New York be necessary to secure an Investment grade rating, we will coordinate the trip with City officials and attend the rating meeting with them. • 6. After the Issuance and sale of any bonds, we wIll submit a detailed principal and Interest repayment schedule and will assist, If you •• so desire, with any Investment of bond funds until needed for the project.