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MINN8SOrA�Autus LIE )d ki <br />4 y013TH.ROBEPH 0I ' de re <br />'arm 14,16 <br />INVESTAfENT E C1 IT7E,45,t61 <br />. rF ) ! ° , <br />OAPous m146 440�§3i5 , fy 'x 0,$-. <br />co` ryaittaI4olncit z 133PWes <br />p1 *EVEkftf6TREFq ",M., aTy#{�}g . ..I <br />7CL r ?u <br />ES NNESOTal miog.498e, 1* '8 <br />City Council <br />Little Canada, Minnesota <br />Honorable Mayor, Members of the Little Canada City Council: <br />Juran & Moody, Inc., understands the City of Little Canada Is considering <br />the Issuance of $2,345,000 General Obl lgation Bonds of 1966. <br />Accordingly, we propose the following: <br />I. We will proceed Immediately to procure all necessary <br />statistical data and analyze methods of financing future <br />municipal Improvements. <br />2. We will consult with your officials, attorney, recognized <br />municipal bond attorneys, engineers and architects with <br />regard to proper financing of future improvements, and In <br />conjunction therewith will prepare detailed studies on all <br />phases of any Improvement as It progresses. We will <br />represent you as your consultant at meetings and hearings <br />whenever advisable and cooperate with you In any negotiations <br />or conferences necessary In developing proper financing <br />programs. In connection therewith we will assist In setting <br />up programs of revenue from various sources to adequately <br />service any bonds Issued to accomplish said programs. <br />3. When construction work has been ordered, we will work <br />with the Council, engineer and other City officials to <br />develop a schedule to assure avallabil ity of funds when <br />needed. <br />4. We will prepare and furnish to all Interested parties and <br />prospective bidders a complete Official Statement describing <br />the City and the bond Issue. We will cooperate with your <br />attorney and recognized municipal bond attorneys relative to <br />all procedural requirements, supervise the bond sale <br />publications, attend the bond sale to compute the bids and <br />advise you as to the acceptability of the bids, supervise the <br />printing of the bonds and their delivery to the successful <br />purchaser and the receipt of the bond proceeds by the City. <br />5. On behalf of the City we will make application to Moody's <br />Investors Service, Inc., for a credit rating on the proposed <br />bond Issue. Such appl !cation will Include the Official <br />Statement, financial statements, budgets and any other <br />statistical data the rating agency might require. On <br />occasion It may became necessary for an Interview or formal <br />presentation with the rating analysts In New York City. <br />Should a trip to New York be necessary to • secure an <br />Investment grade rating, we will coordinate the trip with <br />City officials and attend the rating meeting with than. <br />6. After the issuance and sale of any bonds, we will <br />submit a detailed principal and Interest repayment schedule <br />and will assist, if you so desire, with any investment of <br />bond funds until needed for the project. <br />Page 131 <br />