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Mayor Fahey and Members of the City Council <br />September 7, 1990 <br />Page 2 <br />financial advisors. If that action is taken, we would call <br />for the sale on September 26. That would still allow us to <br />meet the necessary timing requirements. It would also give <br />us the opportunity to do a detailed analysis regarding the <br />structure of this issue. <br />Therefore, it is my recommendation that the City utilize <br />Springsted to pursue the advanced refunding of the two bond <br />issues outlined previously. My recommendation is based on <br />the fact that no fees will be due Springsted unless the <br />issue proceeds. Any comments or questions you have <br />regarding this matter would be appreciated. <br />JRH:kpv <br />Page 20 <br />