Laserfiche WebLink
JAN 06 '95 02 :36PM EHLERS & ASSOCIATES P.2'3 <br />Pre -Sale Report -19954 Bonds <br />ISSUING PROCESS <br />The original pre-sale report was presented to and accepted by the City Council on <br />December 21. At that time the Council adopted a resolution calling for the sale of <br />bonds. At its January 1 lth meeting, the City Council will adopt a resolution revising <br />the details of the bond issue pursuant to this revised report (see Attachment 3). <br />The bond sale is scheduled for January 25. Bids will be received by Ehlers and <br />Associates at 11:00 and prescnted to the Council for consideration at 7:30. Table 3 <br />below lists the steps in the issuing process. <br />December <br />December 21 <br />Week of 1/26 <br />Week of 1/2 <br />Week of 1/9 <br />January 11 <br />Week of 1/16 <br />January 25 <br />Week of 2/20 <br />City adopts CaP /Finance plan <br />prepared <br />City Council considers finance <br />plan and adopts resolution <br />setting sale <br />Submit rating application <br />Distribute draft O.S. <br />Distribute O.S. <br />Approve revised sale details <br />Receive rating <br />Bond sale Open 11:00 <br />Consider 7:30 <br />Tentative closing /receipt of funds <br />Table 3 <br />Steps in Issuing Process <br />Page 33 <br />