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AGENDA ITEM NO. 3D <br />STAFF ORIGINATOR Randy Schumacher, City Administer <br />DATE August 9,1996 <br />TOPIC Consideration of Resolution No. 96 90 <br />Providing for Issuance and Sale of $3,320,000 <br />General Obligation Water Revenue Bonds, <br />Series 1996E <br />BACKGROUND: <br />The attached resolution provides for the sale of general obligation water revenue bonds. <br />Proceeds from the sale of these bonds will be used to fund the following improvements: <br />Well No. 3 & Pumphouse <br />Water Tower No, 2 <br />Birch Street Trunk Water Improvement <br />Otter Lake Road Trunk Utilities <br />OPTIONS <br />1, <br />Adopt a motion approving Resolution No. 96 - 90, The Issuance and Sale of <br />$3,320,000 General Obligation Water Revenue Bonds, 1996B <br />2. Return to staff for further information. <br />RECOMMENDATION <br />Option No. 1 <br />