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AGENDA ITEM NO. 3B <br />STAFF ORIGINATOR Mary Vaske, Finance Director <br />DATE September 6,1996 <br />TOPIC <br />BACKGROUND: <br />Consideration of Resolution No. <br />Awarding Sale of $4,685,000.00 <br />Obligation Improvement Boiu <br />Directing Execution and Delivt <br />for Their Payment <br />Attached is Resolution No. 96 - 101 Awarding Sale of $4,685,000 General Obligation <br />Improvement Bonds, Series 1996A, Directing Execution and Delivery and Providing for <br />Their Payment. These bonds are being solei i+o finance several improvement projects in <br />the City and to finance the construction of improvements to the City's water system. <br />The sale of the bonds will take place nn Monday, September, 1996 at noon. Springsted, <br />Inc. will give the background on this matter at the City Council meeting later this same <br />day. <br />OPTIONS <br />1. Adopt Resolution No. 96 - 101. <br />for further review. <br />RECOMMENDATION <br />Option No. <br />