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A ITEM 0 <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 10/13197 <br />TOPIC: Consideration of Resolution No. 97-18 providing for <br />the issuance and sale of 3.5 miltic n Lease Revenue <br />Bonds <br />BAC <br />GRO <br />D: <br />The issuance and sale of $3.5 million in 0-year Lease Revenue Bonds is to <br />assist in the financing of the construction of the public facilities complex in The <br />Village. The interest rate is estimated at 5.9%. These bonds are not general <br />obligation bonds of either the EDA or the city. <br />The bonds will be scheduled for sale on Monday,`November 10, 1997. <br />OPTIONS: <br />1. Approve Resolution No. 97-18, providing for the issuance and sale of $3.5 <br />million Lease Revenue Bonds <br />2. Return to staff for fu <br />RECOMMENDATION <br />Option 1 <br />