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AGENDA ITEM 3A,B,C <br />STAFF ORIGINATOR: Mary M. Vaske <br />DATE: June 12, 1998 <br />TOPtC Resolution 98-98 and 98-99 awarding the sale of <br />$4,310,000 G.O. Improvement Bonds 1998A and <br />$2,000,000 G.O. Improvement Bonds 1998B and <br />authorizing the execution & delivery of ground lease, lease <br />purchase agreement and approving the issuance of Lease <br />Revenue Bonds & execution of related documents. <br />The City Council approved the issuance of the bonds in May, 1998. Springsted received <br />bids on the bonds Monday morning, June 15, 1998. Gerry Shannon is here to fill the <br />Council in on the details. <br />The EDA has issued bonds for the Civic Complex. The City will lease the buildings from <br />the EDA and in turn, lease the land to the EDA. These documents need to be executed. <br />1. Approve the resolutions as proposed. <br />2. Disapprove the sale of the Bonds. <br />Option 1 - <br />