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#13 - 2025 Bond Issuance
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#13 - 2025 Bond Issuance
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8/15/2025 10:14:09 AM
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<br />FISCAL IMPACT: <br />The estimated levy schedule can be found on page 9 of the finance plan. The city is required to levy 105% <br />of the general fund portion of the improvement (street) projects. <br /> <br />OPTIONS: <br />1) Approve Resolution No. 2025-045 <br />2) Amend and then Approve Resolution No 2025-045 <br />3) Do not authorize the issuance of bonds <br /> <br />RECOMMENDATION: <br />Motion to approve Resolution No. 2025 - 045: A Resolution Providing for the Competitive Negotiated <br />Sale of $2,185,000 General Obligation Improvement Bonds, Series 2025A <br /> AND <br /> <br />Motion to approve the Municipal Services Agreement with Northland Securities, Inc. <br /> <br />ATTACHMENTS: <br />• Finance Plan <br />• Resolution No 2025-045 <br />• Municipal Advisory Services Agreement with Northland Securities, Inc.
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