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HomeMy WebLinkAboutItem 13 - Sale of GO Improvement Bonds 2013A MemoMAYOR AND COUNCIL COMMUNICATION DATE: September 17, 2013 CONSENT ITEM #: MOTION AGENDA ITEM: Authorization for sale of $5,725,000 General Obligation Improvement Bonds, Series 2013A SUBMITTED BY: Cathy Bendel, Finance Director THROUGH: Dean Zuleger, City Administrator REVIEWED BY: Dean Zuleger, City Administrator SUMMARY AND ACTION REQUESTED: The City Council is respectfully asked to consider Resolution 2013-78 awarding the sale, prescribing the form and details and providing for the payment of the $5,725,000 General Obligation Improvement Bonds, Series 2013A. BACKGROUND INFORMATION: The City Council authorized the issuance and sale of the $5,725,000 General Obligation Improvement Bonds, Series 2013A on August 6, 2013. The attached paperwork needs to be completed to complete that transaction. RECOMMENDATION: It is recommended that the City Council approve processing the necessary paperwork related to $5,725,000 General Obligation Improvement Bonds, Series 2013A. ATTACHMENTS: 1. Resolution 2013-78