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r CSM OF Agenda Section: 11_C <br /> REQUEST FOR COUNCIL CONSIDERATION Report Number: 96-1 6n 9C <br /> Report Date: -,_8_96 <br /> STAFF REPORT Council Action: <br /> P'A ��� ❑ Special Order of Business <br /> °gees111008 <br /> •Partne0° ❑ Public Hearings <br /> • <br /> CITY COUNCIL MEETING DATE February 12, 19 6 <br /> 0 Consent Agenda <br /> R Council Business <br /> Item Description: <br /> Recommendation to authorize a contract for services relating to continuing disclosure with <br /> Springsted, Inc <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report RI-A <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> Attached you will find a contract for"Financial Advisor Services" with Springsted, Inc.. In order for the <br /> City of Mounds View to issue municipal securities the City is required to provide ongoing disclosure. <br /> Springsted, Inc. has the expertise in the field of bonds and disclosure laws. They also have a good <br /> working relationship with Staff and Council along with financial knowledge of the City. Bob Thistle will <br /> be in attendance Monday evening to discuss the disclosure contract and fees with the Council. <br /> The "Official Statement dated January 30, 1996" for the City's bond issues is inclosed for your <br /> information. <br /> li .,7-e--- >t <br /> Mary / atarek, Interim Finance Coordinator <br /> RECOMMENDATION; <br />