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Item No. 7.B. <br />Meeting Date: April 10, 2017 <br />Type of Business: Council Business <br />City Administrator Review: ______ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8745, Awarding the Sale of $6,000,000 <br />General Obligation Capital Improvement Plan Bonds, <br />Series 2017A; Fixing Their Form and Specifications; <br />Directing Their Execution and Delivery; and Providing <br />for Their Payment <br /> <br /> <br />The City Council adopted resolution 8732 on March 27th, 2017 calling for the sale of $6 <br />million of General Obligation Capital Improvement Plan Bonds, Series 2017A to finance <br />the construction of a new public works facility. The sale results will be available by 12 <br />noon on Monday, April 10, 2017. The resolution and exhibits will be revised by Kennedy <br />& Graven to reflect the successful bidder and the final results. The City Council would <br />have the option to reject the successful bid based on the recommendation of the City’s <br />financial advisor. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br /> <br />Mark Beer, Finance Director <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />