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aeLnA___ `7- <br /> • MEMORANDUM <br /> TO: MAYOR AND CITY COUNCIL <br /> FROM: SAMANTHA ORDUNO, CITY ADMINISTRATOR <br /> DATE: MARCH 21, 1991 <br /> RE: 1991 WATER REVENUE BONDS <br /> At the March 4, 1991 Agenda Session, the Council authorized staff <br /> to proceed with the process to issue General Obligation Water <br /> Revenue Bonds in the amount of $2,875,000. The projects covered <br /> under the issue are listed on the Springsted letter which is <br /> attached. <br /> The first step in the issuance process will be formal approval of <br /> the resolution authorizing the sale of the bonds . This resolution <br /> has been prepared by Jim O'Meara of the law firm of Briggs and <br /> Morgan. <br /> Bob Dieke's departure from the firm of Holmes and Graven resulted <br /> in a need to secure a new bond and development counsel. Mr. O'Meara <br /> • is the attorney who is working with us on the issuance of the Fire <br /> Bonds . He is an excellent bond counsel with many years of <br /> experience in municipal activities . <br /> Mr. O'Meara will be at the meeting Monday night to meet the Council <br /> and update you on the issuance of the Water Revenue Bonds as well <br /> as the process currently underway for issuance of the Fire Bonds . <br /> SO/MJS <br /> • <br />