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Item No. 8.C. <br />MOT �mc � TT�AT Meeting Date: December 14, 2020 <br />VND �/1�1�\' Type of Business: Council Business <br />City Administrator Review: <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 9364, Awarding the Sale of $6,140,000 <br />General Obligation Water Revenue Bonds, Series 2020A; <br />Fixing Their Form and Specifications; Directing Their <br />Execution and Delivery; and Providing for Their <br />Payment <br />The City Council adopted resolution 9346 on November 23rd, 2020 calling for the sale of <br />$6,140,000 million of General Obligation Water Revenue Bonds, Series 2020A to finance <br />the rehabilitation of water treatment infrastructure. The sale results will be available by <br />12 noon on Monday, December 14, 2020. The resolution and exhibits will be revised by <br />Kennedy & Graven to reflect the successful bidder and the final results. The City Council <br />would have the option to reject the successful bid based on the recommendation of the <br />City's financial advisor. <br />Respectfully Submitted, <br />Mark Beer, Finance Director <br />M U210-280-685657.v 1 <br />