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29 <br /> Year Estimated Savings Average Savin s <br /> 2004 72,000 21.31 <br /> 2005 71,000 21.02 <br /> 2006 70,000 20.72 <br /> 2007 69,000 20.43 <br /> 2008 51,000 1 15.10 <br /> 2009 1 40,000 1 11.84 <br /> Schedule: <br /> Pre-Sale Review: August 12, 2003 <br /> Distribute Official Statement: Week of August 25,2003 <br /> Bond Sale: September 9, 2003 <br /> Estimated Closing Date: October, 2003 <br /> Attachments: <br /> Sources and Uses of Funds <br /> Proposed Debt Service Schedule <br /> Bond Buyer Index <br /> Resolution authorizing Ehlers to proceed with bond sale <br /> Ehlers Contacts: <br /> Financial Advisors: Mark Ruff and Jim Prosser <br /> Bond Analysts: Diana Lockard(651) 697-8534 <br /> Debbie Holmes (651) 697-8536 <br /> Bond Sale Coordinator: Connie Kuck(651) 697-8527 <br /> The Official Statement for this financing will be mailed to the Council Members at their home <br /> address for review prior to the sale date. <br /> Prepared by Ehlers &Associates, Inc. <br />