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Report Date: March 8, 2006 <br />Agenda Section.: V1, A <br />Meeting Date: March 14, 2006 <br />ITEM DESCRIPTION: <br />Resolution 06-028; The Sale of G.O. Im'provement Bonds Series 2006A <br />fA 'I Al <br />ARI JL F <br />L <br />Stacie Kvilvang from Ehlers will be present to review bids for the General Obligation <br />Bonds that were received today. <br />This bond sale is part of the City's annual street reconstruction project. Payment of the <br />bonds come from 65% levy and 35% assessment. <br />RECOMMENDATION: <br />1 Approval of Resolution 06-028; Relating to $3,190,000 General Obligation Bonds, <br />Series 2006A; Authorizing the issuance, awarding the sale, fixing the form and details <br />providing for the execution and delivery thereof and the security therefore and levying <br />ad valorem taxes for the payment thereof. <br />"I <br />Michael Mof7son <br />City Man'ager <br />