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0 <br />C ))) [DORSEY <br />DORSFY & WHITNEY LLE' <br />MEMORANDUM <br />TO: Michael Mornson, City Manager <br />CC: Stacie Kvilvang, Ehlers & Associates, Inc <br />FROM: Jerome P. Gilligan <br />DATE: March 30, 2007 <br />RE: Approval of Bond Resolution for Tax Increment Revenue Bonds <br />(Silver Lake Village Phase IA Housing), Series 2007 <br />On March 13, 2007, the City Council and the Board of Commissioners of the HRA <br />approved the issuance and sale by the HRA of its Tax Increment Revenue Bonds (Silver Lake <br />Village Phase IA Housing), Series 2007 (the "Series 2007 Bonds"). The proceeds of the Series <br />2007 Bonds are to be used to finance certain costs with respect to the Phase IA For Sale <br />Housing component of the Silver Lake Village development. <br />The current schedule provides for Dougherty & Company LLC, the underwriter for the <br />Series 2007 Bonds, to sell the Series 2007 Bonds on April 10, 2007, and for the HRA to adopt <br />the attached bond resolution for the Bonds at its meeting on April 10th. The results of the sale of <br />the Series 2007 Bonds will be presented to the HRA at its meeting on April 10th. Stacie <br />Kvilvang from Ehlers & Associates will be in attendance at the meeting to present the results of <br />sale and to answer any questions. <br />00RS; 1Y 4 VA Ii 1 PIPY ILP <br />