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32 <br />2008 Road Reconstruction Bonds <br />Page 3 <br />March 11. 2008 <br />4. What is the timeline/process for the issuance of the bonds? <br />Following is the timeline for issuance of the bonds: <br />March 11, 2008 <br />City Council adopts Resolution calling for Public Hearing on issuance of Bonds <br />and on Street Reconstruction Plan (SRP) <br />March 26, 2008 <br />Publish Notice of Public Hearing on issuance of Bonds and on SRP <br />April 8, 2008 <br />City Council holds Public Hearing on Bonds and on SRP and adopts Resolution <br />giving preliminary approval for their issuance and approving Street <br />Reconstruction Plan by unanimous vote <br />----- ---- <br />-- -- <br />April 8, 2008 <br />- — <br />City Council provides for sale of Bonds <br />May 8, 2008 <br />Reverse referendum period ends <br />May 13, 2008 <br />Council awards sale of Bonds <br />June 2008 <br />Closing on Bonds/receipt of funds <br />Please contact me at 651-697-8506 with any questions. <br />