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Attached as a part of this case are the recommendations from Springsted regarding the bond sale <br />an~the appropriate resolutions as prepared by the firm of Holmes and Graven. Mr. Bob Thistle of <br />Sp~gsted will be present to review the recommendations and answer questions as necessary. <br /> <br />Asian aside, there have been some significant changes proposed in the laws pertaining to tax <br />inc~ement financing districts. We are expediting this particular process to address possible <br />negative impacts on the long term development plans of the City. <br /> <br />staff Recommendation <br /> <br />Th~ action necessary at tonights meeting is as follows: <br />Se~ sale of the bonds for Tuesday, March 21, 1995 by receiving the recommendations and <br />adopting the attached resolution, <br /> <br />C~I for a special meeting of the City Council for Tuesday, March 21, 1995 at 6:45 p.m. to award <br />th* sale of said bonds. [This meeting should be approximately 10 to 15 minutes. The City <br />COUncil has already scheduled the Comprehensive Plan Public Hearing for the same evening so it <br />an~cipated that it will not pose a problem having· a quorum for the award.] <br />C6mmittee~ Action: ~ ~,,~\~'J' ~C.[[f <br />R~ommend Council adoption Of the attached Resolution g95-O2-XXX Providing for the Issuance <br />and Sale of $2,600,000 General Obligation Tax Increment Bonds, Series 1995A; <br /> <br />R~commend Council calling for a special meeting on Tuesday, March 21, 1995 at 6.45 p.m. to <br />a~ard the sale of said bonds. <br /> <br />R~viewed By: <br />C~ Administrator <br />Finance Officer <br /> <br />FC: 2/28/95 <br /> <br />; <br /> <br /> I <br /> <br /> I <br /> I <br /> <br />I <br />I <br /> <br /> <br />