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I <br />I <br /> <br /> I <br /> <br />I <br /> <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br />City of Ramseyi Minnesota <br />February 23, 1995 <br /> <br />We recommend~ these bonds be offered for sale on Tuesday, March 21, 1995, with proposals <br />received at the ~ffices of Springsted Incorporated at 11:00 A.M. The results will be verified for <br />accuracy and pi"esented to the City Council for consideration of award at 7:00 P.M. that same <br />evening. <br /> <br />A bill limiting the uses of tax increment financing has been introduced into the State of <br />Minnesota HouSe of Representatives which, if enacted, would prohibit the City from issuing <br />these bonds. T.~e effective date of this proposed legislation is anticipated to be the day after <br />enactment. Tl~erefore, these bonds have been dated March 1, 1995, and the proposed <br />settlement date !(the date upon which the City receives the bond proceeds) is scheduled for <br />March 30, 1995.' <br /> , <br />Respectfully submitted, <br /> <br />SPRINGSTED Incorporated <br /> <br />PJP <br /> <br />Page 5 <br /> <br /> <br />