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City of Ramsey AA+ Bond Fall Water Main <br />5DWLQJ6WURQJO\5HDIÀUPHGFlushing in October <br />ăFDJUZPG3BNTFZ6UJMJUZ <br /> Standard & Poor’s, one of the nation’s top credit ratings <br />Department will be doing their <br />BHFODJFT <br />IBTSFBċSNFEUIFDJUZPG3BNTFZT"" <br />CPOESBU <br />TFNJBOOVBMĔVTIJOHPGXBUFS <br />JOH <br />UIFTFDPOEIJHIFTUSBUJOHBWBJMBCMFăFQPTJUJWFSBUJOHJT <br />mains beginning Monday, Octo- <br />BNFBTVSFPGUIFDJUZTTUSPOHđOBODJBMQSPđMFBOEFOBCMFTUIF <br />ber 7 through October 25. <br />city of Ramsey to obtain lower interest rates when borrowing <br /> Please be aware that this <br />funds for improvement/capital equipment needs. <br />ĔVTIJOH <br />XIJMFOFDFTTBSZ <br />XJMM <br />*OSFBċSNJOHUIF"" <br />SBUJOH <br />4UBOEBSE1PPSTTUBUFE <br />create a disturbance in the system causing low <br />UIBUUIFDJUZPG3BNTFZIBTBiWFSZTUSPOHđOBODJBMQPTJUJPO <br /> <br />pressure. It may also discolor your water due to <br />highlighted by the maintenance of a very strong general fund <br />JSPO <br />CVUJUJTđUGPSIVNBODPOTVNQUJPO*UNBZ <br />CBMBODFBOECBDLFECZTUSPOHDJUZđOBODJBMNBOBHFNFOUQSBD <br />stain clothes that are being washed, so to alleviate <br />tices; strong income and wealth indicators with the median <br />UIJTQSPCMFN <br />ZPVNBZXBOUUPđMMZPVSXBTIFS <br />Ramsey household having buying income levels at 140% of the <br />with water and check on its clarity before adding <br />state level; moderate overall debt burden at $2,334 per capita; <br />your clothes. <br />and the city of Ramsey’s participation in the Twin Cities <br /> We appreciate your patience and regret any <br />economic base with the city of Ramsey’s population increasing <br />inconvenience this may cause. If you have any <br />27% during the 2000’s.” A full copy of the Standard & Poor’s <br />questions or comments, please contact Utility <br />report supporting the AA+ rating can be found on the city’s <br />Supervisor John Nelson at 763-433-9861 or jnel- <br />website at: http://www.ci.ramsey.mn.us/node/993. <br />son@ci.ramsey.mn.us. <br /> One of the major factors in determining the city’s bond <br />SBUJOHJTJUTDVSSFOUđOBODJBMQPTJUJPO"OOVBMMZ <br />UIFDJUZJTSF <br />quired to prepare a Comprehensive Annual Financial Report <br />(CAFR) that provides an overview and analysis of the city’s <br />đOBODJBMBDUJWJUJFTGPSUIFSFTQFDUJWFZFBS'SPNUIJTEPDV <br />ment, Standard & Poor’s noted the city’s strong general fund <br />balance which represents the ability of the city to fund its <br />CBTJDPQFSBUJPOT QPMJDF <br />đSF <br />JOTQFDUJPOT <br />BENJOJTUSBUJPO <br /> <br />FUD <br />GPSUIFGPMMPXJOHZFBSăF.BOBHFNFOUT%JTDVTTJPO <br />and Analysis Section of the CAFR provides a brief overview <br />PGUIFđOBODJBMBDUJWJUJFTPGUIFDJUZ"DPQZPGUIFDJUZPG <br />Ramsey’s 2012 Comprehensive Annual Financial Report <br />(CAFR) can be found on the city’s website at: http://www. <br />DJSBNTFZNOVTTJUFTEFGBVMUđMFTEPDVNFOUT'JOBODF <br />CAFR/2012-CAFR_FINAL.pdf. <br /> According to the Standard & Poor’s report (dated July <br /> <br /> <br />UIFDJUZPG3BNTFZTđOBODJBMQPTJUJPOJOUIFOFBS <br />future appears positive. Standard & Poor’s cites the follow- <br />JOHPVUMPPLiăFTUBCMFPVUMPPLSFĔFDUTPVSFYQFDUBUJPO <br />UIBU3BNTFZXJMMNBJOUBJOJUTTUSPOHđOBODJBMSFTFSWFT <br />Given the current economic environment and projected re- <br />serve levels, we do not anticipate changing the rating within <br />a two-year outlook horizon.” <br /> For more information regarding the AA+ Bond Rating, <br />QMFBTFDPOUBDU%JBOB-VOE <br />'JOBODF0ċDFS <br />BU <br />9847 or dlund@ci.ramsey.mn.us. <br />September/October 2013 • Ramsey Resident 5 <br />