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rating that was originally obtained in November 2009 (second highest rating available). In S&P's rating report they noted the city's strong reserves, liquidity, strong management conditions pertaining to strong financial policies and practices and adequate debt. The AA+ rating allows the city to obtain a lower interest rates on the current bond issues and on future debt issuance for improvement/capital equipment needs. Attached to the Weekly Update is the S&P full report. Pre -Construction Meeting for Brookfield 6th Addition. The Developer of Brookfield 6th Addition (Brookfield Land, LLC/Capstone Homes) held a Pre -Construction Meeting on May 28. Construction is anticipated to commence in the next one (1) to two (2) weeks with public infrastructure substantial completion in ten (10) to twelve (12) weeks. The Developer still needs to execute the Development Agreement and place required financial sureties. Pre -Construction Meeting for Country Club Hills. The Developer of Country Club Hills (US Home Corporation dba Lennar) held a Pre -Construction Meeting on May 28. Tree clearing is anticipated to begin as soon as staking and tree save fence installation can be completed Construction is anticipated to commence in the next one (1) to two (2) weeks with public infrastructure substantial completion in fourteen (14) to sixteen (16) weeks. The Developer still needs to execute the Development Agreement and place required financial sureties. Alpine Drive Railroad Crossing Quiet Zone to be Established June 9th The Alpine Drive railroad crossing is scheduled to officially become a quiet zone on Tuesday, June 9th. This means trains will no longer routinely sound their horns every time they cross Alpine Drive. Instead, trains will only sound their horns in emergency situations such as when pedestrians or other hazards are close to or on the tracks. Before June 9th the City will install signs on both sides of the crossing to warn drivers that trains will no longer routinely sound their horns. CommonBond Communities Submits Application for Building Permit for Sunwood Village. The City received an Application for Building Permit for Sunwood Village. Staff will begin reviewing the Building Permit parallel to preparation for the real estate transaction to be scheduled for a future date. PSD Land Transaction Closed. On Thursday, May 28, the Purchase Agreement between the City of Ramsey and PSD LLC dated January 14, 2015 was officially closed. PSD LLC is now the official owner of Outlots A and B of Ramsey Town Center 11 Addition. PSD LLC anticipates developing their new, roughly 15 -acre, property in phases. Phase one, a 121 -unit market -rate apartment complex abutting The Draw, is set to begin construction this summer and is targeted for completion by fall 2016. Attached to the Weekly Update are Plans for PSD, LLC Parkview East Apartments. Bark For Life at The Draw, Sat. June 6. Bark For Life adds a new twist to American Cancer Society's Relay For Life serving as a fundraising activity to honor the caregiving qualities of canine companions while supporting the American Cancer Society mission. Bring your canine friend(s) to The Draw located within The COR at Ramsey on Saturday, June 6, 2015 at 10:00 am for a fun - filled morning starting with a one mile (non-competitive) walk and continuing with games, demonstrations and vendors. Attached to this Weekly Update is a Bark for Life Event Flyer. Our Mission: To work together to responsibly grow our community, and to provide quality, cost-effective, and efficient government services