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The issuance of Street Reconstruction Bonds (and a small percentage from special assessments) will fund the <br />Garnet Street and overlay improvements as outlined in the Long -Term Street Maintenance Program and the <br />2015-2019 CIP. <br />Recommendation: <br />Staff recommends Alternative # 1 as the issuance of debt follows the direction that City Council authorized as the <br />funding mechanism of how road reconstruction projects were to be funded (with a small portion funded via special <br />assessments). <br />Action: <br />Motion to Adopt Resolution #15-03-061 Providing for the Issuance and Sale of $1,235,000 GO Street <br />Reconstruction Bonds, Series 2015B, and Levying a Tax for the Payment Thereof <br />Presale Report <br />Five -Year Street Reconstruction Plan <br />Reso #15-05-130 Sale of GO Street Recon Bonds <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/21/2015 09:29 AM <br />Form Started By: Diana Lund Started On: 05/12/2015 10:35 AM <br />Final Approval Date: 05/21/2015 <br />