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Page 42 <br />City of #k <br />RAMSEY <br />half of the commitment must be paid in lump sum no later than August 31, 2017 and the second lump <br />sum payment paid no later than February 15, 2018. <br />As noted, this expense is already budgeted in the 2017 General Fund Budget. We will honor our <br />commitment as part of the 2018 General Fund Budget. Our community prides itself in our AA+ Bond Rating <br />and adequate fund balances in reserve accounts along with our Strategic Initiative of Financial Stability. <br />It is our mission to work together to responsibly grow our community, and to provide quality, cost-effective and efficient government services. <br />