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With the adoption of the attached Resolution the EDA will be authorizing the execution <br />and delivery of a ground lease agreement and a lease agreement between the EDA and <br />thc City o f Ramsey, and an Indenture of Trust between the EDA and US Bank who will <br />be acting as Trustee of all bond proceeds. It should Be noted that all of these documents <br />have been prepared and reviewed by Briggs and Morgan, which is the City's Bond - <br />Council, reviewed by the City's Financial Consultant and forwarded to the City's <br />a~torn~y tbr review. <br /> <br />Attached to this case is a Memo by Jim Gromberg stating his position on the Bond issue. <br /> <br />EI)A Action: <br /> <br />Motion to authorize the adoption of Resolution #05-05-XXX authorizing the issuance of <br />$19,200,000 Public Project Lease Revenue Bonds, Series 2005A and the execution and <br />deli very of a Ground Lease Agreement, a Lease Agreement and an Indenture of Trust. <br /> <br />5~24/05 <br /> <br /> <br />