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Consent: <br /> <br />A I)OPT REIMBURSEMENT RESOLUTION FOR NE/NW SEWER AND <br />WATERMAIN EXTENSION <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />Th<; City is currently in the process of acquiring easements for the NW Sewer and <br />Watermain extension. It is expected that the City will be bonding for the Sewer and <br />water extension in the Spring of 2006. The City needs to have a reimbursement <br />resolution in place that allows the City to reimburse itself with bond proceeds for any <br />costs that it has incurred prior to bond issuance. <br /> <br />Thc attached reimbursement resolution is identical to the reimbursement resolution <br />adopted in February that allowed the City to be reimbursed for costs associated with the <br />Municipal Center, AUAR roads, parking ramp and park and ride facility. <br /> <br />Rccommendation: <br /> <br />City Staff recommends adoption of Resolution #05-11-XXX allowing reimbursement of <br />costs related to the NE/NW sewer and watermain extension. <br /> <br />Council Action: <br /> <br />Motion to adopt Resolution #05-11-XXX Resolution Establishing Procedures Relating to <br />Compliance With Reimbursement Bond Regulations Under the Internal Revenue Code. <br /> <br />CC: 11/7/05 <br /> <br /> <br />