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The city is scheduled to have a bond rating call with Standard and Poors (S&P) on October 12, 2023. <br />Observations/Alternatives: <br />1. Motion to Adopt Resolution #23-231 Providing for the Sale of $8,640,000 General Obligation Bonds. <br />2. Motion to not Adopt Resolution #23-231. <br />Funding Source: <br />$7M of debt issuance will fund the COR area improvements and $1.453M of issuance will fund the 2024 Capital <br />Equipment expenditures as outlined in the 2024 General Fund Budget. <br />Recommendation: <br />Staff recommends option # 1 as the COR improvements have already been authorized by CityCouncil and the <br />$1.453M for capital equipment was supported as the funding source for the 2024 Capital purchases. <br />Action: <br />Motion to adopt Resolution #23-231 Providing for the Sale of $8,640,000 General Obligation Bonds, Series <br />2023A. <br />Presale Report <br />Reso #23-231 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 09/21 /2023 11:10 AM <br />Form Started By: Diana Lund Started On: 09/18/2023 01:28 PM <br />Final Approval Date: 09/21/2023 <br />