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CONSENT ITEM - 8D <br />,!Tt <br />-t4 LI��EN_ HILL5 <br />MEMORANDUM <br />DATE: April 28, 2025 <br />TO: Honorable Mayor and City Councilmembers <br />Jessica Jagoe, City Administrator <br />FROM: Joua Yang, Finance Director <br />SUBJECT: Resolution Authorizing the Issuance and Awarding the Sale of 2025A General <br />Obligation Capital Improvement Plan (CIP) Bonds <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Council Should Consider <br />Motion to adopt the attached Resolution 2025-037 awarding the Sale of General Obligation <br />Capital Improvement Plan (CIP) Bonds, Series 2025A. <br />Background <br />On March 10, 2025, City Council approved Resolution 2025-028 Approving the 2025-2029 <br />Capital Improvement Plan and Approving the Issuance of Capital Improvement Plan Bonds not <br />to exceed $4,680,000 to finance the City's proportionate share of the construction and equipping <br />of a new fire station within the City. <br />Based upon the project's final construction bids, the City's final proportionate share has been <br />reduced to $3,080,000. Ehlers & Associates will solicit proposals for the sale of the bonds on <br />April 28, 2025 at 10:30 AM., C.T. The lowest bid is recommended to the Council for approval. <br />Attachment <br />Attachment A: Resolution 2025-037 <br />Page 1 of 1 <br />