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�; . ENHILLS <br /> MEMORANDUM <br /> DATE: March 29, 2010 <br /> TO: Honorable Mayor and City Council Members <br /> FROM: Sue Iverson, Acting City Administrator <br /> Finance Director/Treasurer <br /> SUBJECT: Bond Rating Upgrade <br /> Background The City has held a Bond Rating from Standard and Poors (S&P) of A+. S&P has <br /> reviewed the rating and has upgraded the City to an AA+rating. <br /> Council Action <br /> Jon North of Ehlers and Associates will be present at the meeting to present the rating to <br /> the City Council and to answer any questions and explain the new rating and its impacts <br /> to both the City Council and the public. Mr. North was previously a rating analyst for <br /> Moody's Investor Services. <br /> City Council Meeting <br /> \\Metro-inet.us\ardenhills\Admin\Council\Agendas&Packet Information\2010\3-29-10 Regular\Packet <br /> Information\B ond_Rating_Upgrade.doc <br /> Page 1 of 1 <br />