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MEMO <br /> DATE ; June 5, 1998 <br /> TO Honorable Mayor and Council <br /> FROM : Jim March <br /> RE Appearance of Carolyn Drude <br /> Carolyn Drude (Financial Advisor from Ehlers and Assoc.) will be <br /> present to discuss three items. The first item will be the bond <br /> issuance for the 20th Avenue sewer and water extension project. <br /> Included in your packet is the relevant information from the <br /> Official Statement for this bond issuance. <br /> The second item Carolyn will address is the refunding of the 87 <br /> street bond. I have asked Carolyn to draft a proposal form that <br /> we could submit to Firstar. I reported the potential savings to <br /> the City on this subject in my "Week in Review" issue #61. We <br /> have a great opportunity to work with the local bank to reduce <br /> the interest that we are paying on this bond, to eliminate the <br /> fiscal agent fees that we are currently paying, as well as save <br /> the bond issuance costs if we were to solicit new proposals in <br /> the open market. <br /> The last issue Carolyn will comment upon will be the timing for <br /> bonding the Parkview Development. This bond issuance will <br /> include the costs for looping the watermain to the senior housing <br /> site as well as a extension to Center Street, An assessment <br /> hearing will have to be held after we receive the bids for this <br /> project. <br />