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<br />Memo <br /> <br />Date: <br />To: <br />From: <br /> <br />March 23, 2005 <br />Mayor, City Council & Staff <br />John W. Meyer - Finance Director <br /> <br />Subiect: <br /> <br />Joint Police Station Bond Sale Resolution <br /> <br />Attached is a resolution prepared by Steve Bubul to concur the City of <br />Centerville's obligation for the bonds issued by the City of Circle Pines to finance <br />the construction of the joint police station. One blank that will need to be filled in <br />is the actual bond face value to the City of Centerville. Thirty-five percent of the <br />issue ($827,750) is not a $5,000 denomination. Consequently, the face value <br />maybe $825,000 or $830,000. In addition, I am requesting that payments for this <br />issue be fifteen days prior to the coupon dates not monthly. <br />