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10KEQ1EST FOR COUNCIL ACTION DATE: 12iiiiiiiiiiiiiii02-85 <br />ITEM NO <br />6 <br />Die'artme,n't Approval: Manager Reviewed,: Agenda Sect 0 <br />P ion . <br />A <br />Item, Description: Publi,c Sale of General Obligation Tax Increment Bonds ma and, Geineiral Obligat "lion Statie-Aid Highway Bonds - EstablIsh Date <br />'The salle includes two series of bonds. Series I includes the <br />a <br />bridge projiect and five priviate projects (Rosepointe, Berger <br />Tranisfer,,i Rosedale Plaza, Lido., Villa, Park),, in the amount of <br />$ 161 52 5 jr Oi 0 10 *1 <br />Series II includes the, Woodbridge project in the amount of <br />$8,,335,000.1 This amount could be as low as $7,100,000 depending <br />on, the interest rate bid. This project was placed 'in a separate <br />series, because of the uncertainty of 'unresolved issues relatin,,I; <br />to thJs proiject,.i <br />1.1 Motil"on adimiting a resolution piroviding for the public <br />sale of $16,525,000 in General obligation Bonds <br />I - <br />consisting oif �$1,4,,300,000 General Obligation Tax <br />,Increment Bonds Series I and, $2,225,000 General <br />Obligation State Aid Highway Bonds. <br />