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RE �UEST FoR COUNCIL_ �cTION .......... <br />� AGEiVDA SECTION', ORIGINATING DEPT./DIV.'. <br />Reports & FeCGYirt ida.t101'LS AdIi! <br />dm�] <br />A NQ.: ITEM bESCfitPTIOM1i' <br />E-6 Sale of Bonds - Establish Dale <br />MEETING 9-19-77 <br />DATE . <br />DEPT. HEAD APPROVAL.. <br />R. RtVI EWER/ RECOMMENDS: <br />The City I s Berk. - Consultant , Mr, Popovich , has recomTended that. the council <br />establish Cctober ` 31, 1977, as the date for the sale of bonds to finance various <br />i local inprovenent projects. Bids will be award. at 7:30 P .M. , Octcber 31 <br />at the City mil,. <br />The posed offering would be for a permanent 20 yeaLrs bend ' issue . The City <br />has not sold local a r t binds since - 1.x-75 and the - proceeds. frcm this <br />issue- would be used. to finance nineteen water, sanitary sir, storm sewer and <br />street projects* <br />A presentAtion of will be made to the New York bond rating agencies in an <br />attempt to in prc a our currmt A -1 ody' s and + Standard and fir's bond ratings <br />Action Wiest tien adopting a.resolution provid,nq for <br />public sale of General T-krprovemnt Bends , <br />Series 9 , in the amount of $1,600,000 <br />