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Department Approval <br />�. � � <br />Item Description: <br />t�i � <br />� <br />REQUEST FOR COUNCIL ACTION <br />Date: 10/22/12 <br />Item No.: 12.b <br />City Manager Approval <br />Award the Sale of $17 Million in Bonds to Finance the Completion of a New <br />Fire Station and Continue Funding for the Park Renewal Program <br />BACKGROUND <br />On September 24, 2012 the City Council authorized the sale of $17 million in bonds to finance the <br />completion of a new fire station and continue funding for the Park Renewal Program. The sale of the bonds <br />is scheduled to take place via sealed bid on the morning of October 22, 2012 with the results of the sale <br />presented later that evening at the Council meeting. <br />POLICY OBJECTIVE <br />The issuance of bonds to finance the completion of a new fire station and continue funding for the Park <br />Renewal Program is consistent with the goals established by Imagine Roseville 2025, and prior Council <br />directives. <br />FINANCIAL IMPACTS <br />See attached. <br />STAFF RECOMMENDATION <br />At the City Council meeting, Staff will recommend the Council approve the attached resolution awarding <br />the sale of the 2012 Bonds. <br />REQUESTED COUNCIL ACTION <br />Motion to approve the attached resolution awarding the sale of the City's 2012 Bonds. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Resolution awarding the sale of the Ciry's 2012 Bonds. <br />Page 1 of 1 <br />