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PROPOSED RESOLUTION
RESOLUTION ACCEPTING OFFER ON THE SALE OF $4,200,000 GENERAL OBLIGATION TAX ABATEMENT BONDS, SERIES 2024A, PROVIDING FOR THEIR ISSUANCE AND PLEDGING TAX ABATEMENTS AND LEVYING A TAX FOR THE SECURITY AND PAYMENT THEREOF
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This proposed resolution provides the final authorization to issue general obligation improvement bonds to fund the renovation of the City-owned building to be used as a Childcare Center. Financing proposals will be received on Tuesday, February 27 and the details of the proposals will be presented to the Council by George Eilertson, Northland Securities.
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City Administrator Recommendation: City Council Adopt a Resolution Accepting Offer on the Sale of $4,200,000 General Obligation Tax Bonds, Series 2024A, Providing for their Issuance and Pledging Tax Abatements and Levying a Tax for the Security and Payment Thereof.