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PROPOSED RESOLUTION AUTHORIZING THE COMPETITIVE NEGOTIATED SALE OF GENERAL OBLIGATION UTILITY REVENUE BONDS, SERIES 2026A
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This proposed resolution authorizes issuing and selling about $2.425 million in General Obligation Utility Revenue Bonds, Series 2026A, to fund the City’s share of MnDOT Highway 75 water and sewer replacement and issuance costs. The bonds will be sold via competitive negotiated sale with Northland as municipal advisor, secured by net water and sewer revenues with the City’s full faith and credit as backup. Proposals will be received by February 17, 2026, for consideration at the February Council meeting.