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Subject: Communication from the Finance Director requesting Brad Viegut of RW Baird and Company to appear before the Finance & Personnel Committee to discuss refunding of the 2010 Capital Improvement Note Anticipation Note issued this past Summer on July 27, 2010.
Recommendation of the Finance & Personnel Committee of 10-11-10: Authorization be granted to borrow sufficient funds to cover the 2010 Capital Improvement Projects.
Fiscal note: Note anticipation notes issuance of approximately $9,650,000 for 2010 CIP. Final debt amount will be determined by market conditions and total issuance costs.