Resolution approving the sale of the General Obligation Improvement and Utility Bonds, Series 2023A, in the approximate amount of $4,610,000.

Adoption of the attached resolution.

• The 2023A Bond Issue will finance approximately three (3) projects as well as various petition projects, resurfacing projects, and alley projects. 
• The estimated size of the Street Improvement Component of the Bond is $3,115,000.
• The estimated size of the Utility Component of the Bond is $1,495,000.
• The estimated True Interest Cost (TIC) is projected at 3.325%. 
• The term is 10 years.
• The projects included have been identified in the Capital Investment Plan for fiscal year 2022.
• Bond issuance includes all capitalized interest and Bond issuance costs.
• The bid Tally Sheet (prepared by Baker Tilly) will be provided prior to the meeting.