Resolution setting the date of sale of the General Obligation Improvement and Utility Bonds, Series 2026A, in the approximate amount of $14,620,000.

Adoption of the attached resolution.

• The 2026A Bond Issue will finance approximately seven (7) projects as well as various petition projects, resurfacing projects, and alley projects. 
• The estimated size of the Street Improvement Component of the Bond is $7,740,000.
• The estimated size of the Utility Component of the Bond is $6,880,000.
• The estimated True Interest Cost (TIC) is projected at 3.204%. 
• The term is 10 years.
• The date authorizing the sale is set for May 11, 2026.
• The date of sale closing is set for June 4, 2026.
• The projects included have been identified in the Capital Investment Plan for fiscal years 2025 and 2026.
• Resolution prepared by Bond Counsel, Taft Law.