The City will be bonding for the improvements at Armstrong Boulevard and Bunker Lake Boulevard in the immediate future.  Set bond sale will be brought to a future council meeting for approval.  This bond will be for the roadway improvements and utility improvements that relate to the Legacy Christian Academy and for the city's share of AUAR roadway improvements.  A special assessment bond will be issued for the school's share of cost and an MSA bond for the City's share.
 
As the city will be incurring costs on this project before bond funds will be received (which has a targeted August receipt of bond proceeds), the City needs to adopt a resolution that allows the City to repay itself from the future bond proceeds.  A resolution can be adopted no later than 60 days after the first construction payment.  The first payment is expected to be made in July.

Funding for improvements will be from future bond issue.