HomeMy WebLinkAboutDecember 2, 2002 PR!
NE
MEMO NDU M
FRANK
BOYLES
TO:
SUBJECT:
November 26, 2002
MAYOR HAUGEN AND CITY COUNCILMEMBERS
December 2nd Work Session
As the City Council is aware, the first meeting in January is the Council's annual meeting.
Among other appointments at the annual meeting, the Council selects a Fiscal Consultant.
Steve Mattson has been the City's fiscal consultant for over 30 years. Recently, Steve
disassociated himself with Juran & Moody, and became associated with Northland Securities.
The staff believes that this is an opportune time to become more familiar with the
responsibilities of a fiscal consultant and the various kinds of public financing mechanisms
available to cities.
The Council directed that the staff solicit proposals from various firms for the January 2, 2003
meeting.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
OUTLINE OF DECEMBER 2ND PORIOR LAKE CITY COUNCIL WORKSHOP
COMPANY PROFILE - WHAT HAPPENED TO JURAN & MOODY
A. WHO WE SERVE - WHY WE HAVE LONG OUTSTANDING RELATIONSHIPS
II. FISCAL CONSULTANT RESPONSIBILITIES
III.
A. HELP THE CITY CAPTURE THE CAPITAL MARKETS WHEN THE CITY NEEDS TO ISSUE DEBT
B. WORK WITH THE CITY ON CAPITAL BUDGETS
C. MONITOR REFUNDING POSSIBILITIES
E. WORK WITH THE RATING AGENCIES AND BOND INSURERS ~. ~
F. CONTINUING DISCLOSURE WORK
G. ASSIST THE CITY WITH INVESTMENTS
PUBLIC SALE VS. NEGOTIATED SALE
A. PROS AND CONS OF THE PUBLIC SALE METHOD
B. PROS AND CONS OF THE NEGOTIATED SALE METHOD
IV.
CITY HALL FINANCING
A. VOTED ISSUE - PROS AND CONS
%
B. LEASE REVENUE ISSUE - PROS AND CONS~ _[ ~
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