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COUNCIL COMMUNICATION <br />TO: MAYOR AND CITY COUNCIL <br />FROM: MALCOLM FLEMING <br /> CITY MANAGER <br />DATE: APRIL 16, 2012 <br />SUBJECT: UPDATE FROM JIM MANIRE, BLX GROUP, LLC <br />CITY FINANCIAL ADVISOR <br />ORIGINATING <br />DEPARTMENT: FINANCE <br />SUMMARY: <br />Jim Manire, BLX Group, LLC, is scheduled to be in attendance to update the Finance <br />Committee on the City’s outstanding bonded debt, the current state of the municipal bond <br />market, and some possible refunding scenarios. <br />For the Committee’s reference, attached are some of the debt schedules that are provided in <br />the 2012 Operating & Capital Budget document. <br />SUBJECT AGENDA ITEM <br />UPDATE FROM FINANCIAL ADVISOR <br />APRIL 16, 2012 <br />6 <br />