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Agenda - 09-26-2013 - 3
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Agenda - 09-26-2013 - 3
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Last modified
6/11/2015 3:57:13 PM
Creation date
9/20/2013 4:32:28 PM
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BOCC
Date
9/26/2013
Meeting Type
Schools
Document Type
Agenda
Agenda Item
3
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Minutes 09-26-2013
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\Board of County Commissioners\Minutes - Approved\2010's\2013
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FINANCIAL IMPACT: There is not a financial impact with regards to the information being <br />provided. There will be a financial impact in future years as decisions are made to proceed with <br />funding and issuing debt for future County Jail and Middle School # 5 for CHCCS. <br />It is currently expected that both projects will be financed with the issuance of general obligation <br />or limited obligation bonds over a period not to exceed 20 years. At current municipal bond <br />interest rates, the total combined debt service is estimated to be $4.9 million annually. This <br />would represent 3.06 cents on the current property tax rate. <br />RECOMMENDATION(S): The Manager recommends that the Boards accept the information <br />and provide feedback and direction to staff. <br />
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