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implications to pay for this additional debt. He said the County may have to look at raising <br /> taxes to cover the debt in these latter years. He said though the capacity looks okay now the <br /> projected debt service payments going forward need to be studied closely. <br /> Commissioner Dorosin asked if these numbers include a potential bond. <br /> Paul Laughton said no. <br /> Commissioner Dorosin said as a bond could change the debt service picture in a <br /> negative way, he would like to see this information. <br /> Commissioner Jacobs said as the Board pursues the discussion of the bond package, it <br /> would be good to have a clear picture of the debt capacity so the Board can make informed <br /> decisions. <br /> Chair McKee asked for clarification regarding the projected annual debt. He asked if <br /> this pertained to affordability, and not capacity. <br /> Paul Laughton said yes. <br /> Chair McKee asked if the bond goes on the ballot and passes in 2016 when would the <br /> debt payments begin. <br /> Paul Laughton said the payments would begin one year after the first debt is issued. <br /> Adjournment <br /> A motion was made by Commissioner Rich, seconded by Commissioner Dorosin to <br /> adjourn the meeting at 10:12 p.m. <br /> VOTE: UNANIMOUS <br /> Earl McKee, Chair <br /> Donna Baker, Clerk to the Board <br />