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z <br />FINANCIAL IMPACT: Other than the cast of advertising, there is no direct financial impact <br />associated with this agenda item. However, staff estimate that once the COPs are issued, <br />annual debt service payments will be in the range of $2..0 to $2.2 million, based on current <br />market conditions. These payments fall within the County's estimated debt capacity, which <br />strives to maintain total debt service payments at an amount not to exceed15% of annual <br />General Fund expenditures. This planned debt issuance was incorporated in the projections <br />that were provided to the Board at the retreat on Friday, January 20, 2006. <br />RECOMMENDATION(S): The Manager recommends that the Board: finalize the individual <br />project amounts for the Spring 2006 COPs issuance, based on discussions for an earlier <br />agenda item at this work session; approve the final text of the notice for the March 2, 2006 <br />public hearing; and authorize the Clerk to publish the public hearing notice. <br />