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FUTURE BOND REFERENDUM <br /> i <br /> • If necessary, should come in 3 to 5 years <br /> • Timing is a financial management issue, not a legal <br /> issue <br /> • Judicious timing will permit County to <br /> ■ demonstrate success with our <br /> previous bond issue <br /> • solidify or improve our bond rating <br /> • Enhance our growing reputation for sound fiscal <br /> management <br /> • Allow ratios of debt capacity to improve before <br /> nett issue <br />