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FINANCIAL IMPACT: This $9,000,000 financing is a part of the debt issuance schedule and is <br />already included in staffs calculations related to debt capacity. As mentioned above, the current <br />plans are to acquire short term bank financing and to combine it into a larger COPS issue at a <br />later date. Interest during the short term is expected to be in the range of $160,000 to <br />$180,000, <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the accompanying <br />resolution related to the Local Government Commission financing application, <br />