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2 <br /> FINANCIAL IMPACT: There is no financial impact related to this action. However, there will be <br /> a financial impact in proceeding with the financing. A preliminary estimate of maximum debt <br /> service applicable to the capital investment projects and equipment financing would require the <br /> highest debt service payment of $3.2 million in FY 2020-21. The tax rate equivalent for the <br /> estimated highest debt service payment is approximately 1.7 cents. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board conduct the public hearing <br /> and adopt the resolution supporting the application to the Local Government Commission for <br /> approval of the financing. <br />