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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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4/25/2019 5:09:19 PM
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BOCC
Date
5/2/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
6-a
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Agenda 05-02-2019 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 05-02-19 Regular Meeting
Minutes 05-02-2019 Regular Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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2 <br /> The 55-page Draft Preliminary Official Statement is available upon request from the County's <br /> Finance and Administrative Services staff. <br /> FINANCIAL IMPACT: There will be a financial impact in proceeding with the financing. At <br /> current rates, preliminary estimates of maximum debt service applicable to the capital <br /> investment projects and equipment financing would require the highest debt service payment of <br /> $1.7 Million in FY 2021. A portion of this debt financing is related to projects where the debt <br /> service payments will be paid from Article 46 Sales Tax and Solid Waste Program Fees. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the resolution <br /> authorizing the steps to proceed with the financing of the stated capital projects and equipment. <br />
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