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2 <br /> If the Board adopts the attached resolution authorizing final approval for the financing, staff <br /> expects to price the bonds and to set the final interest rates and other terms of the financing on <br /> April 15, 2020 contingent on market conditions. <br /> FINANCIAL IMPACT: A preliminary estimate of maximum debt service applicable to the capital <br /> investment projects and equipment financing would require the highest debt service payment of <br /> $4.2 million in FY 2021-22. The tax rate equivalent for the estimated highest debt service payment <br /> is approximately $2.23 cents. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> ENVIRONMENTAL IMPACT: There is no Orange County Environmental Responsibility Goal <br /> impact associated with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board of Commissioners approve <br /> the final financing resolution authorizing the steps to proceed with the financing of the stated <br /> capital projects and equipment. <br />