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f <br /> Advantages of Staggering <br /> Issue Dates <br /> it Earlier issuance of alternative financing <br /> allows County to take advantage of being <br /> "bank qualified" and offers opportunities to <br /> obtain lower interest rates <br /> it Later sale of bonds allows County to "piggy <br /> back" refinancing of outstanding 1988 bonds <br /> and realize an annual savings of about <br /> $120,000 in interest expenses <br /> Alternative Financing Proposal <br /> December 2002 <br /> June 24, 2002 September 3, 2002 <br /> Proposal Proposal <br /> OCS Addition to Board $1,650,000 $0 <br /> of Education (to <br /> relocate cenbal ofike <br /> Staff from MI&bomogh <br /> Elementary(MRS)to <br /> Cameron Street and allow <br /> for expensfon ofHES <br /> OHS Renovations $950,000 $950,000 <br /> Conservation Easements $1,000,000 $1,000,000 <br /> Community College $1,000,000 $1,000,000 <br /> Satellite Campus <br /> Orange Enterprises $525,000 $5251 <br /> Addition <br /> 3 <br />