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requirement and makes the determination to proceed with this financing, authorizes staff to <br />execute necessary documents related to the financing, and authorizes the Finance OfFcer to <br />complete the closing. <br />FINANCIAL IMPACT: The financing will increase the debt of the County by $1,191,638. There <br />will not be a budget impact in the current fiscal year. Debt Service payments of $953,310 will be <br />due in fiscal year 2009-10, of which $276,460 will be paid by the General Fund and $678,850 <br />will be paid by the Solid Waste Fund. The tax rate impact in Fiscal Year 2009-10 is estimated at <br />$0.0018 and will reduce in future years. The County Manager will include the amount <br />necessary to pay the debt in the Fiscal Year 2009-10 and future years through Fiscal Year <br />2013-14. <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the resolution <br />authorizing staff to complete the financing. <br />