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FINANCIAL IMPACT: The financing will increase the debt of the County by $8.0 million. There <br />will not be a budget impact in the current fiscal year. Debt Service payments of $990,957 will be <br />due in fiscal year 2009-10. The tax rate impact in Fiscal Year 2009-10 is estimated at $0.0065 <br />and will reduce in future years. The Manager will include the amount necessary to pay the debt <br />in the Fiscal Year 2009-10 and future years through Fiscal Year 2023-24. <br />RECOMMENDATION(S): The Manager recommends that the Board conducts the public <br />hearing and adopts the resolution authorizing staff to complete the financing. <br />