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02 - Government Drive Project
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08-30-2011 Special Council Meeting
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02 - Government Drive Project
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8/30/2011 <br />Assumptions <br />• $500,000 cash in the Street Reconstruction Bonds <br />— Required to pay aesthetic and other costs <br />• No cash in the Tax Abatement Bonds <br />— Not precluded from putting cash in <br />• Utility portion financed by GO Utility Rev Bonds <br />— Debt for this portion serviced by Utility Revenues <br />• Remaining portion financed by either Street Recon <br />Bonds or Tax Abatement <br />— Debt for this portion serviced by general levy <br />8/30/2011 <br />Street Reconstniction Sunn-nary <br />• $805,000 Street Reconstruction Bonds <br />• $480,000 Utility Revenue Bonds <br />• $500,000 Cash <br />• Finances total project costs of $1,785,000 <br />• Par Amount of Bond Financing is $1,285,000 <br />8/30/2011 <br />
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