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Utility Committee Agenda and Packet 2020 09 08
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Utility Committee Agenda and Packet 2020 09 08
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9/14/2020 12:20:16 PM
Creation date
9/9/2020 3:31:22 PM
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City Council Records
Meeting Date
9/8/2020
Doc Type
Boards Commissions Committees Records
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Windy Gap Firming Project <br />Funding Summary <br />Group Financing <br />City Financing <br />Comments <br />Terms available <br />20 or 30 <br />20 or 30 <br />Both term options are being <br />discussed <br />Operating Reserve Fund (1.2) <br />Same <br />Same <br />Anticipated to fund near the <br />end of construction (4+ years) <br />Capital Fund (Revenue 8.6 or Escrow <br />Same <br />Same <br />$600M Total, $18.9M Louisville <br />7 4) <br />Debt Service Funding (8.2.2) <br />$75k <br />$150k <br />Debt Service Funding Reserve (8.2.3) <br />TBD <br />N/A <br />Liquidity Fund (8.4.1) <br />z $300k <br />N/A <br />30% of maximum annual <br />payment (Updated) <br />Subordinate Loan Lien Funds (8.2) <br />z $10k / yr <br />N/A <br />Example Cost with 20 year term <br />z $19.2M <br />z $19.2M <br />20 <br />
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