Laserfiche WebLink
Options Advantages Disadvantages <br />• Nat Recognized in Debt Service <br />Requirements for City Rate <br />2 Term Options. 20 or 30 Year. <br />Setting <br />OWN <br />Group Secure CWCB Funding which <br />kU Subsidizes Lower Interest Rate <br />Leverage NCWCD Staff and <br />Expertise <br />Different Terms than 20 or 30 <br />Years if Desired <br />City Future Refinancing <br />Prepayment Option <br />• Cannot Refinance in the Future <br />• May Not Be Able To Prepay <br />• Limits Future Debt Issuance <br />Capacity <br />• ❑❑ Not Get CWCB Loan and <br />Subsidized Interest Rate <br />• Additional Finance Department <br />Administrative and Audit <br />Workload <br />There are many options and a decision will ultimately need to be made as to which the City will <br />need to move forward with under the guise of incomplete information given the various <br />requirements for timing of decisions. <br />Given the current best available information staff is recommending to take additional time by <br />signing the Contract under the understanding that there will be a period of time available prior to <br />finalization of the Contract to allow for an allottee to remove itself from Group Financing <br />considerations. Recognizing that Group Financing or Self Financing both offer advantages and <br />similarities, the decision to proceed with Group Financing provides the most flexibility as <br />additional information emerges, (further loan options, rates, etc.) and maintains all options while <br />still maintaining the opportunity to remove the City from Group Financing in the future. <br />17 12 <br />