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City Council Agenda and Packet 1992 04 21
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City Council Agenda and Packet 1992 04 21
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3/11/2021 1:47:04 PM
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1/15/2010 1:42:49 PM
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City Council Records
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City Council Packet
Signed Date
4/21/1992
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CCAGPKT 1992 04 21
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. <br /> � w � <br /> a�pacity in � tutur� by qoi�q <br /> t.brouqh th� 1►utharity. Z'b�r� didn't <br /> �a to b� �►nY r�san not to oo. M� <br /> oauld a�inta�ef tl�� saa� rah�dul• o! <br /> aonstruation. Toaa (Pt�az�� coald <br /> p�raMd vittr h�• part o! it. �rhich <br /> ir �p�r�in9 t.h� fon�y (att�r r� <br /> r�issd tt) . In Janwry ot tbi• <br /> yr�ar, l.A� City o! Loui�vill� sad� <br /> �or�ai appliaatl,on to tk� 7►uthority, <br /> to i�ru� th� bonds txuouqh tb� <br /> Authority to provid� th� C1,ty�• <br /> tin�ncinq. 11t that point it1 th� <br /> a�rk�t, 3o yu�r Tr�asury �otids rr�r� <br /> at a 7. 4�� and th� R�w�r►u� bond <br /> =nd�x, rhicA is an induc ot a nu�r <br /> o! tax •xa�pt rw�nu� band�, stood <br /> at 6. ���. ]1t ehat t1�, I��tiaat�d <br /> th�t i! r� r�r� �b�• to issu+� bond� <br /> �t that aat�nt, th� aasta would tuv� <br /> b��n �round d.4is. Bino� th�n, <br /> �ark�t rat�� hav iav�c! uo <br /> drw�ically. Th� �v�nu� �otid <br /> Ind�ac h�r co� up 34 la��ia points, <br /> thr ]0 y��r Tr�a���► borid� h�v� <br /> ri��n �6 bas3• point�, and tA� tru� <br /> int4r�at oo.ta on th� truu��cticn, <br /> Mh�C� is pr�s�nt�d to Council <br /> toniqh� tor lina! approv�tl, i• at <br /> 8.61�, vhioh !�s on�y 1T basis points <br /> �bov� wha� �+� h�d aoria�rvat�v�ly <br /> �stiauet�d in January. Th� total <br /> co��r ot fr�uane� tor th� <br /> tr�nsaction, which vh�n �qqr�qat�d <br /> tc►�� thar v! tb ]►von, er wh, �►t . <br /> Luptan, and LaBall�, turn�d out to <br /> ���1� � OOO � OOQ. �a �.5�� G= �.7;. <br /> TA� City o� Lduirv�ll,�'• vort.� �srs <br /> onix 2. �t, b�cour� th� �1uttY�rity <br /> actu�lly naku a•ub�iay to p�apia <br /> who qo t;irauqh it. =n dollus, th� <br /> tottl cost• o! is�uanc� tar td� <br /> �14,000,000.00 �a� �ix1S,QO4.Q0. Ot <br /> that, $39�,000,00 i� qo�nq to b� <br /> paid by aIi ot ttu i��u�r�. Th� <br /> dif��r�nc� is SiZ�,o00.00. �hat i• <br /> a�ubsidy t� th� �iv� unit� o! <br /> qov�sn�a�nt. Lauisv�ll��• spar� ot <br /> t:hat i• Za�,oao.00. �at can b. <br /> laolua upon as a dir�ct sub�l4y by <br /> th� Coiorado Nat� AuttwritY to th� <br /> City o! Laul�vill� to h�lp pay !ar <br /> �l <br />
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