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Subject: (Direct Referral) Communication from the Finance Director requesting to have a representative from Robert W. Baird & Company appear to discuss issuing note anticipation notes to fund the budgeted 2014 Capital Projects and possible refunding of prior issues. (Res. No. 14-0343)
Recommendation of the Finance & Personnel Committee on 7-21-14: Approve the issuance of note anticipation notes to fund the budgeted 2014 capital improvement projects and equipment replacements.
Fiscal Note: CIP borrowing at $9,200,000 and equipment replacement of $2,000,000; total borrowing of $11,200,000.