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Subject: Communication from the Finance Director requesting to appear before the Finance & Personnel Committee to discuss borrowing for the 2008 Capital Improvement Projects. (Res.08-0902)
Recommendation of the Finance & Personnel Committee on 06-09-08: Authorization be granted to borrow sufficient funds to cover the 2008 Capital Improvements Projects.
Fiscal Note: Note Anticipation Notes issuance of approximately $7,600,000 for 2008 CIP. Final debt amount will be determined by market conditions and total issuance costs.