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Subject: Communication from the Director of the Finance Department requesting to discuss the bond issue to cover the 2007 Capital Projects.
Recommendation of the Finance & Personnel Committee on 06-25-07: Authorization be granted to borrow sufficient funds to cover the 2007 Capital Improvement Projects.
Fiscal Note: Note Anticipation Notes issuance of approximately $7,500,000 for 2007 CIP. Final debt amount will be determined by market conditions and total issuance costs.