FINANCE & PERSONNEL
COMMITTEE
JAMES CARROLL
File #060996 is a substitute resolution authorizing sale and issuance and of general obligation bonds for parking lots and other parking facilities.
Capital Project Amount Deferred Mechanical Maintenance $100,000 Deferred Structural Maintenance $125,000 MacArthur Square Renovation $370,000 Total $595,000
Fiscal
Impact
Until the actual structuring of the
debt issue is determined by the Public Debt Commission, details relating to the
long-term fiscal impact will not be known. Depending on actual sale date in 2007, a
maximum of 6 months interest would be incurred during the year. If sold
after July 1, 2007, there would be no fiscal impact in
2007.
Cc: Marianne Walsh Prepared by:
W. Martin Morics November 22, 2006
Richard Li