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06-13-2005 RMIC RPT 01
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6/23/2008 9:29:44 AM
Creation date
6/10/2005 11:30:20 PM
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General
General - Type
City Council Reports
General 2 - Date
6/13/2005
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Council Memorandum · Page 2 <br /> <br />FISCAL IMPACT: <br /> <br />It is believed the proposed transaction will generate moro than $100 milli <br />life of the COP's. Total debt service over the life of the COP's will be ap <br />will be paying $29 million of that total through the special taxes levied ag <br />be the difference, approximately $14 million. <br /> <br />ALTERNATIVES: <br /> <br />The Board ,could choose not to authorize the execution of the various <br />of the COP s. However, for the project to proceed as the City Council <br />COP's to fund the public improvements is necessary. <br /> <br />Prepared by: <br /> <br />Chief Financial Officer/Treasurer <br /> <br />Approved to f <br />GRE)~F <br />City Attorney <br /> <br />:IAMOS <br /> <br />Attachments: <br /> <br />2n of incremental sales tax over the <br />)roximately $43 million. GGPFFyler <br />]inst the CFD. The City's share will <br /> <br />;Ireements required for issuance <br />as directed, the issuance of <br /> <br />~)y: <br /> <br />Resolution of the Riverside Municipal Improvements Corporation Autho <br /> Delivery of a Lease Agreement, a Trust Agreement and other various <br />Preliminary Official Statement <br />Bond Purchase Agreement <br />Lease Agreement <br />Trust Agreement <br /> <br />izing Execution and <br />agreements <br /> <br />1-2 <br /> <br /> <br />
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