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The economic benefit of the crossover refunding program is depicted on the attached analysis <br />prepared by Ehlers. Remaining principal and interest payments on the TIF portion of the bonds <br />totals $1,498,956.10. Savings in debt service costs are estimated at $83,000. Projected present <br />value savings are just over $75,000. This is achieved by the lower interest rates assumed for the <br />new issue that range from .9% to 2.3%. <br />Mark Ruff of Ehlers will be present at Monday's meeting to discuss this opportunity in greater <br />detail. Given the recent uptick in interest rates, we may look for authority to go to market at the <br />point we think offers us the greatest opportunity for savings. Mark can review that in greater <br />detail Monday evening. <br />