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09-06-2022 Council Work Session Packet
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09-06-2022 Council Work Session Packet
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Last modified
12/12/2022 6:50:26 PM
Creation date
9/7/2022 4:21:57 PM
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City Council
Council Document Type
Council Packet
Meeting Date
09/06/2022
Council Meeting Type
Work Session Regular
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Reimbursement <br />•Pay-as-you-go Note <br />•Project financed upfront by developer <br />•Developer is reimbursed over time <br />Upfront <br />•G.O. Tax Increment Bonds <br />•Can be issued without a referendum if tax increment contributes at least 20% of debt service costs <br />•Revenue Bonds <br />•For seasoned development with a “coverage” factor and/or guaranteed <br />•Interfund Loan <br />•Internal City funds used to finance costs <br />Common Methods for Financing Costs
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