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St. Anthony Public Facilities Funding <br /> (about .35%)than lease revenue bonds. <br /> 6. Authorization could be a referendum on one of the facilities only. <br /> Authorize 1. Bonds would need to be sold prior to June 1, 2003 or wait outcome of <br /> Lease legislative session which may or may not impact ability to sell bonds <br /> Revenue after June 1, 2003. <br /> Bonds 2. Residents may expect the opportunity to vote for major capital <br /> projects. Failure to provide that opportunity may have negative <br /> political impacts. <br /> 3. This option provides the opportunity to meet facility needs. <br /> Wait until 1. New legislation may impact ability to finance facility needs. <br /> after 2. May be able to utilize other financing techniques, pending the <br /> legislative outcome of the session and bond council review, such as G.O. Water <br /> session. and Sewer Bonds, and/or Capital Improvement Bonds. <br /> Defer 1. Provides opportunity to consider additional options. <br /> projects <br /> indefmitel . <br /> Page 5 of 5 <br />