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Current Cost Savings for Call-in of Existing Debt: <br /> Existing Debt $ 2,756, 150 <br /> Final 2/1/90 Payment ($ 150,950) <br /> New Debt ($ 2 , 573 ,986) ** <br /> Gross Savings $ 31, 214 <br /> Revenues: <br /> Proceeds Interest $ 3, 610 1/16/90 through 1/31/90 <br /> investment earnings. <br /> Sinking Fund Interest $ 4, 089 <br /> TOTAL REBONDING SAVINGS $ 38,913 <br /> * Total cash outlay for rebonding is 2/1/90 principal and interest <br /> payment. <br /> ** These costs are part of the new debt. <br /> Call in Premium ($ 31, 000) <br /> Premium Discount ($ 12,920) <br /> Financial Advisor ($ 12, 300) Springsted • <br /> Registrar ($ 625) <br /> Bond Counsel ($ 3 ,500) <br /> Rating Agency ($ 3, 500) Moody's <br /> Statement Printing ($ 1, 000) <br /> Bond Printing ($ 625) <br /> Publications ($ 375) <br /> Miscellaneous ($ 325) <br /> Recommendation <br /> Council call the 194 through 198 debt, set the sale date and <br /> conduct a special H.R.A. Council Meeting (December 18, 19, or 20 to <br /> comply with publications requirements) to sell the new bonds. <br /> Mr. Thistle will be present at this meeting with the proper <br /> resolutions and paperwork to initiate the process. <br /> At the time of this printing, the report from Springsted will not <br /> be available until Monday, November 26th. <br />