CC PACKET 11231993 - Laserfiche WebLink

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Profile of Current Debt Position The first step in the study is to profile the City's current debt position. This profile would include the following characteristics: 1. Outstanding debt by category; 2. Quantification of future debt service payments by category; 3. Quantification of repayment funding sources by issue and category; • special assessments • user fees • tax increment income, and • general property taxes 4. Estimate by issue of future cash flow of the debt service fund given the most likely revenue scenario; 5. Quantification of statutory debt limit capacity both current and future; 6. Statistical demographic analysis relating to credit rating; • trend in market values and tax capacity • population • income, age and housing profile Advance Refunding Advance refunding is the issuance of new debt, the proceeds of which are used to repay outstanding obligations. There are principally four objectives derived either singly or in combination from advance refunding: • Reduction of interest costs; • Restructuring of debt service to accommodate new estimated income;