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1. . What is the relative reinvestment interest rate market now versus waiting? (Usually <br /> higher interest rate markets are more advantageous for defeasance.) <br /> 2. What is the current cash position of the debt service fund and what are the forecasted <br /> receipts in the near and intermediate term? <br /> 3. What are the priority expenditure areas for which funding can be provided, and what is <br /> the timeline for funding? <br /> 4. If defeasance occurs now, will the available funding be used on low priority projects? <br /> Defeasance is normally not something to be rushed into for it presents a singular opportunity to <br /> make funding available for priority needs. <br /> As part of- the. debt study, we would evaluate those debt service funds which could be <br /> candidates for defeasance. We would profile these funds for likelihood of defeasance, estimate <br /> the funding availability given defeasance, and perform a sensitivity analysis to show how <br /> changes in interest rates would affect the level of surplus funding. <br /> Annual Debt Service Option Analysis <br /> Based upon several optional annual debt service tax levies utilizing accumulated data in the <br /> study assist council and staff in developing debt management policy. <br />