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• Suggestions for a formal policy could be: <br /> 1) The first years interest costs be factored into the original project costs. <br /> By administering it in this fashion, the City does risk a fund shortage and <br /> first years interest earnings on all tax statements would be for exactly 12 months. <br /> 2) Since no interest charges are incurred until after November 30th, interest could <br /> commence December 1st for all projects. Tax statements would have 13 months <br /> interest on them for the first year. <br /> 3) First years interest charges could be locked at 15 months (three for the project year <br /> and 12 for the tax statement year) for all projects. <br /> • <br /> • <br />