From:Jack Krasner
To:City Council
Subject:Lease revenue bonds
Date:Friday, May 3, 2024 1:32:38 PM
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Dear City Council:
Assumptions:
The full $48.5m is subscribed, an interest rate of 4.5% and annual interest approximately $2m.
Questions:
Is the plan to service the debt from parking fees?
If so, would that leave the city strapped for operating funds? Is the city eligible for state or federal grants?
Thank you for taking my questions.
Sincerely,
Jack Krasner