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that will offer the best opportunity for mutually beneficial developments between the <br />private and public sectors. <br /> <br />4. Financing Options for City and County Infrastructure. We are working with city and <br />county staff to find the low cost debt to finance infrastructure. One possibility is a <br />state loan program for roads called the Transportation Revolving Loan Fund. It is a <br />loan program for state aid roads with a subsidized interest rate of 1% and a term of as <br />long as 15 to 20 years. There is also the option for the City to lower its rates slightly <br />for utility debt through a state credit enhancement program. These bond issues will <br />not occur for 18 to 24 months. Interest rates for municipal bonds are very low right <br />now with 10 year debt under 2%. Part of the financial modeling will be the ability to <br />minimize the need for debt through the developers financing some of the road and <br />utility improvements and through early land sales. <br /> <br />We look forward to further discussions on these issues. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />