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<br /> . .. <br /> CITY OF ARDEN HILLS <br /> . MEXIll\NIlUM <br /> DATE: July 8, 1992 <br /> 'IU: Mayor and Colmcil, catherine Iago, Fran Holmes <br /> ~@ Terry Post, TEmpOrary City Accountant <br /> SUBJEX::T : Revised city Hall/PUblic works Lease VB. G.O. Bond cash Flow <br /> Analysis <br /> Mr. Truszinski of Juran & Moody, Inc. prepared a cash flow analysis on May 25, <br /> 1992 that essentially highlighted the differences between financing a <br /> $2,000,000 Capital Project on a General Obligation Bond versus a Municipal <br /> Lease basis. <br /> Mr. Truszinski was asked to rerun the analysis using the following assumption <br /> changes : <br /> 1. ~ capital projects of two sizes - $2,000,000 and $3,000,000. <br /> . <br /> 2. ~ more representative market valuations of homesteads in <br /> Arden Hills were $100K, $125K and $150K instead of $60K, $75K <br /> and $100K. <br /> 3. ~ more representative market valuations of Commercial <br /> and Industrial Property were $200K, $500K and $1000K, instead of <br /> $100K, $250K and $500K. <br /> 4. Given knowledge of Arden Hills credit rating and recent <br /> changes in debt markets, use a more realistic coupon rate. <br /> The results of these revised analyses (see attached) are summarized <br /> below: <br /> ~ <br />