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<br />. .. <br /> CITY OF ARDEN HILIB <br />. MEH:lWIDUM <br /> DATE: June 26, 1992 <br /> TO: Mayor and COlmCil <br /> FRCH: @ Terry Post, Tellp:>rary city 1loOOUntant <br /> SUllJEX:T : city Hall/Public WOrks Project FUnding Alternatives <br /> Enclosed is a 5/27/92 letter from Juran & Mocdy, Inc. that provides an <br /> overview of the differences between financing a municipal project on a <br /> general obligation b:md versus a lease-purchase agreement basis. <br /> The key financial difference in the analysis appears to be the fact that <br /> homestead properties would pay approximately 80% Irore under a general <br /> obligation bond scenario than with a lease financing alternative. <br /> I believe the Finance Calmnittee members found the material to be useful <br /> and provide it to Council for general background purposes. <br />. <br />. <br /> (f{" f!..v,.'~I&L <br /> l' ,j. ~ '~ <br /> >'~ '^"", {('- <br /> ~<;'):!):~.. 2&-1;2 <br />