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II. What are the advantages and disadvantages I. debt to be repaid <br />from TI ors. using a leery? <br />A. Advantages/Positives <br />1 . Certainty of funds <br />2. Lover interest rates <br />3. Avoid levy in ea dy years (2004 - ?) <br />4. Encourage program development because of availability of <br />funds <br />B. Disadvantages/Negatives <br />I Limitation on amount; levy raises substantially more <br />revenues. <br />2. Unnecessary interest cost; + years before available <br />revenues <br />3. Extend TI F District decertification date thus causing higher <br />levy in future years for all taxing jurisdictions. <br />4. Programs should be initiated on a cash flog basis <br />5. A levy offers broader options for program development; TI <br />revenges have numerous restrictions and rewire annual <br />reporting to o A <br />Compromise Proposal <br />A. Do 1. AB <br />B. Do levy for 2004 and 2005 <br />C. Determine if revenues available in 2006 should reduce levy <br />amounts or if the limitation or use of TI revenues will prevent or <br />iinhibit H A programs. <br />.IVVPDATAV%R EVAI.J.E91COMWEL.SCH KENNET JRC 02-COG <br />XIV!ctarial tt DeMRAITIF#12- HRA(JR 7i 3).d <br />0 Page 2 <br />