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TO,: Ci ty u, 'err 16 1 <br />FROM: J im Ands' <br />SUBJEC'T,,-.l interest on Debit Cert if I'Lcates (Fire Vehicles <br />At the last Council melieliting, theirel, were quest ions on the cost <br />I <br />effect of' ilssuing debt certificates to finance fire fighting <br />vehilclels, . <br />Tom Dean (filsical aldvisor') indicated debt certificates can bz <br />,iss,uelld for a term not to exceed 5 years. Interest rates ar,,,.- <br />curriently carrying an 8% - 91% y1eld. <br />I <br />v'M.und, Finance Director <br />