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2004_0719_Packet
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2004_0719_Packet
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The use of revenue bonds is an extremely important tool. More costly and <br />complex projects require large infusions of capital and revenue bonds can assist <br />with raising the capital. <br />As a practical matter, a city nay wish to issue a limited amount of G.O. bonds, but <br />may be willing to issue a substantial amount of revenue bonds. This combination <br />of revenue and general obligation debt is a model many cities use for their <br />redevelopment activities. It is reasonable to have developers advance most of the <br />initial costs. However, they have limited capacity to hold debt and are willing to <br />do this provided their holding costs are not excessive and there is an ability to cash <br />out, within a relatively short period of time, with the issuance of a combination of <br />revenue and general obligation debt. <br />�0#�4 <br />
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