Laserfiche WebLink
the NPV exceeds $1 the entity should pursue the alternative that generates the positive <br /> NPV. This analysis clearly demonstrates that there are significant financial benefits to <br /> utilizing current available resources to pay off the Loan. <br /> Finally, one factor that should be considered in the overall analysis is the availability of <br /> unencumbered funds to retire the Loan. The City has the cash readily available to pay <br /> off this obligation from the Non-Fire Retiree Medical Reserve currently at $30,852,522. <br /> There is also a Retiree Medical Trust of $9,553,581; bringing the total Non-Fire Retiree <br /> Medical Funds on hand to $40,406,103 as of June 30, 2011. It is recommended that a <br /> portion of the Non-Fire Retiree Medical Reserve funds ($7,840,285) be used to pay off <br /> the Side Fund Loan. <br /> Submitted by: /, ApprLovasi by: <br /> Emily Wagner Nelson Fialho <br /> Director of Finance City Manager <br /> Attachment <br /> 1. Resolution <br /> Page 4 of 4 <br />