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FISCAL IMPACT <br /> <br />The final cost to the City to sell the Pleasanton VLF Receivable will not be known until the date <br />of the sale (it is dependent on market factors and the total number of participants). The attached <br />Resolution and the Purchase and Sale Agreement, however, set a minimum price of $1,022,000 <br />(90% of the Pleasanton VLF Receivable). If this is not achievable, the City will not be included <br />in the sale. Staff estimates investment earnings on the reduced Pleasanton VLF Receivable will <br />generate approximately $50,000 over the next eighteen months, mitigating the reduction. It is <br />important to note that these dollars are part of the planned funding for the General Fund in the <br />coming two-year budget, and do not represent new dollars in the financial planning process. <br /> <br />-~n~'~ ~'Respectfully Submitted, <br />Susan Rossi Nelson Fialho <br />Director of Finance City Manager <br /> <br /> SR:05:059 <br /> <br /> <br />