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<br />maintenance financing plans. <br /> <br />Program 11.2 Establish cost-effective replacement and maintenance schedules. <br /> <br />Policy 12: Limit the use of debt so as not to place a burden on the fiscal resources of the City <br />and its taxpayers. <br /> <br />Program 12.1: Limit long-term borrowing to capital improvements or projects that <br />cannot be financed from current revenues. <br /> <br />Program 12.2: When capital projects are financed, amortize the debt within a period <br />not to exceed the expected useful life of the project. <br /> <br />Program 12.3: CA,",,-,pl (1" ulln..-lvv;",,,, applvn..J Ly tll~ City Cuum",;I, lilllit tin.. d~hllaL;u <br />(J""bl oualauh..""J by lit"" G"'II\...lal F UIIJ) Lv Hut IIIUH... LIlaH t"'lI P"-'I\",,",1I1 ~~t::lhli~h ') pe.rc:e.nt <br />::I~ ::In IIppe.T limit for the. Ge.ne.Tal Fund tip-h. ratio (anmml tip-h. ~p.rvic.p. h:u~h~ci hy the. <br />lip.nf~r::ll Fnnfl ::Ie;: ::I pp.TCp.nt of tot:11 Cip.m~r:11 Fllnci rp.vp.nm~) p.xcppt ::Ie;: othP.TWic;:p <br />dp.tp.rminp.cI hy the. rity ('clIInc:il. <br /> <br />Program 12.4: Investigate the use of special assessment, revenue, or other self- <br />supporting bonds to limit the General Fund obligation for debt service payments <br />whenever possible. <br /> <br />Program 12.5: Maintain strong communications with bond rating agencies about the <br />City's financial condition, and follow a policy of full disclosure on financial reports and <br />bond prospectus. <br /> <br />Program 12.6: Strive to maintain or improve the City's bond rating. <br /> <br />Program 12.7: Utilize inter-fund loans when possible to reduce the cost of financing <br />capital improvements. <br /> <br />Policy 13: Strive to maintain a diversified and stable revenue base that is not overly <br />dependent on any land use, major taxpayer, revenue type, restricted revenue, inelastic revenue, <br />or external revenue. <br /> <br />Program 13.1: C...laLli...ll all E\;UIIUIII;\; D~"dul'lIn.;lIl Shill,.;!;;\,. Flail vv)l;dl plvllluL",;:) a <br />J;V,",I"'~ li;;\,.UIIUllli", ba::'l~Pr()m()tp. ::I divp.rc;:p. p(':onomir. h::l~p. hy implp.mpntine: the. <br />Fc.nnnmic: nP.Vp.!npmpnt StrMp.eic: Pbn. <br /> <br />Program 13.2: Seek Federal and State grants and reimbursements for mandated costs <br />whenever possible. <br /> <br />Program 13.3: Avoid targeting revenues for specific purposes, whenever possible. <br /> <br />XI-8 <br />