RES 89314 - Laserfiche WebLink

phases, and projected operation and maintenance costs; o proposed agreements between the City and the Pleasanton Unified School District for the construction and use of City's gymnasium facilities; o sources and estimated amounts of current and future City revenues and funds that may be available to pay cash flow needs of projects on a pay-as-you-go basis during the design and construction phases, including redeployment of reserves, inter-fund temporary loans, and reservation of future revenues and fees for CIP Project purposes; and, o alternative financing mechanisms, other than pay-as-you-go, which are available to the City to fund all or a portion of the costs of CIP Projects, including lease purchase, the issuance of short-term and/or long-term tax exempt securities, procedural and institutional requirements for their use, associated financing costs, annual revenue requirements for debt service and their impact on the City's financing capabilities. (3) Based on the foregoing analyses and consultations, develop and present to City' staff and its architect/engineering consultants relevant financing inputs which summarize: o estimated cash flow requirements for each CIP Project; o available City funds and revenues which may be available to pay all or a portion of the costs of each CIP Project; o the estimated amount and timing of short-term and/or long-term borrowing that may be required to fund completion of each CIP Project as currently designed and scheduled for completion; and, o the estimated impact on the City's finances and revenue sources to secure repayment of short-term and/or long-term indebtedness that may be incurred by the City. (4) Prepare a Preliminary Financing Plan Report for review by City Council, City staff, legal counsel and architectJengineedng consultants. The Preliminary Financing Plan Report will: o discuss and document the findings and conclusions of prior analyses and consultations; o evaluate the City's financing capabilities and the extent to which funding requirements of CIP Projects may be met from existing funds, current revenues, reserves, and/or borrowed funds; o identify and evaluate the comparative advantages and disadvantages of alternative financing mechanisms available to the City to meet CIP Projects funding needs, if any, from borrowed funds; o recommend specific short-term and/or long term debt instruments most suitable to the City to obtain funds when they are needed and at the most economical borrowing costs; o discuss structural features of debt instrument issues, reserve requirements, capitalized interest (if any), flow of revenues, and revenues pledged by the City to pay debt -2-