RES 86347 - Laserfiche WebLink

Co) potential sources of funds to meet capital funding requirements including the availability of reserves, the accumulation of funds during the design and construction phases, and/or proceeds from the sale of evidenc.~ of indebtedness; (c) sources of moneys (General Fund and/or other Funds) to secure payment of indebtedness and pay operation and maintenance costs associated with the projects. 3. On the basis of the foregoing analyses and consultations, submit a preliminary financing plan to the City which addresses: (a) estimated capital and annual costs associated with the projects; Co) alternative methods (including their respective advantages, disadvantages, and associated costs) that may be used to pay the projects' capital costs; (c) alternative methods (including their respective advantages, disadvantages, and associated costs) that may be used to obtain interim financing to meet cash flow requirements of the project; (d) pertinent details relating to any indebtedness that may be incurred, including the estimated timing of the sale of securities, estimated interest rates, debt amortization schedules, call and redemption features and application of revenues to secure the indebtedness in a manner which will result in: (1) the highest rating possible, and (2) the subsequent sale of securities at economical interest rates under prevailing tax-exempt market conditions; (e) alternative methods (including their respective advantages, disadvantages and associated costs) by which annual costs of operation, maintenance, and debt service may be funded from General Funds, service charges, connection fees, standby charges and other permitted sources; (f) recommend further procedural steps to be taken and the timing of such actions. 4. Meet and confer with City Council and City Staff regarding the features of the preliminary financing plan and provide such additional information as desired by the City to complete the financing plan for the projects. 5. Assist bond counsel in his preparation of legal documents which will incorporate structural features of the City-approved financing plan that provides for the issuance of evidences of indebtedness, including, but not limited to, size of issue, redemption features, security for payment of the indebtedness, maturity schedule, and sinIcing fund payments. 6. Assist City in the selection of a Trustee Bank whose services would be most cost-effective for the City. 7. Prepare and distribute copies of a preliminary official statement, together with supporting documentation and information to rating agencies and municipal bond insurers for purposes of obtaining the highest rating on the securities. 8. Arrange and attend information meeting with bond rating agencies and municipal bond insurers.