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Home My WebLink AboutPRES 4 - RES Declaration of Intent to ReimburseReimbursement Resolution Protecting our Options Minimizing our Costs What is Needed 1. Purchase of land in 2023 2. Ability to roll into 2024 Debt Issue • Spread total cost over 25M years Maintenance Facility 1. Authorize budget of $8,000,000 for land acquisition using on -hand cash • Downtown Redevelopment Fund $51VI • Transportation CIP $31VI 2. Land acquisition transactions can close I Resolution to reimburse allows recovery at time of debt issuance 4. Debt issuance will amortize total cost and repay interfund loan Next Steps Resolution to Reimburse • October FEDRAC discussion • Nov. 8th regular business LG 047.27792 - F 100 LG 04TZ7792 100