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RFP No. 21-025 <br />OR kAj EXHIBIT B <br />� o <br />3 z "! Tax -Exempt <br />Tax -Exempt Bonds <br />1. Identify "Pay -Go" <br />Capital Project(s) <br />2. Issue Tax -Exempt <br />Bonds to finance <br />Budget Exchange <br />3. Reallocate cash to <br />Pension Debt <br />4. Pre -Pay Bases with <br />similar term <br />This strategy is limited to the cash we have on hand, and the proposed <br />policy recommends atax-exempt exchange for $20 million or more <br />VUR <br />