1974-08 CRA - Laserfiche WebLink

Home Browse Search

~. . .,,- , 8 Mr. Richard E. Goblirsch Community Redevelopment Agency of the City of Santa Ana April 18,1974 Page 4 . (d) Investigate and report on available methods of fi- nancing project expenditures and public facilities incidental or essential to the project. Specifically included, as applicable, would be tax allocation bonds. revenue bonds, parking authority and other lease-rev- enue bonds, community appropriations, revolving fund use of tax increment income, and other legally avail- able sources of funds. (e) Recommend specific method or methods of finan- cing, and recommend financing schedule based on the findings discussed under (a), (b) and (c), above. (f) Prepare estimates of total initial capital costs and annual financing costs for the various methods of financing under consideration, including any reserves. capitalized interest, costs of bond issuance, and re- lated costs incidental to the particular financing method. (g) In addition to the preparation of the projection of tax increment income, prepare or assist in the prepara- tion of .revenue estimates from such sources as parking charges, subventions or grants, user charges, rental or conces sion income, and sales taxes that may be pledged or applied to the payment of annual financing costs. (h) Present our findings and recommendations to Agency and, 1£ any financing is to be provided by another public entity, to the administrative staff and governing board of such entity. Assist Agency in obtaining approval of any proposed financial participation by another public entity or entities. We believe that our services in connection with Task 2 can be accom- plished in 15 days working time or less, including allowances for time spent with Agency developing and coordinating preparation of the fiscal plan, development of independent data and information, draft- - ing time in our offices. and one day for joint presentation to the Agency. An additional two days should be allowed for review and pre- sentation 1£ other public entities are to be involved. . Our fees for Task 2 would also be charged at the rate of $35 per hour, ~ and would be billed during the course of the worle. Assuming a IS-day . L}