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Street Improvement Financing <br />August 20, 2007 <br />Page 3 <br />FISCAL IMPACT <br />Approval of the Resolutions and related agreements authorizes staff to <br />prepare certain financing documents and take other actions relating to <br />local street improvements totaling $60 million dollars. A total cap <br />including issuance costs is not to exceed $70 million and 6$ per annum. <br />k° <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />~j <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />80C-3 <br />Public Works Agency <br />