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<br />Street Rehabilitation Financing <br />December 3, 2007 <br />Page 3 <br />FISCAL IMPACT <br />Approval of the resolutions and related agreements authorizes staff to <br />prepare certain financing documents relating to local street improvements <br />totaling $60 million dollars. A total cap including issuance costs is not <br />to exceed $70 million and 6% per annum. <br />James G. oss <br />Executive Director <br />Public Works Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency