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Financial- Debt Services to CH2
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Financial- Debt Services to CH2
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Last modified
9/19/2012 2:37:44 PM
Creation date
8/24/2011 11:49:55 AM
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Building
RecordID
10170
Title
Financial- Debt Services to CH2
Company
Marion County
BLDG Date
1/1/1999
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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term of the Certificates of Participation. <br />This will virtually eliminate the Trust account and leave enough funds to pay for the administrative <br />costs of paying the debt off and any arbitrage which occurred with the Certificates of Participation. <br />This will leave about $1.19 million dollars with the Treasurer. It is our recommendation that the <br />money held with the Treasurer be used to pay off the June 1, 2001 principal, since the amount <br />charged to departments was not sufficient to pay the entire debt service for FY 2001. <br />In conclusion, the above action will maximize the reduction of cost being charged to the General <br />Fund and provide the largest benefit to the County over the life of the debt on Courthouse Square. <br />
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