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Item 21 - Consider Pension Debt Refinancing and Policy
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Item 21 - Consider Pension Debt Refinancing and Policy
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4/10/2024 8:25:45 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
21
Date
2/2/2021
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Recommended ADP for Base #16 <br />$5,000,000 <br />$4,500,000 <br />$4,000,000 <br />$3,500,000 <br />$3,000,000 <br />$2,500,000 <br />$2,000,000 <br />$1,500,000 <br />$1,000,000 <br />$500,000 <br />$0 <br />WUF , I <br />ADP Base #16 - $35,371,912 <br />■ Original Payments <br />N M M tD r- w N O N M 4* Ln W la w M O N M 4* M w n 00 <br />0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 <br />N N N N N N N N N N N N N N N N N N N N N N N N N N N <br />• Allocated $13.5 Million from the Water Enterprise <br />Funds 38% of Base #16 UAL <br />• Pro -Rats reduction in balance & payments <br />$17.5 Million in Interest Costs Savings <br />• Reduction of $31 Million In Total Annual UAL Payments <br />
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