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Bond Anticipation Note Considerations <br />The City has several options as it relates to the 2014 Note: <br />TI) Refinance with cash <br />City could use proceeds from other sources (i.e. Tukwila Village), if available <br />Refinance with long-term Unlimited Tax GO (voted) debt <br />If property is used for Justice Center, the City could refinance the 2014 Note with a <br />UTGO bond issue in 2017 (may involve amending the Public Safety Plan) <br />Refinance with long-term Limited Tax GO (non-voted) debt <br />If property will be used for some other governmental purpose of the City <br />4) Extension or replacement <br />Most flexible option (could be refinanced with other options - cash, LTGO, or <br />UTGO - at a later date) <br />Process would involve soliciting proposals from existing and potential <br />replacement line of credit providers and bringing a note ordinance back to the <br />City Council in fall 2017 <br />0 PFM <br />8 <br />