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2014 Note - Considerations <br />The City has several options to address the upcoming maturity of the 2017 Note: <br />1) Refinance with cash <br />• City could use proceeds from other sources (i.e. Tukwila Village), if available <br />2) 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 />3) Extension or replacement <br />• Most flexible option (could be refinanced on a longer-term basis with other <br />options - cash, LTGO, or UTGO - at a later date) <br />Based on feedback from the Finance Committee on June 6, 2017, City staff and <br />PFM moved forward with the solicitation of replacement interim financing <br />3 <br />