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Where possible, capital expenditures will be funded through pay-as- you     go programs, debt restructuring and alternative financing mechanisms, such as state loan programs or federal pilot projects. All capital improvements financed through the issuance of debt will be financed for a period not to exceed the useful life of the improvements, but in no event to exceed 30 years. All capital improvements financed through lease-purchase obligations will be financed for a period not to exceed the useful life of the improvements.

Rapid allegra cole multiply debt repayment allegra hicks shop is a goal of the Library District’s debt management polices. Each borrowing will be structured to repay principal as rapidly as the amount of the pledged revenue source will allow. Adjustment in repayment time frames may be modified to reflect changes in the interest rate environment, which may argue for shorter or longer retirement plans. The Library District will, at all times, manage its debt and sustain its financial position in order to seek and maintain the highest credit rating possible. The Library District will strive to maintain debt ratios within the median range of benchmarks (based on Moody’s Indicators for counties of similar size). The Library District shall not construct or acquire a public facility if it is unable to adequately provide for the identifiable annual operation and maintenance costs of the facility, or it must be disclosed. The Library District will consider coordinating with other local government entities, to the fullest extent possible, so as to minimize the overlapping debt allegra cole multiply burden to citizens. The Library District will ensure that an adequate allegra cole multiply system of internal control exists so as to allegra cole multiply provide reasonable assurance as to compliance with applicable laws, rules, regulations, and covenants associated with outstanding debt. The Library District will market its debt through the use of competitive bid allegra cole multiply whenever deemed feasible, cost allegra cole multiply effective, and advantageous to do so. However, it is recognized that, in some situations, certain complexities and intricacies of a particular debt issue are such that it may be advantageous to market the debt allegra cole multiply via negotiated sale. The Library District shall use the services of outside finance professionals selected using competitive bid. Credit enhancements (insurance, letters of credit, allegra cole multiply etc. ) will be used only in those instances where the anticipated present value savings in terms of reduced interest expense exceeds the cost of the credit enhancement. In order to maintain a stable debt service allegra cole multiply burden, the Library District will attempt to issue debt that carries a fixed interest rate. However, it is recognized that certain circumstances may warrant the issuances of variable rate debt. In those instances, the Library District should attempt to stabilize debt service payments through the use of an appropriate stabilization arrangement. The Library allegra cole multiply District will continually monitor its outstanding debt in relation to existing conditions in the debt market and will refund any outstanding debt when sufficient cost savings can be realized. Outstanding debt will be refunded as long as the net present value savings between the refunded bonds and the refunding bonds is equal to or greater than three percent without extending the maturity of the debt being refunded, unless extenuating circumstances would justify a smaller percentage savings (e. The Library District may also refund existing debt for the purpose of revising existing bond covenants to meet particular organizational and/or strategic needs of the Library District when it is advantageous to do so.