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Agenda - Council - 01/14/2014
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Agenda - Council - 01/14/2014
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Last modified
3/17/2025 4:16:25 PM
Creation date
1/15/2014 9:49:53 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
01/14/2014
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c <br />w <br />E <br />w <br />w <br />L <br />bO <br />0 <br />N <br />N <br />N <br />^N <br />Y <br />CO <br />W <br />CU <br />N <br />E <br />t <br />Q <br />Request for discounted payoff <br />: • r►. ma A • reemen <br />FV (4% interest added to 2nd Pmt) <br />$235.20 Interest Gained (opportunity cost) <br />O Lc; Lc; <br />00 cI O) <br />00 % -1 O) <br />LfI l0 c-I <br />O O <br />00 00 <br />00 00 <br />LC").' LfI <br />E <br />O <br />z <br />Nominal savings to the City for early payoff <br />00 M <br />0 <br />ro <br />n <br />0 <br />0 <br />0 <br />0 <br />LL <br />s <br />U <br />E <br />O <br />z <br />a- ) <br />O <br />Q <br />0 <br />L <br />Nominal Difference (f/Original Agreement, $11,760-$8,000) <br />Nominal Savings <br />Opportunity Cost <br />00 <br />N <br />Lf) <br />M <br />NET Savings for City <br />Staff Conclusion: the City should accept the proposal; which results in a $3,524.80 savings <br />
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