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i <br />TABLE OF CONTENTS <br />- Page . -- <br />A. DEBT ' <br />1. Metropolitan Investment Framework <br />1 <br />2. Existing Debt Obligations <br />.3 <br />a. Introduction <br />3 <br />b. Metropolitan Council Bonds <br />5 <br />c. Assumed Debt <br />6 <br />d. Local Government Debt Service <br />6 <br />e. Current Value Credits <br />11 <br />3. Combined Debt Service Needs <br />12 <br />4. Bonds Subject to Early Call <br />12 <br />a. Discussion of Existing Bonds <br />12 <br />b. Proposals for Refunding of Existing Callable Bonds <br />16 <br />CONCLUSIONS <br />21 <br />RECOMMENDATION <br />21 <br />APPENDIX <br />-23 <br />t� <br />To Follow: <br />5. Future Debt <br />a. The 1981 to 1985 Development Program <br />b. New Debt Combined With Existing Debt <br />B. OPERATING AND MAINTENANCE COSTS <br />1. Existing Costs <br />Costs <br />2. Resulting from New Improvements <br />3. Existing Systems and New Improvements Costs <br />C. COST ALLOCATIONS <br />1. Present System <br />2. Combining Some Service Areas <br />3. Combining All Service Areas <br />4. Allocation by Treatment Works <br />