Board questions TANS and COPS modeling, seeks amortization details before borrowing
Committee members pressed district staff for clearer numbers and amortization schedules for proposed Tax Anticipation Notes (TANS) and Certificates of Participation (COPS), saying current board documents do not show whether the PI forecast payment covers combined debt service.
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Committee members pressed district staff for clearer numbers and amortization schedules for proposed borrowing involving Tax Anticipation Notes (TANS) and Certificates of Participation (COPS), saying current board documents do not show whether the PI forecast payment covers combined debt service.
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