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Advisers give "Bonds 101" as Littleton weighs financing options for downtown and facilities
Summary
City staff and outside advisers presented a primer on municipal finance at a Littleton City Council study session, reviewing financing options for capital needs including downtown projects and city facilities.
City staff and outside advisers presented a primer on municipal finance at a Littleton City Council study session, reviewing financing options for capital needs including downtown projects and city facilities.
Nut graf: With deferred facility maintenance and a downtown project under consideration, staff sought to start a policy-level discussion about whether and how to use debt. Advisors explained the differences among pay-as-you-go funding, state or federal grants, general obligation (GO) bonds, revenue bonds and certificates of participation (COPs), and described legal and market constraints (TABOR, charter debt limits and credit ratings).
What advisers presented Bond counsel and municipal advisers outlined three…
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