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Municipal advisors present debt scenarios for proposed government center remodel; board told metrics remain strong
Summary
K&N Public Finance presented updated financing scenarios for a proposed government center remodel, showing multiple bond‑term options and that Kings County’s rating‑agency metrics would remain strong under modeled scenarios; staff will return in March with a resolution if the board wishes to proceed.
Matthew Boyette introduced K&N Public Finance municipal advisors, who provided an updated study session on debt issuance on Feb. 17 for a proposed large capital project to remodel county court buildings and a government center.
David Leifer of K&N summarized existing county lease obligations and presented three bond scenarios across two county cash contribution assumptions and 20/25/30 year terms. Leifer said interest rates have fallen since…
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