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<br /> <br />,.~ " <br /> <br />1':- ~C_'.+" -... <br /> <br />,',\" <br /> <br />:~~~~i~.~\ . . . . . <br /> <br />:?_:~~:~'.:::._ 'Tap and/or connection fees would be allowed to constitute as much as ten percent of the <br />. '.- -;.,.,.; borrower's total revenues. <br />. <br /> <br />Revenues may be estimated using the rate structure most recently adopted by the borrower's <br />. governing body rather than the rate structure currently in use. <br /> <br />No increase in the debt service coverage ratio is proposed. <br /> <br />Conclusion <br /> <br />--,--- <br /> <br />.,' . <br />Staff believes the preceding suggestions would be of benefit to communities that are <br />experiencing growth and development pressures without unduly compromising Jbe integrity of <br />the Board's existing loan portfolio. <br /> <br />Recommendation <br /> <br />Staff recommends that the Board adopt the suggested revisions to the parity debt policy. <br /> <br />Attachment <br /> <br />Cc: Linda Bassi, AGO <br /> <br />2 <br /> <br /> <br />.~ <br />". <br /> <br />. <br /> <br />. <br /> <br />. <br />