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<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 />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 />Staff believes the preceding suggestions would be of benefit to communities that are <br />experiencing growth and development pressures without unduly compromising the 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 />4. <br /> <br />c. <br /> <br />. <br /> <br />. <br /> <br />. <br />