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6.H. - Page 19 of 27 <br />Overview of the 2019 Bonds <br />Plan of Finance Objective: Execute Bond Refunding and Raise $20M <br />New Money Proceeds through Savings and Additional Debt <br />■ Refunds outstanding 2009A Bonds to achieve debt service savings <br />■ Issues additional "new money" bonds in addition to redeploying savings <br />for capital <br />■ Extends term of refunding bonds to achieve a short-term "window" to <br />structure new money debt service with shorter average life restrictions <br />■ Maintains annual payments approximately equal to $4.1 MM but extends <br />bond term another six years to September 1, 2042 (from September 1, <br />2036) <br />i' - think <br />waste <br />A P.bli, nge„,y <br />206 <br />