On October 6, we will begin evaluating alternative financing plans for the State College High Project. We feel it important to emphasize that this is a starting point. The final financing plan will be a product of the requirements of the Referendum; market conditions at the time of sale(s); cash needs for construction and, importantly, feedback from the Board, Administration and Community.
This memo will define terms and outline common assumptions underlying alternative financing scenarios. We have created six scenarios which examine variables such as timing, amortization, term and form of bond or loan.
