Debt Finance 2008
THIS SECTION provides information concerning lease financing of the proposed Town Community Center-Library Project. The following items, and other relevant information concerning the Town Community Center/Library Project, are also available in the "Living in Yountville - Community Center Library Master Plan" section of our website.
Official Statement 2008 Lease Revenue Bonds - In July 2008, the Town, through its Yountville Finance Authority, issued $10,710,000 in AA-Rated Lease Revenue Bonds.
Standard & Poors AA Ratings Report - Standard & Poors issued a report and credit analysis of the Town's financial statements and financial management system, and assiged a AA rating to the Town for its lease revenue bond offering (7/8/2008)
Town Press Release - Yountville Town Manager Steven Rogers issued a press release that provides further information concerning the S & P Ratings Report. (7/14/2008)
Public Finance Update, Method of Sale Analysis - KNN presented an update on public finance market conditions, and a presentation concerning the method of sale and a possible time-line for the financing effort. (3/18/2008)
Bonding Capacity Analysis & Report (2007) - In 2007, Town Council retained Kelling, Northcross & Nobriga (KNN) of Oakland to complete an analysis of the bonding and debt alternatives available to the Town to fund the proposed Community Center Project, and to evaluate the bonding capacity of the Transient Occupancy Tax (TOT) revenue stream that would be available to fund annual debt service requirements. (Town Council, 1/3/2008)
