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~OCT lE '96 13~~6 PF.UDENTIAL ThePrudent~al ~~ Real Estate P~ofessiona4s 340 Vista Ave. SE P,O. 6ox 12397 Salem, OR 97309 Fax (503} 364-1453 October 17, I996 To: x~a.y c~ FFtOM: Dan Berre; RE: Gas Tax Rev~ Via Fax: 588-~495 It has been boubht build a parking sm we could use Mari pazking structure, ~ P my attention that the City of Portland used Gas Tax Revenues to ure for the Portland Arena. I need to l~own as soon as possible if County Gas Tax Revenues to help finance all or a portion of the 5 idea could be~ben~ficial in completing Courthouse Square. I noney could ba used to aid the if w~ ould use any of he Gas Ta~x~ ising to help b~ld the groject. ~ying back t~e ~azking structure, we could use the remaininS ;lp off set auy unltnown Pioblems as the project unfolds. We may also possible issues~in using the Tax Exempt Bonds to build a portion of ; that will not q~ualify as a Gavernment use. ieed to review vvith you is how long could Manon Counxy use the Public Works t'~a pay off the estimated $?Q ~on Bond offerinb. ong eaough to ~ay back the estimated 3.5 million? ong enough to pay off the estimated 2U miilion? ~lhich would shonen the payoff term of the 20 million- ong enau~h to payoff the 3.5 plus a ponion or all of parking structuie? ith Bond Counset on a numbeT of ideas that came out of the m~eting :on from Dain $osworth on °~ need to discuss that could workAon ~e up with an ide~a tbat yo u and ~on of the parl+ing structure thae~ ,be Bo df Counsel to discuss ~d ~e with the C.O~ Ps. We will m As an exas~le, this $udget that you are Revenues towards j budgeted fi,nds to ~ be able to overcom the parking structw pnother idea that I $500,40U year fro~ Example: A) ! B)' C) I will be working ' with Robert Edmi Mr. Hanna has ca~ how to bu~d a po still not have an i