As finance office for the City of Hope, you have been asked by Mayor Smith to recommend whether the City should issue a $4,000,000 10-year general obligation bond for a major expansion to the public safety facility that houses the police/fire/911 center. Provide a brief memo to the mayor outlining your recommendations with an understanding that Mayor Smith has no previous experience with issuing bonds. The memo should include pros and cons of the GO bond as well as what would be required to issue the bond, financial/budget considerations that need to be addressed, how the bond would be repaid, and alternative strategies to fund the project.
This should be 300 words or less and focused on the way municipal bonds work in the united states.