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year amortization schedule, the annual payment would be $2.63 million, but UAL payments <br />would end nine years earlier, saving the District an estimated $4.7 million in interest. <br />CONSIDERATION <br />Implementing the Fresh Start Amortization requires submitting the attached request letter. As <br />the request is irrevocable, the District must also consider the increased costs of implementation. <br />The District's 115 Trust has sufficient funds to cover the higher annual payments beginning in <br />July 2025. <br />STRATEGIC PLAN COMPLIANCE <br />Meets Strategic Plan Vision Statement: In order to continue to serve our community and be <br />recognized as a top recreation and park district in the nation, we must be financially stable. <br />Respectfully submitted by, <br />Melissa Smith, Qffbctor <br />Management"Services <br />Attachments <br />