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2022 IFiirn;:airnn.;iiirng 14'"Ilrairn <br /> New Maney(vee P Ject lfst beton) $14010000 <br /> Retire Series 2021 Varieus P.T.I.Income Tax Revenue Nates 9,275,000 <br /> (Damm 32321-14—dy_32222) <br /> Total 2022 Financing $23,285,000 <br /> Credit i 11 <br /> City Facility Raaf Repairs/Replacements $3710000 ,,,,.. vFuuv rvFuui rvFuui vvFuu vFuuv vFuuv rvFuui vvvFii <br /> 2022 Watemi en ten mm,ien 1,400,000 <br /> Sewer Mpmvements 2 850 000 <br /> Park Mprov mm, 2050000 <br /> Street M prevem ants 11500,000 <br /> Sidewalk himi 500,000 <br /> Total $14,010,000 <br /> s. no�2aaean,ot,of ad. I <br /> Laalkeabarabaad''s Credit IRating Laalkeabarabaad''s Credit IRating(caaunfiunu ed) <br /> Lakewood has a strong credit position.Notable credit factors include o Iobust financial p,,Rion,sl(ghtly above average demographic <br /> The City of Lakewood maintains a Aa2 rating from Moody's,just above the national median for U.S.Cities of Aa3.Both sN tistics and a srzable Nx base. <br /> rat l ngs are strong and allow Por Pull access to the capital markets In almost all economic conditions at a low cost of funds. <br /> Listed below are highlights from Ivioody's credit opinion published March 4,2021. <br /> The City's credit rating provides an independent evaluation to investors about a government entity's future ability and <br /> willingness to make Pully and timely peym encs of print 1pal and Interest on a debt Issue. EMINWRIMINEZEEMERVEREM <br /> Moody',investors Service,Standard and Poor's and Fitch Ratings are the primary rating agencies serving the municipal - Mmdy's expect,the nt t,mai nt ound financial pm is - Demand for Lakewood real estate expected tc support steady <br /> bond market <br /> . due to management's close fis�laoversight a nd co mmr-1:m tax base appreciaoan(has grown at 4.9%over past 5 years) <br /> maintaining strong reserves Close pmximiry m downtown clevelantl coupled with city's <br /> Listed below are the range of investment grade,long-term fixed rate rating categories,and a history of the City's credit Fund balance asa percent o[operating revenues(83.5/)Is well mng r ltaorantand reran presence make Lakewood <br /> ratings. 11�� Q�N IIIIII II Wy�Ai� above other peer cities. att—tve tc younger residents. <br /> uII011p0 4.� ME 14 IuIE16=1nnl9 u ,. ( b It �d �Ullll CtYs ash posit on rkelymrema nstrong. pperneWhic �s pop h tl ds nce me1hctt cn <br /> of new estlent,sbegncd mc <br /> 1980trentl <br /> de,$y1 Prk48, a;^.Wa.�k7, <br /> Aaa AAA AAA 3/2N2921 Aa2 <br /> Aa1 AA, AA, 3/2]/2919 Aa2 - Debta pensicn"cones are somewhat elevated overall and are <br /> a weakness in relatan tc the assigned rating of Aa2 <br /> Ca2D AA AA 9/5/2918" A <br /> di <br /> Aa3 AA- AA- 4/5/2918 Aa2 - Net rectdcmtofollvaloe(5e U <br /> 7%)—coo,esthSmed ion <br /> Al A+ A+ 4/1/2914 Aa2 - Mmdy's,nsidcvthc Cty's unf,ndcdpcnsio n liabilitesinit, <br /> A2 A A 9/2&2012 Aa2 rating calculatons <br /> A3A- A- 11/1 12919 Aa2 II <br /> Baal BBB+ FA <br /> 5/9/299] Aaa m.n N"•. : ... " u a.n ,,, <br /> Baal BBB BBB 5/112995 Aa3 - SigniCica nt moderatan of debt and pension - Redoctan in reserves doe tc one-tine uses or <br /> Baa3 BBB- BBB- 712'W2004 Aa2 liabilities opestonal mbalance <br /> 4/19/2993 Aa2 - Increasein debt and/or <br /> p nsion burden <br /> 4/11/2991 Aa3 <br /> `Fora Moody'sAnivel Coinmant Report <br /> IEM dvecrednanlh,2o2, IEN <br />