$1.$ How do annual debt service payments affect the amount of revenue available for operating purposes? Which of the two scenarios for retiring this $$20$ million bond issue gives the city the greatest flexibility in meeting its operating obligations? $2.$ As the budget analyst, what advice would you give the manager on whether to issue this debt and what repayment scenario should be used? Are there alternative repayment scenarios that would provide more flexibility on the availability of property tax revenue in future years? $3.$ How much in reserves for debt service would you advise this city to have for this bond issue? Justify your recommendation. $4.$ Is it valid to claim in public statements that this bond issue will $$pay for itself?$5.$ What effect does stagnant growth in the property tax base $($i$.$e$.0\%$ increase in the tax base$)$ have on the city$$s property taxes for operations? How realistic is it for this city to hold to no change in its overall property tax rate of $$0\mathrm{.}40$ per $$100$ assessed value if it proceeds with this bond issue?