About ten years ago, a real estate developer created a new neighborhood just outside of the city limits. Water is supplied to the neighborhood primarily by wells and sewage is handled by septic systems on individual properties. Residents of the new neighborhood recently appealed to the city asking if it would agree to extend the city's water and sewage systems to the neighborhood. During a special election, a majority of the neighborhood's property owners agreed to let the city collect a special annual assessment on their property to pay for the cost of infrastructure needed to extend these services to the neighborhood. This new assessment would not be shared by residents of the city. Accordingly, the members of the City Council voted to extend water and sewer services to the neighborhood and authorized the issuance of bonds to finance the project.The city's Finance Director is concerned. The city's debt load is already quite high. Adding the additional debt for the new bonds to the city's debt burden is going to have a negative impact on the city's financial statements. The Director is worried about the ability of the city to obtain new debt for its own projects at the best interest rates for the foreseeable future. What kind of disclosure, if any, will the city need to provide in its ACFR