[{"_1":2,"_109":-5,"_110":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,98],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6366344,"mediaKeyId","2159548-1bc387e497b00184939cd5ef9f7df5a2","parentId",2159548,"title","Council hears bond-issue preview: roughly $71M Elevate, $75M water and sewer; timing and market conditions discussed","audioSeconds",576,"startMs",287000,"endMs",863000,"viewUrl","/Search/View?dp=1&key=2159548-1bc387e497b00184939cd5ef9f7df5a2&start=287&end=863","thumbnailUrl","https://assets.pipeline.soar.com/2159548-1bc387e497b00184939cd5ef9f7df5a2/thumbnail_287000.jpg","articleUrl","/articles/6366344/Tuscaloosa-City/Tuscaloosa-County/Alabama/Council-hears-bond-issue-preview-roughly-71M-Elevate-75M-water-and-sewer-timing-and-market-conditions-discussed","mediaUrl","https://secure.pipeline.soar.com/6366344-0c6e8d060f102e644bbcacdb253c3760/orig.mp4?Expires=1771205332&Signature=XJmrZVCTh56fArId4CpQffyMyZDmQGsilMYvjmud8~cmC6jtBhsfWQxUKVoyX6wWXlVL~rSOybD0Imv-cBUgDvA7nd1dKAxUI1IduLzc-xAzXzP19Tz9bbekZvEizzOpPsBCrdOC2YzKjtLVbtRy1b-IQvl7Xm40Dg13oBJXnPTQjlol8Yqs9ylDS8qbOOGRt-uyL4dxJpZkuaB4AzfxyHtzrDgXQA-8iUM3tCZggGklgiy1jQQzA1AH0c9ctF9DVzHSOxuEomUbcPFHe0pAPnca85scgqR5sw1MCcgpVDFilC~T1WVcZwHPbaSH7EuIcvF-samSKezBaa6OrxVNFw__&Key-Pair-Id=KUT5TJCACFTXG","author","Tuscaloosa City, AL","date","2025-01-28T21:36:17Z","article","The Tuscaloosa City Council received a staff briefing on planned bond issuances the city expects to seek in the spring, including an Elevate Fund piece and a separate water and sewer issuance.

City staff said the preliminary plan envisions approximately $71 million of Elevate Fund debt and about $75 million for water and sewer projects. Staff characterized the water and sewer issuance as part of an ongoing 10-year plan and non-taxable. On the Elevate side, staff said the issuance will likely include both taxable and non-taxable components; the taxable portion was described in the briefing as about $55 million, with the remainder to be nontaxable. Staff supplied per‑million price estimates used for planning (about $62,000 per $1 million for nontaxable issuance and about $72,000 per $1 million for taxable issuance) and said those estimates fit within the city’s 10‑year debt‑service projections.

Council suspended the rules to add the discussion to the agenda and asked for a high‑level preview rather than detailed analysis. Staff and a financial advisor discussed market uncertainty, noting short‑term rate moves are Federal Reserve decisions while longer instruments follow the 10‑year Treasury; staff said the market could deliver benefits if the city issues in early May but also warned that timing and bids could shift the schedule.

Staff identified Elevate projects expected to be funded by the Elevate portion, including a pickleball center at Bowers Park, Oden Park improvements, Northern Riverwalk Phase 2 and the Saifton Center. Council also discussed the MLK Jackhorn Parkway project as a potential standalone issue if the project moves forward; staff estimated the MLK Jackhorn Parkway need could be in the $40–50 million range, but said timing depends on agreements with the railroad and reimbursements through TCRC. Staff told the council that projected debt-service levels are below the thresholds previously shared with rating agencies and therefore within the city’s modeled limits.

Staff indicated they will present a capital budget and a schedule of bond issues in coming months and plan further council discussion before going to the market.","mediaType","Video","parentTitle","Tuscaloosa Finance Committee Meeting - Jan 28, 2025","oneSentenceSummary","Council received a preview of planned bond issues: about $71 million for Elevate projects and $75 million for water and sewer; staff discussed taxable vs. non-taxable components, estimated pricing, market uncertainty, and a possible standalone MLK Jackhorn Parkway project of $40–50 million.","taxTitle","Tuscaloosa City, Tuscaloosa County, Alabama","taxId",4830,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6366349,"Council approves reserve transfers for Rivermont street lights and camera storage escrow",91,124000,215000,"/Search/View?dp=1&key=2159548-1bc387e497b00184939cd5ef9f7df5a2&start=124&end=215","https://assets.pipeline.soar.com/2159548-1bc387e497b00184939cd5ef9f7df5a2/thumbnail_124000.jpg","/articles/6366349/Tuscaloosa-City/Tuscaloosa-County/Alabama/Council-approves-reserve-transfers-for-Rivermont-street-lights-and-camera-storage-escrow","https://secure.pipeline.soar.com/6366349-085879f43bd9ddf8df79671095eed430/orig.mp4?Expires=1771205332&Signature=GQqEq6jc89Gg4uW5ubEi0~oIj~aeXpCX6oEEUn~rtBIyI--F4slYSUcac2sVFk2H3gxzgSLOQEPC579CkMBfdzNffgwlLycJrVB5HlYhvtwUCYHvlKxSOqjDon0CbVJSRpDI8BDDAslE2G1~zKgMs-bi87eNw~EooLRWlw6iNuky2k9ksr2t9--DON7JlqXrT48rOPEf9ZJV~~8JjKFgnVkcRrj66DWWbAXYSl6MdPYhfbRsh5HS1sAlyBCuZg4NUU4dyBX4PAiFyfouoh7GYWiVofu2Uq~~lWrzr~fM3c4olNTEGz2fUuI3ywgFjvHGmXmHbg5OCb-HTOVK4U0J~g__&Key-Pair-Id=KUT5TJCACFTXG","The Tuscaloosa City Council approved a budget revision that includes two parts: reimbursing the Rivermont subdivision for street lights and setting aside funds for camera storage escrow tied to several Elevate Fund projects.

Staff said Rivermont’s homeowners association will pay the entire cost of new street lights, and the city will budget a reimbursement and the installation cost totaling $10,356; staff described the entry as revenue on one side and an expense on the other until the transaction is complete. The council approved that item by voice vote.

Separately, staff reported a policy to set aside money from project budgets for camera storage needs (server arrays or server space) whenever new cameras are installed. The council approved transferring $68,500 from the Elevate Fund into this camera storage escrow. Staff identified projects that will seed the escrow, including Western Riverwalk and the Benjamin Barnard YMCA; other projects were briefly mentioned and treated as a group. A voice vote approved the transfer; the transcript records an affirmative voice vote without a numeric roll-call.

No vendors or procurement details for the street-light installation or camera storage purchases were named in the transcript.","Council approved a $10,356 reimbursement arrangement for Rivermont subdivision street lights and transferred $68,500 into camera storage escrow for multiple Elevate Fund projects.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":79,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6366354,"Council allocates police insurance proceeds toward replacement vehicle purchase",45,79000,"/Search/View?dp=1&key=2159548-1bc387e497b00184939cd5ef9f7df5a2&start=79&end=124","https://assets.pipeline.soar.com/2159548-1bc387e497b00184939cd5ef9f7df5a2/thumbnail_79000.jpg","/articles/6366354/Tuscaloosa-City/Tuscaloosa-County/Alabama/Council-allocates-police-insurance-proceeds-toward-replacement-vehicle-purchase","https://secure.pipeline.soar.com/6366354-e06002a928f737ae0bdb2e2c591cb019/orig.mp4?Expires=1771205332&Signature=WsZRqQYP5s2FLE2XNTqL6R~TR2QaTEqidC0JCCacE6VJeq9GLcMiFw5SyZ9K6avl1yd8uUVy4z5ZMnKXlr-0Lplfv28x3AEL4x8sXZVVzvb8fTqDbIEXsIit-L5WNYw5XsGHiXYiiEs3O0HyllxvZbKNs-hVy3~sd-iypitq3tMbFALQO2kRbP6Q~m6WsYNAsYXGVIQBUWyiyKx4hMRSl1GgNno~Li0n-hmiutbr3Jp2m6MUSBOlqGdfadxWouIxVqoEFIyAfO2-OOx5CvRJZ7BR57Hhq1RVGa4DQwyl3jJkFzQ3WgyyDco2ckk0bupnV4ATT-9QQir57rX9SKV8-A__&Key-Pair-Id=KUT5TJCACFTXG","The Tuscaloosa City Council approved a general fund budget revision to allocate insurance proceeds received for damaged police vehicles and apply that money toward purchasing equipment for a replacement vehicle for the Tuscaloosa Police Department.

Staff described the item as an allocation of insurance proceeds toward the cost of a new vehicle and related equipment. The transcript records staff discussion of a truck amount during the presentation, but the spoken numeric amount was unclear in the recording; staff stated that insurance proceeds for the year exceed the cost and that the allocation will fund the purchase. A motion to approve the budget revision was made, seconded and passed by voice vote; the transcript records an affirmative voice vote without a numeric roll-call.

No further budget specifics or vendor names for the replacement vehicle were recorded in the transcript.","City staff said Tuscaloosa Police Department insurance proceeds will be applied to purchase equipment for a replacement vehicle; council approved the related budget revision.",{"_33":99,"_35":36,"_37":38,"_39":100,"_41":101,"_43":102,"_45":79,"_47":103,"_49":104,"_51":105,"_53":106,"_55":56,"_57":58,"_59":107,"_61":62,"_63":64,"_65":108,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6366359,"Council approves $13,000 disbursement from District 5 funds for Gateway Park Christmas tree",87,37000,"/Search/View?dp=1&key=2159548-1bc387e497b00184939cd5ef9f7df5a2&start=37&end=124","https://assets.pipeline.soar.com/2159548-1bc387e497b00184939cd5ef9f7df5a2/thumbnail_37000.jpg","/articles/6366359/Tuscaloosa-City/Tuscaloosa-County/Alabama/Council-approves-13000-disbursement-from-District-5-funds-for-Gateway-Park-Christmas-tree","https://secure.pipeline.soar.com/6366359-0026400961dbcbeef2458406a39ecf99/orig.mp4?Expires=1771205332&Signature=VbZvpH16pJeMtjNyshKGcW5~fbcFbvF7hYnOGxo0lbzutPyt7i4eri6hXEJvND8iUPyGxHBO2oOwLh9E5gXJxRFk3yWaZaOTGnwlBl-qtzAUWHVwgeo0TATd6wqyKeZ2v6ELWOOxTDwsHMsV5jOmC2~fn5sIqJotEb6JcLud2CLfsgftNEIjhxK32tjmfan-Ddd~wudL~bYFsw33H89O4hHQiJ~Y1eDm6jxJwHgehmi6tZEFo1BFe~kE-o81bCmcvZukOwqsAXF896cWl5mxcqBo5eMYrrf9M531AJq0QGQ2mhHuhFNDSQyYVrD1d5B9Sr6lrGXComqL~dv6EbHCtw__&Key-Pair-Id=KUT5TJCACFTXG","The Tuscaloosa City Council approved using District 5 improvement funds to pay a $13,000 invoice for a Christmas tree at Gateway Park.

Council staff said they had received the invoice and that Councilmember Kiner had sufficient funds in his district improvement account to cover the amount. A motion to approve the disbursement was made, seconded and adopted by voice vote; the transcript records an affirmative voice vote but does not provide a numeric tally.

The item was handled under new business and required no further action beyond approval of the disbursement.

The council moved on to other budget and capital items after the vote.","Tuscaloosa City Council voted to approve a $13,000 invoice for a Christmas tree at Gateway Park, to be paid from District 5 improvement funds.","actionData","errors"]

Article not found

Council hears bond-issue preview: roughly $71M Elevate, $75M water and sewer; timing and market conditions discussed

Council approves reserve transfers for Rivermont street lights and camera storage escrow

Council allocates police insurance proceeds toward replacement vehicle purchase

Council approves $13,000 disbursement from District 5 funds for Gateway Park Christmas tree