Park City Council approves special assessments and authorizes bond sales for infrastructure improvements

The Park City Council meeting on July 8, 2025, focused on several key financial decisions impacting local infrastructure and budget planning. The council unanimously approved a consent agenda and moved forward with significant ordinances and resolutions related to special assessments and bond sales.

The meeting began with the approval of the consent agenda, which passed with a 7-0 vote. Following this, the council discussed an ordinance to levy special assessments for improvements in multiple editions of the city, including Bar Estates and Iron Stone. Larry Kliman, the city's financial advisor, explained that this ordinance is a crucial step before issuing bonds to finance various sewer, water, and street improvements. Property owners affected by these assessments will receive a second notice, allowing them the opportunity to prepay within two weeks. The ordinance was approved with another unanimous vote of 7-0.

Next, the council considered a resolution authorizing the sale of general obligation bonds and temporary notes to fund new infrastructure projects. This resolution also passed 7-0, with plans for the bond sale to occur in about a month, allowing the city to secure necessary funding for ongoing improvements.

The council also addressed the Sedgwick County notice of revenue neutral rate intent form for the 2026 budget process. The proposed mill levy is set at 42.902, slightly lower than the previous year's rate. The council approved this notice, which is essential for notifying taxpayers about potential changes in tax rates, with a vote of 7-0.

Overall, the meeting underscored the council's commitment to enhancing city infrastructure while managing fiscal responsibilities, setting the stage for future developments in Park City.