The Budget and Finance Committee voted unanimously to approve three ordinances authorizing the issuance of bonds and notes to pay property owners’ portions of street, sidewalk, resurfacing and street-lighting projects.
Committee members Lombardo, Amobian, Fusco, Boyes and Bolden considered the items during the committee’s session. Mr. Fricker, a staff member, told the committee the $13 million note is the committee’s annual street-cleaning and street-lighting special-assessment note and that the amount has not been increased from prior years.
The ordinances approved were: a bond not to exceed $475,419.75 to cover property-owner costs for the 2023 sidewalk program; a note not to exceed $13,000,000 to pay property-owner shares for street cleaning and street lighting; and bonds not to exceed $2,062,879.56 to cover resurfacing projects completed from 2021 through February 2023. Each ordinance was declared an emergency in the legislation and was handled on the consent agenda.
Mr. Fricker said the $13 million is a one-year note that will be repaid by special-assessment collections from property owners in the coming year. For the resurfacing bonds, staff said the projects have been completed and certified and this issuance covers certified costs.
Each item received a motion for the consent agenda, a second and an affirmative voice vote; committee members recorded “aye” and no opposition was voiced on the record. No individual vote counts were stated during the committee meeting.
These measures affect property owners assessed for the specified street and sidewalk improvements; the assessments, and repayment, are tied to the special-assessment process established by the city’s ordinances. The committee adjourned after completing the consent agenda.