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Council committee trims bond asks, debates Cleveland Moves priorities and park security funding in CIP review
Summary
City staff reduced this year’s bond authorization request and secured committee approval of amended bond ordinances while council members pressed for clearer CIP priorities for Cleveland Moves, speed tables, park cameras, sidewalks and police‑headquarters costs.
The finance committee on Sept. 22 approved a set of amended bond ordinances that narrow the city’s requested borrowing to match projects the administration expects will have executed contracts this year and discussed processes for prioritizing capital projects going forward.
Director DeRosa and staff told the committee they reduced the initial capital‑improvement borrowing request because the administration and Municipal Capital Projects (MOCAP) aligned the borrowing with contracts they expect to execute this fiscal year. DeRosa said the list was “whittled down from $76,000,000 down to $36,044,000” for projects the city expects to have contracts executed in the current year, and that the total authorization across the five bond pieces (including issuance costs) would be $40,000,000. Several ordinances were amended to lower principal amounts (for example, a $4,000,000 authorization was reduced to…
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