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Finance committee sends Cutter Garage bond authorization to council after presentation on fleet needs and expected user charges
Summary
The Finance Committee voted to forward a bond authorization ordinance enabling the Cutter Garage lease and facility improvements, with city staff projecting roughly $7 million in annual pass‑through charges and municipal repayment over 20 years funded by the Fleet Fund.
Portland’s Finance Committee on Monday voted to send a bond authorization ordinance to the full City Council allowing the city to issue bonds to support a leased maintenance facility known as the Cutter Garage, which City Fleet officials said will replace an aging Kirby Garage and better support vehicle electrification and heavy‑duty maintenance.
Debt manager Matt Gurock and Fleet Director Michael Roy, joined by Bureau of Fleet and Facilities Director Maddie Sauter, told the committee the existing Kirby facility is more than 100 years old in parts, cramped, seismically vulnerable and unable to support large‑scale electric vehicle charging or modern heavy‑duty maintenance. “Vehicles get packed in there and then they get delayed,” Roy said, adding that the facility’s layout…
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