Finance committee sends Cutter Garage bond authorization to council after presentation on fleet needs and expected user charges
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.
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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.
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