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City treasurer outlines general-obligation bond reimbursements, says Mesa near 20% indebtedness capacity
Summary
City Treasurer Mark Hoot told the council the proposed general-obligation bonds would reimburse city costs for multiple large capital projects, reported average outstanding interest rates, and estimated Mesa is at about 20% of its GO-bond capacity based on internal calculations.
Mark Hoot, Mesa city treasurer, told the council at the March 17 study session that the city is preparing a general-obligation bond issuance to reimburse costs for a range of large capital projects, including public-safety and cultural facilities.
"These bonds will go to pay for or reimburse the city's costs for a variety of large projects, whether it's…
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