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City summarizes 2022 and 2024 bond project progress; underwriters advise short sale delay
Summary
City staff reported bond proceeds deployment and project status: the '22 bonds (about $71 million) are moving to market, with roughly $30 million tied to the police building; the '24 bonds fund dozens of projects (about 46) with many in design or construction. Underwriters advised delaying a separate public-safety bond sale by a few weeks.
A city staff presenter briefed the committee on the status of bond-funded projects from the 2022 and 2024 bond measures and said the city's underwriters advised a short delay on a public-safety bond sale to wait for calmer market conditions.
On the 2022 bonds, staff said proceeds totaled "a little over $71,000,000," of which…
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