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Mesa council approves resolutions to sell 2025 general obligation and utility revenue bonds after public questions
Summary
The Mesa City Council on March 17 approved resolutions authorizing the sale of 2025 general obligation bonds and 2025 utility systems revenue obligations after residents asked for more detail about amounts, prior-year reimbursements and potential utility rate impacts.
Mesa City Council on March 17 approved two resolutions to authorize the issuance and sale of 2025 general obligation bonds and 2025 utility systems revenue obligations, voting unanimously to adopt both measures.
The measures were listed on the consent agenda as item 5(b), “approving resolution authorizing the issuance and sale of general obligation bonds series 2025,” and item 5(c), “approving resolution authorizing the sale, execution and delivery of utility systems revenue obligations series 2025.” Council members later took a separate motion to consider and approve those two items together; the motion passed unanimously.
The vote followed detailed public questions about how the bond proceeds will be used. Resident David Winstanley asked how the proposed sale relates to voter-approved bond…
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