Summary
City of Elko officials said the police building debt is paid, DWSRF‑linked bonds are pending for water modernization, and the city's five‑year plan includes a $1.2M recreation push (pickleball courts) and a planned purchase of Union Pacific easement property to clear right‑of‑way constraints.
City of Elko staff told the Debt Management Commission the city has paid off its public safety bond, has pending DWSRF‑related borrowing tied to water modernization and has several capital projects on its five‑year plan including recreation upgrades and a possible purchase of Union Pacific easement property. Julie Davis, presenting for the city, said the new police department building was paid off and that DWSRF financing tied to water‑system modernization will appear in future amortization schedules once projects are complete. “A million and a half will be principal forgiveness at no interest rate, and the remaining grant will be at 1% interest, payments to start at completion,” Davis said. Davis walked commissioners through a multi‑year CIP that includes a $1.2 million package for pickleball, handball and basketball courts in FY26 at Southside Park, phased street projects, a Union Pacific easement purchase to resolve fragmented ownership along an old rail corridor, and a three‑year engine build for a planned fire engine replacement. On the Union Pacific parcels, city staff said the corridor covers roughly 72 acres along the old rail corridor from Idaho and Silver Street toward Manzanita and that purchasing the right‑of‑way would help clear obstacles to completing the Manzanita connector and other transportation improvements. Davis said the city anticipates some properties will remain with UP because of price but that buying portions is intended to facilitate redevelopment and infrastructure connections. On funding, Davis said some water projects depend on grant awards, including potential lead‑and‑copper rule funding, and that ARPA funds have closed as of June 30 though some ARPA‑funded projects remain incomplete and will remain on the long‑range plan. Commissioners unanimously accepted the City of Elko indebtedness report and five‑year plan.
