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Commission briefed on reimbursement resolution to preserve future debt reimbursement for garage and parkland acquisitions
5455698 · July 23, 2025
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Summary
Staff presented a reimbursement resolution that would allow costs for a future downtown parking garage and parkland acquisition to be reimbursable from future bond proceeds; staff said the resolution does not commit the city to issue debt but preserves reimbursement authority.
City staff told the commission that a reimbursement resolution would allow the city to treat certain pre‑issuance costs for two potential projects — a downtown parking garage and land acquisition for…
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