Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves authorization to sell up to $38 million in bonds to fund capital projects
Summary
Council adopted a resolution authorizing the city manager to sell up to $38 million in new bonds (and to seek authorization for up to an additional $25 million contingent issuance) to finance capital projects included in the CIP; staff said proceeds will reimburse incurred project expenses and conform to IRS arbitrage rules.
Chrissy Hamill, the city budget director, asked Council to authorize the city manager to sell up to $38 million in new bonds and to permit up to $25 million in contingent issuance as staff monitors market conditions. Hamill said all proposed bond sales were previously included in the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
