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Town Center bond paid off; operating costs remain in FY26 budget
5392142 · July 15, 2025
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Summary
Finance staff confirmed the Town Center bond was paid off in June; next fiscal year the city will no longer carry that debt service but operating expenses (utilities, contracts for janitorial and security) remain in the FY26 budget.
At the July 15 budget workshop city staff confirmed the bond for the Town Center building has been paid off and the city will no longer have that mortgage payment in the FY26 budget. Bob, presenting the Town Center budget, told commissioners “We owe, 0. 0. 0. Bond is paid off as of June 1.”…
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