Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Deltona reviews options to finance $200 million five‑year capital plan; $22 million reimbursement noted
Summary
City financial adviser and staff outlined a plan of finance for roughly $200 million in priority projects, described a $150 million outstanding debt profile concentrated in utilities, and discussed funding mixes, timing and potential impacts on utility rates and ad valorem‑supported projects.
Deltona city commissioners heard a debt‑issuance overview from Jeremy Niefelt, financial advisor with PFM, that outlined options to finance roughly $200 million in five‑year capital needs, including a $50 million water/wastewater project for which $22 million in reimbursement is currently guaranteed.
The presentation put the potential financing in context: the city has about $150 million in outstanding principal and three‑quarters of that is utility‑supported debt. Staff and the adviser described a proposed funding mix that includes roughly $35 million of new debt next year, about $75 million from cash and grants, and approximately $100 million of capital needs not yet funded or assigned a financing source.
“The plan of finance is really based on needs,” Jeremy Niefelt said, describing the approach the city would use to match financing types to project useful lives and affordability. He told commissioners that long‑lived assets such as treatment plants typically suit public bond issues, while shorter‑life equipment and vehicle leases can be handled with bank loans or capital leases.
Niefelt outlined…
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
