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Council authorizes $65 million sales-tax bond to finance community health and wellness center
Summary
Council authorized issuance of Series 2025A sales tax revenue bonds (about $65 million) and Series 2025B general obligation sales tax revenue bonds to fund the city’s Community Health and Wellness Center; staff provided a July 14 bond-sale timeline and an August receipt of proceeds.
City finance staff and bond advisors presented resolutions authorizing the sale of bonds to fund the Community Health and Wellness Center. Staff said the issuance program would include two issues: sales tax revenue bonds (Series 2025A) and a general-obligation sales-tax-backed issue (Series 2025B).
Chief financial staff described the plan: “We are looking to issue in the neighborhood… about $65,000,000 on that side and $30,000,000 on the GEO side,” and…
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