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Council hears presentation on voter‑approved $25 million general obligation improvement bonds; process items moved forward
Summary
Councilors discussed an ordinance authorizing sale of up to $25 million in tax‑exempt general obligation improvement bonds to fund voter‑approved roadwork. The ordinance delegates sale authority to city officials and approves financing documents; sponsors said the measure implements the bonds voters approved.
The Santa Fe City Council considered bill 2025‑14, an ordinance authorizing issuance and sale of up to $25 million in tax‑exempt general obligation improvement bonds to pay for roadwork approved by voters.
Sponsor remarks described the ordinance as the legal instrument for marketing and…
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