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Council adopts housekeeping changes to Transportation Benefit District projects list; revenues earmarked for debt service
Summary
The Lakewood City Council adopted Ordinance 829 to update the list of projects eligible for Transportation Benefit District (TBD) funds and confirmed TBD revenues will be used principally for debt service tied to previously approved bonds; the district sunsets Dec. 1, 2044.
The Lakewood City Council on Monday adopted Ordinance 829 to update the listing of projects eligible to be funded by the city’s Transportation Benefit District (TBD). The changes are largely housekeeping to reflect completed projects and remaining eligible projects while recognizing that TBD revenues are currently earmarked for debt service on council-authorized bonds.
Deputy City Manager Taw Kraus told the council the ordinance updates the projects list to show which work has been completed…
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