Mesa treasurer presents $168 million general‑obligation and $307 million utility financing plan; council hears 25‑year terms and 10‑year non‑callable condition

City Treasurer Mark Hute presented a 2025 financing plan to the Mesa City Council that proposes issuing new general obligation bonds and utility system revenue obligations to fund major capital projects, and outlined the timing and structuring details staff intend to seek from the market.

Hute described the financing plan’s two primary components: general obligation (GO) bonds and utility system revenue obligations. He said the GO target proceeds were $168,000,000 with approximately 63% directed toward public safety projects (examples cited in the presentation included fire stations, Gateway Library funding and police headquarters renovations). Hute said proposed utility obligations would target $307,000,000, with roughly two‑thirds of that amount for water projects including Advanced Metering Infrastructure (AMI), the…