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Mesa Council approves general-obligation and utility bond issuances after public questions on past projects and rates
Summary
Mesa City Council on Monday unanimously approved two bond-related resolutions authorizing the sale of general obligation bonds and utility system revenue obligations after staff answered residents’ questions about how proceeds will be used and whether the utility bonds require future rate increases.
Mesa City Council on Monday unanimously approved two bond-related resolutions authorizing the sale of general obligation bonds and utility system revenue obligations after staff answered residents’ questions about how proceeds will be used and whether the utility bonds require future rate increases.
A voter who identified himself as David Winstanley of Eastmark asked whether the proposed general-obligation bond resolution is tied to ballot Question 2 ($90 million for public safety) and Question 3 ($170 million for parks, recreation and culture) and whether some proceeds would be used to cover prior debt balances. Mark Brady, a city staff presenter, said the council presentation shows the proceeds will reimburse projects dating back to 2018 and that some…
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