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Lakewood reviews Transportation Benefit District revenues, bond timing as vehicle‑license income declines
Summary
Council members reviewed a proposal to amend bond timing related to the Transportation Benefit District and discussed a 2024 TBD annual report showing roughly $835,000 annual revenue and a recent decline that staff said will affect future bond sizing.
City staff reviewed the Transportation Benefit District (TBD) annual report and a proposed ordinance to extend the date by which the city's designated representative can finalize terms for limited tax general obligation bonds at the April 21 meeting.
Deputy City Manager K. Krause (recorded as Miss Krause in the meeting) told council the proposed ordinance would extend the date bonds could be issued; she said the bonds would still…
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