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Palm Coast council seeks middle ground on utilities fixes, asks staff to model $269M bond and rate impacts
Summary
Faced with a consent-decree-driven utilities upgrade and public calls for a building moratorium, Palm Coast council members asked staff and consultants to return a narrower bond option and run rate-impact scenarios, while also hearing strong and varied public comment for and against a moratorium.
Palm Coast council members on Tuesday directed staff and the city’s consultants to model a scaled bond option and rate scenario for the city’s utilities program and to return with analysis at an upcoming meeting, while also hearing a wide range of public comment about construction moratoria, development impact and community impacts.
The council is working under a consent decree and state-imposed timelines requiring upgrades to wastewater and related systems. Vice Mayor Panieri asked council to “direct staff and our consultant to work those numbers at that $269,000,000 bond price point” as a lower-cost, near-term borrowing option that would address immediate compliance requirements while leaving later projects for future consideration.
Why it matters: The city’s utilities program is central to plans to repair aging infrastructure, increase treatment…
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