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Council authorizes staff to pursue parking-lease revenue bonds for downtown parking structure
2295536 · February 13, 2025
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Summary
Council approved staff recommendation to pursue parking-lease revenue bonds tied to the downtown parking structure that will serve the library and affordable housing project.
The Santa Cruz City Council on Tuesday approved a staff recommendation authorizing the city to move forward with parking-lease revenue bond financing for the parking structure associated with the downtown library and housing project.
Finance staff said the item was procedural: bond counsel and the city's municipal…
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