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Council hears bond-issue preview: roughly $71M Elevate, $75M water and sewer; timing and market conditions discussed
Summary
Council received a preview of planned bond issues: about $71 million for Elevate projects and $75 million for water and sewer; staff discussed taxable vs. non-taxable components, estimated pricing, market uncertainty, and a possible standalone MLK Jackhorn Parkway project of $40–50 million.
The Tuscaloosa City Council received a staff briefing on planned bond issuances the city expects to seek in the spring, including an Elevate Fund piece and a separate water and sewer issuance.
City staff said the preliminary plan envisions approximately $71 million of Elevate Fund debt and about $75 million for water and sewer projects. Staff characterized the water and sewer issuance as part of an ongoing 10-year plan and non-taxable. On the Elevate side, staff said the issuance will likely include both taxable and non-taxable…
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