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Council refers 2025 capital leases and bond anticipation note ordinances to finance committee
Summary
Council referred several ordinances authorizing bond anticipation notes (BANS) and requests to obtain municipal capital leases to the Finance Committee for review, including proposed notes totaling multiple millions for streets, parks, facilities, water and sewer projects and a municipal capital lease request up to $3.61 million.
Lakewood City Council on Jan. 21, 2025 referred a package of financing ordinances and equipment-lease requests to the Finance Committee for additional review.
Finance Director Mahoney presented ordinances and communications asking council to authorize quotes and approvals for municipal capital leases in an amount not to exceed $3,610,000 to finance a list of equipment (ambulance, forestry bucket truck, police vehicles, refuse trucks,…
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