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Council hears proposal for multi‑project bond issuance to fund Smith Valley, Main Street and Station 92 design
Summary
City staff outlined a plan to use 'control project' bonds to finance road and station projects, including a Smith Valley bridge widening, Smith Valley Road matching costs, Main Street reconstruction and design for Station 92; council was briefed on a remonstrance process and tax‑rate thresholds under SEA 1.
City Controller and finance staff briefed the Greenwood Common Council on Oct. 20 about a proposed series of general‑obligation bond issues using the state’s control‑project process to finance multiple capital projects. The council heard details on potential uses, remonstrance rules under recent tax‑cap changes and the city’s intended first issue amount.
Staff described projects under consideration: widening the Smith Valley bridge over the railroad (alternate bid to add lanes during county reconstruction), Smith…
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