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Bond counsel outlines two-step process for proposed general-obligation financing; council defers vote
6429083 · October 14, 2025
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Summary
Bond counsel described a two-step authorization and issuance process for general-obligation bonds to fund multiple capital projects; council opted not to vote immediately and will consider resolution at a future meeting.
City staff introduced an ordinance to authorize the issuance of general-obligation bonds to finance a package of capital projects, including pump-station work (Mansion Hills and North Colonial), city hall and court building roof replacements, West Randolph Street shared-use path, pavement rehabilitation across several…
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