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City manager outlines S&P call, reserve policy suggestion and multiple infrastructure projects
Summary
City Manager Deborah Stewart summarized the city's S&P rating call and highlighted a recommended formal reserve policy; she also updated the council on Maple Street culvert closure, wastewater treatment plant start-up, sidewalk replacements and active bidding for the DPW facility.
City Manager Deborah Stewart told the council at its Sept. 2 meeting that staff participated in an S&P rating call tied to future bond sales and that the rating analysts requested the city formalize a reserve policy rather than leave it as an informal annual practice.
“I was really proud of the work that we've done, and demonstrated in that call,” Stewart said, and added that the agency had been impressed with Mason’s three-year budgeting and six-year capital improvement plan.
Stewart updated the council on several capital…
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