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Finance Committee forwards ordinance and resolution to authorize up to $26.5 million in GO bonds for capital projects
Summary
Committee voted to forward an ordinance and companion resolution authorizing issuance and sale of general obligation public improvement bonds not to exceed $26.5 million to fund multiple CIP projects, and authorized staff to manage refunding or payoff of a small existing bond as market conditions allow.
The Finance Committee recommended Council approve an ordinance and a companion resolution to authorize the issuance and sale of general obligation public improvement bonds in an aggregate principal amount not to exceed $26.5 million to finance a set of capital projects included in the FY26 budget.
Staff reviewed the financing package and the capital projects list included in the committee packet. Major…
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