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Council adopts reimbursement resolutions to preserve option to bond public‑safety and wastewater projects
Summary
The council adopted reimbursement resolutions authorizing the city’s intent to reimburse pre‑issuance project expenditures from future tax‑exempt financings for an estimated $50M public‑safety facility and up to $75M for wastewater treatment/solar projects.
The council approved two resolution forms on Sept. 16 declaring the city’s intent to reimburse certain pre‑issuance project expenditures with proceeds of future tax‑exempt financings for two major capital programs.
Finance staff presented two draft reimbursement resolutions: one covering a prospective public‑safety facility project with an estimated principal amount of…
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