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Council advances $4.5 million bond ordinance package tied to Resilient Hope and capital improvements
Summary
Finance officials asked the council to advance a bond ordinance appropriating $4.5 million to fund the Resilient Hope project and a companion bond application for broader capital improvements; council members sought clarification on bondable items and the five‑year minimum life expectancy requirement.
The council heard presentations on May 20 from finance staff seeking to advance a bond ordinance and companion application that together would appropriate roughly $4.5 million for the Resilient Hope project and other capital improvements.
The measures matter because bond financing obligates future municipal debt service and funds a range of infrastructure and public safety improvements.
Benjamin Guzman, acting director of finance, told the council the package includes multiple capital projects ranging from…
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