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City Dock fuel tank on capital list; finance outlines short‑term debt approach to limit operating strain
Summary
City staff included a City Dock fuel tank replacement and Naples Landing improvements in the proposed budget (about $1.1M CIP). Finance advised an interest‑only approach in the dock enterprise fund for two years to preserve liquidity while the work proceeds.
City staff presented a request to replace the City Dock fuel tank and make other dock improvements as part of the FY2025–26 proposed budget.
Public Works and Finance presented the dock as an enterprise operation. Interim Finance Director Stefan Massol summarized that the City Dock shows projected revenues of about $3,500,000, with fuel sales projected at roughly $2,500,000 and total operating expenses next year of…
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