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Council hears presentation on Bill 72: proposed $122 million capital borrowing for police, public safety, parks and public works
Summary
City financial advisers presented parameters for Bill 72, a proposed general‑obligation bond package to finance multi‑year capital projects; council agreed to move the ordinance forward for formal consideration at the next council meeting.
City financial advisers and staff presented Bill 72 to the council, a parameters ordinance that would authorize the city to issue general‑obligation bonds to finance capital projects across police, public‑safety, parks and public‑works over several years.
The advisers said the city’s fiscal position now allows a multi‑year capital program and recommended phasing borrowings across three series to reduce…
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