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Council approves 20% city contribution to West Street undergrounding district, asks staff to explore financing options
Summary
After proponents described steep cost increases since 2021, the council agreed Feb. 25 to provide a 20% city contribution toward the preliminary $7.0M West Street Underground Utility Assessment District and directed staff to return with a funding plan that could include the city purchasing bonds to reduce borrowing costs.
The City Council voted Feb. 25 to provide a 20% city contribution to the proposed West Street Underground Utility Assessment District (2021‑1), a South Laguna project covering roughly 101 assessable parcels. Engineering bids and inflation drove the current preliminary cost estimate to about $7.0 million; the engineer’s draft report included a…
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