Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council weighs alternatives to prepay Trailhead bond; staff recommends tourism fund instead of general fund
Summary
Staff recommended pausing a $1M prepayment previously budgeted from general fund/REIT and instead consider a $500,000 prepayment from tourism capital plus relying on golf operations to service the bond; council discussed ending balances and legal/technical prepayment increments.
City finance staff told the council on Nov. 10 that the 2025 budget had contemplated a $1,000,000 principal prepayment on the Trailhead Improvements bond (split between the general fund and REIT) but recommended a different funding approach for 2026.
Kyle said the administration recommends not executing the prepayment as currently constructed; instead staff proposed using up to $500,000 from the tourism capital (lodging tax) fund —…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
