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Committee approves forwarding bond package to full Board; estimated homeowner impact ~$38 annually
Summary
The Budget & Finance Committee approved sending to the full Board a package of three general obligation bond series—EASER 2010 final sale, EASER 2014 second sale, and 2011 streets program final sale—to fund seismic upgrades, emergency water systems, OCME facility needs and street resurfacing; estimated property tax impact for a $600,000 assessed home is about $38 annually.
City fiscal staff and project managers presented items 7–12: three bond series to be sold together to fund remaining projects in previously voter-authorized general obligation bond programs. The measures included blocking appropriations for accumulated interest and authorizing the sale of bonds to complete EASER projects…
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