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Committee clears $248M roads and streets bond for November special election
Summary
The committee recommended placing a $248 million general obligation bond on the November 8 ballot to fund repaving (about $148M), pedestrian and bicycle safety improvements ($50M), ADA curb ramps and sidewalk repairs ($22M), traffic-signal upgrades ($20M) and seismic/structure repairs ($7M); the bond is sized to avoid raising the property-tax rate, per the city’s 10-year capital plan.
The Department of Public Works asked the Budget and Finance Committee to recommend placing a $248 million general obligation bond on the November 8, 2011 ballot to finance street repaving, pedestrian and bicycle safety improvements, ADA curb ramps and sidewalk repairs, traffic-signal…
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