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Clearlake council asks staff for detailed road‑financing scenarios after advisers outline $8.6M–$18.1M options
Summary
Council heard a presentation from NHA Advisors on borrowing against Measure B sales tax to accelerate streets work and asked staff to return with project lists, cost‑benefit analysis and financing options; no borrowing decision was made.
Clearlake — The City Council on March 3 asked staff to develop detailed financing scenarios and project-specific cost estimates after municipal advisers showed the city could raise roughly $8.6 million to $18.1 million by borrowing against Measure B sales‑tax revenues.
The discussion grew out of a presentation by Leslie Bloom of NHA Advisors, who said Measure B — a 1¢ sales tax that generates about $2.5 million annually — could support either 10‑ or 15‑year structures and a range of annual debt‑service payments. "We ran six potential financing examples," Bloom said, and estimated proceeds ranging from about $8.6 million for a 10‑year option to about $18.1 million for…
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