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Coos Bay council approves $30 million library bond language, favors 20-year term
Summary
The Coos Bay City Council voted to place a $30 million general-obligation bond measure on the Nov. ballot to replace the structurally failing downtown library and chose a 20-year financing option to limit total interest costs. Council directed staff to finalize ballot wording and to continue seeking grants and phased design options.
The Coos Bay City Council on Aug. 6 approved language to place a $30 million general-obligation bond measure on the Nov. 5 ballot to replace the city’s failing downtown library and endorsed a 20‑year financing term.
City Manager Nicole told the council the $30 million figure is a cap intended to replace the existing facility and allow phased design work; earlier estimates with a parking garage and fuller buildout reached roughly $45 million. “We will continue to source other funds,” Nicole said, and the architect will plan for phased construction so future additions can be added if grants or donations…
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