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Sioux Falls council debates $68 million aquatics bond and withdraws resolution for more review
Summary
Councilor Kurt Sale introduced a nonbinding resolution asking bond counsel to draft a recreation and aquatics bond totaling about $68 million; the proposal and its allocations drew detailed questions about interest costs, fund reimbursements and budget guardrails and the council voted to withdraw the resolution for further work.
Councilor Kurt Sale asked the Sioux Falls City Council on Nov. 6 to instruct bond counsel to prepare paperwork for a proposed recreation and aquatics bond that he said should be capped around $68 million, with roughly $47 million for the Frank Olson project, $18 million for Keene Park and $3 million for a remodel.
"My figure I'd like to see hit is $68,000,000," Sale said as he opened the discussion. He described the resolution as nonbinding but intended to start public discussion and get technical details from bond counsel.
Finance director Sean Pritchard told the council the administration planned an informational briefing on Nov. 12 to present technical language and financial assumptions, and that the city had been distributing updated bond drafts to council leadership. Pritchard estimated interest and…
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