Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City heard $499 million five‑year capital plan; council awards financial‑advisor contract
Summary
City staff presented a condensed 5‑year capital improvement plan totaling $499 million if fully funded; council also approved PFM Financial Advisors to assist with potential debt issuance and approved a CMAR GMP for Building E funded by ARPA interest.
City staff presented an updated five-year capital improvement program (CIP) that consolidates projects and focuses on completing higher-priority work. Sean Spillers, the city's capital and asset program administrator, told the council the city had reduced its active project list from 283 to 86 projects and reported $76,700,000 spent to date with $172,000,000 in approved funding for a current total of $249,000,000; he said future needs for currently identified projects total roughly $250,300,000,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
