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Public works director explains small reallocations in bond capital lists; council moves Resolutions 8 and 9 to full council
Summary
Public Works Director Stephen Campbell detailed reallocations within Series 2018 and 2022 bond capital to shift modest remaining balances (including roughly $9,500 from an Oyster Point project) into emergency water projects and to make water meters capital-eligible; council voted to forward Resolutions 8 and 9 to the Jan. 13 full meeting.
Public Works Director Stephen Campbell told the finance committee on Jan. 6 that two administrative resolutions seek to reallocate remaining bond funds so the city can continue work on other water and transmission projects and take advantage of lower-cost capital for meter replacement.
About Resolution 8 (Series 2018), Campbell said "approximately $9,500 was not spent on the Oyster Point 42…
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