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Committee reviews borrowing options, TID capacity and utilities costs for South 76th Street
Summary
Staff presented citywide debt schedules and scenarios from the city’s financial advisor and detailed a South 76th Street county reconstruction: a $370,000 sidewalk the city must commit to by mid-February, a potential $1.85 million sewer/water extension and an estimated $600,000 assessment to property owners if pursued.
Franklin City staff used the finance committee meeting to review debt schedules, refunding possibilities and the city’s options for borrowing to cover several high-ticket projects slated for 2026–27.
Danielle (staff) walked the committee through documents showing city debt, TID debt and enterprise fund liabilities and said the city’s financial advisor is preparing scenarios…
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