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Crestview council adopts debt policy, approves HUD CAPER report and notes council resignation with appointment process forthcoming
Summary
Council adopted a debt management policy to support planned bonding for a public services facility, approved the HUD-required CAPER report for completed CDBG projects, and acknowledged Councilman Bullitt's resignation effective 2025-12-31 with a process to accept applications for a south-of-I-10 precinct vacancy.
The Crestview City Council voted to adopt a formal debt management policy and approved the city's Consolidated Annual Performance and Evaluation Report (CAPER) for Community Development Block Grant (CDBG) projects, and the mayor read a council member’s resignation that the council will fill via appointment.
Finance and bond advisors recommended a debt management policy to guide future bonding for the facility renewal plan, beginning with a public services/public works facility. Staff said the policy sets targets for debt…
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