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Aurora council adopts ordinance authorizing up to $95M in bonds to finish public-safety, infrastructure projects
Summary
The Aurora City Council on June 10 approved an ordinance authorizing up to $95 million in general-obligation bonds (anticipated issuance $90 million) to complete fire stations, a fire headquarters, an emergency operations facility, River Edge Park expansion and other projects; the measure passed 10–2.
The Aurora City Council on June 10 adopted an ordinance (No. 250446) authorizing the issuance of general-obligation bonds not to exceed $95,000,000 to finance a slate of ongoing capital projects, the council announced following a roll-call vote that passed 10–2.
Chris Minnick, the city’s chief financial officer, told the council the Series C bonds would fund fire station construction, a new fire headquarters, an emergency management and operations facility, River Edge Park expansion, roadway improvements near Farnsworth and Belter, and final disbursements for a public works facility. Minnick said the bonds would be secured by the city’s full faith and credit and repaid from property-tax levy proceeds, and estimated the direct tax impact “would be about $9.25 monthly for a $300,000 house.”
Minnick said…
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