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Finance committee approves resolution allowing reimbursement of bond‑funded project expenses
Summary
The Evanston Finance & Budget Committee approved Resolution 11‑R‑26, authorizing the city to list capital projects for eventual financing by general obligation bonds and to reimburse previously incurred project expenses from bond proceeds; the measure passed 7–0 and will go to city council.
The Evanston Finance & Budget Committee voted unanimously to approve Resolution 11‑R‑26, a technical action authorizing the city to identify capital projects for future general obligation bond financing and to reimburse earlier expenditures from those bond proceeds.
City Engineer Laura Biggs explained that the city commonly begins work on capital projects and…
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