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Findlay finance committee recommends council authorize infrastructure work and buy land tied to Casto development
Summary
The finance committee voted to forward an ordinance to council to build public infrastructure and purchase about 21 acres of green space to support the Casto development, after a municipal‑adviser briefing and debate over whether to pay cash or issue bonds.
The Findlay Finance Committee voted March 3 to recommend that city council authorize public infrastructure improvements and the purchase of roughly 21 acres of land intended as green space and to support future development tied to the Casto project.
The recommendation followed a presentation by the municipal adviser, Andrew, who outlined the adviser role, market conditions and options for debt or short‑term notes. "Our role is to make sure that it's the best option for you and whatever you're trying to get accomplished," Andrew said while reviewing refinance timing and the tradeoffs between notes and long‑term bonds.
The committee and staff discussed a package of measures for the north‑side Casto area that would combine public roadway extension and new water and sewer lines with…
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