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Grand Island council authorizes staff to seek bonds to fund $23.5 million in projects
Summary
The council voted to let staff shop for bond financing for roughly $23.5 million in capital projects, after City Administrator Patrick Brown outlined project costs and recommended a $1.75 million annual payment scenario that would require identifying about $750,000 in ongoing revenue. Council members asked for follow-up on options including tax adjustments and use of reserves.
City Administrator Patrick Brown told the Grand Island City Council on Jan. 27 that staff is seeking authority to "shop around" for bond financing to cover a list of capital projects totaling about $23.5 million.
"So a total of 23 and a half million dollars," Brown said, and then outlined project line items including chillers ($1.2 million), boilers ($1.9 million), arena lighting ($1.7 million), an upgraded sound system ($1.1 million), vestibule design services ($951,000), a roof replacement ($974,000), a $2 million ice-rink revival and an $11.5 million renovation of Island Oasis, plus refinancing of a veteran…
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