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Acting CFO says IPA amendment is legal cleanup; committee sends resolution to formal session

Budget, Finance and Audit Standing Committee (Internal Operations) · October 29, 2025
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Summary

Acting deputy CFO Donnie Johnson told the committee the resolution amends prior language in the city’s master installment purchase agreements for bond-law clarity and does not authorize additional borrowing beyond what council already approved; the committee voted to send the resolution to formal session with a recommendation to approve.

The Office of the Chief Financial Officer presented a resolution amending and supplementing language in the master installment purchase agreements previously authorized in the FY25 year-close resolution. Donnie Johnson, acting deputy CFO and budget…

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