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City manager lays out recommended CIP, warns of funding constraints and trade-offs
Summary
Assistant City Manager Yates presented the manager's recommended capital-improvement program: balanced assumptions at current tax rates, programmed GO bonds, $11M in project closures and reprogramming, heavy reliance on state/federal grants and risks from market, inflation, and contractor capacity. Staff offered 1¢ and 2¢ option packages for council consideration.
Assistant City Manager Jeff Yates (speaker 4) presented the manager's recommended capital-improvement program as an information item to the council, emphasizing this is an introduction to a full review and not an adoption vote.
Yates said staff balanced the CIP against committed tax rates and programmed previously authorized GO bond capacity (cited figures included approximately $97 million in near-term bond authority and multi-year recommended totals presented for planning). He…
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