Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee sends $25M bond, $25M capital lease to council with favorable recommendation after brief delay vote
Summary
A joint committee recommended that the full City Council approve a $25 million general‑obligation bond for core infrastructure and a $25 million master lease to replace fire, DPW and technology equipment; a motion to postpone failed and the administration said projects are shovel ready and were conditionally approved by the municipal oversight board.
City finance staff and a bond adviser told a Hartford City joint committee they plan to seek council approval to issue a $25,000,000 general‑obligation bond to fund core municipal infrastructure and to establish a $25,000,000 master lease facility to accelerate replacement of fire and public‑works equipment and some IT needs.
Julian Freund, director of management and budget, presented the GO bond’s draft project list: $10,000,000 toward the city’s milling and paving program, $2.5 million for road reconstruction projects (Eastview, Grama, Essex), $2.5 million for streetlight replacements, $2,000,000 for sidewalk repairs and replacement and $4,000,000 for ADA compliance projects, plus…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
