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City sets bond-sale timetable and defers redevelopment land spending until joint review
Summary
Staff announced a bond-sale schedule for GO-bond projects and the board directed staff to hold off on redevelopment commission land-acquisition spending until a joint board/commission meeting clarifies priorities.
City staff told the board on May 5 that the city is moving forward with a GO-bond implementation timeline and has scheduled the first bond sale for Aug. 25, with final closing expected in September, and that fall work on bond-funded streets, stormwater and parks projects should begin after proceeds are available.
A finance presenter outlined the schedule and said the city plans an initial debt issuance tied to the bond…
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