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Council withdraws motion on bond parameters after questions about asbestos and project gap
Summary
Council debated a parameters resolution for bond financing tied to steam-to-gas conversion and downtown work, raised concerns about asbestos remediation estimates and the appropriate 'not to exceed' principal amount, and the sponsoring councilor withdrew the motion to allow staff to provide a printed resolution for review.
Councilors spent an extended portion of the March 24 meeting debating a parameters resolution that would allow the city to proceed toward issuing bonds for capital work, including steam conversion for City Hall and the library and related remediation. Staff and councilors discussed the budget gap, an asbestos-remediation estimate of about…
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