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Council hears high-level CIP and debt-capacity briefing; vehicle replacement and fire station projects flagged
Summary
Administration summarized the six-year CIP and Davenport’s debt-capacity analysis, noting major projects (fire stations, city offices), proposed borrowing within policy targets and the city’s effort to address a long-deferred vehicle replacement backlog.
City staff gave council a high-level look at the proposed six-year capital improvement program, borrowing plans and debt-capacity analysis prepared with financial adviser Davenport, and called attention to the city’s backlog in vehicle and apparatus replacement.
Joel summarized CIP funding sources (bonds, grants, reserves), the proposed bond authorization levels in…
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