Board hears plan for bond financing and two flood‑mitigation projects with FEMA support
Trustees reviewed a proposed one‑year capital budget funded primarily by a bond package; staff described river‑maintenance dredging and a Jefferson/Wood drainage upgrade estimated at about $2.5M, with FEMA reimbursement expected near $1.5M for one project.
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Trustees discussed a proposed capital budget to fund completed and ongoing projects that were previously paid from operating cash. The administration said it will propose a bond package to provide a dedicated funding source: "a little over $13,600,000 in a bond," a presenter said, to cover multiple projects alongside smaller water‑fund and reserve contributions.
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