Hopkins City Council approves roughly $7.22 million bond sale to fund Central Avenues reconstruction and water project

The Hopkins City Council voted unanimously to authorize the sale of approximately $7,220,000 in General Obligation Bonds, Series 2026B, to finance street and utility work on Central Avenues and a water and sewer supervisory control and data acquisition (SCADA) fiber project.

Finance Director Bishop summarized City Council Report 2026-043, saying the bonds will fund two purposes: the second phase of the 2025–2026 Central Avenues street and utility reconstruction and the 2026 Water & Sewer SCADA Fiber Project. The bonds for the street and utility work will be issued with a 16-year term and are to be repaid from a combination of the general tax levy, special assessments and utility revenues; principal payments for that purpose are scheduled over 12 years from 2031 through 2042. The council did not provide additional sale timing or interest-rate details during the meeting.

The motion to adopt Resolution 2026-016 was made by Council Member Kuznia and seconded by Council Member Garrido; the council recorded ayes from Garrido, Goodlund, Hunke and Kuznia. Mayor Hanlon was absent. The resolution passed by voice vote.

The bond authorization follows routine procedural approvals earlier in the evening: the council adopted proclamations recognizing May as Asian American and Pacific Islander Heritage Month, Mental Health Awareness Month and Bike Month, and approved a consent agenda that included minutes, a Hennepin County Environmental Response Fund grant agreement for Central Park improvements and ratifying checks issued in April 2026.

The council adjourned at 7:00 p.m. The meeting record does not specify further administrative steps or a sale date for the bonds.