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Council reviews CIP list and weighs bond financing for large-ticket projects
Summary
City staff presented a compiled capital-improvement list across funds and councilors discussed that while smaller projects could be cash‑flowed, larger ones may require bond financing given limits on rate increases and grant availability.
Council members reviewed a consolidated capital-improvement plan (CIP) that grouped pending projects by fund and priority. The presenter described the blue 'important' column and a contingency buffer added to minimum fund balances, and noted the CIP was a working list for staff and department heads to refine.
Members agreed many of the top-tier items would be difficult to fund through rate increases alone and that the city may need to consider a bond for the largest projects. "To do all those at once, you're going to have to go out for a bond," one councilor said, describing the supermajority thresholds required for bond approval at the state level.
