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Moab officials outline $30–40 million capital-improvement priorities and bonding options
Summary
City Manager Michael Black told the council that prioritized projects for stormwater, roads and city infrastructure would require $30 to $40 million and presented bonding schedules, potential property-tax revenue and existing debt; utility funds and RAP tax timing were discussed as funding levers.
Moab City Manager Michael Black presented the council with prioritized capital projects covering stormwater and flood mitigation, road work and other city infrastructure and said the projects would require between $30 and $40 million in funding. He outlined bonding options, payoff schedules using prevailing interest rates and the city's current bond debt, and he described expected property-tax revenues available to support new borrowing.
Utilities Director Obe Tejada noted that water and sewer elements are embedded in several proposed road projects and reminded the council that enterprise funds could be used for those portions of work. Council members discussed the city's ability to procure adequate bids. Staff also reviewed the Recreation, Arts and Parks (RAP) tax as a potential funding source and noted the RAP tax is slated to expire in 2030, which factors into long-term financing decisions.
Why it matters: The council must decide which projects to fund with bonds and how to apportion costs among general and enterprise funds; those choices will affect future tax levies and the city's debt service obligations. City staff flagged procurement capacity as a constraint on timing.
Provenance: The subject appears in the transcript where Black "presented funding needs for the projects, for a total of $30 to 40 million" and where Tejada discussed water and sewer enterprise funds.
