Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Projects topic
No spam. Unsubscribe anytime.
Council votes to repurpose Series 2020A bonds to buy 122 Rose Avenue; improvements to be funded separately
Summary
Council directed the city attorney to begin repurposing Series 2020A bond proceeds to purchase 122 Rose Avenue and clarified the repurpose covers purchase only; the council approved the motion to repurpose bonds by voice vote.
Council reviewed the steps required to repurpose Series 2020A bond proceeds to purchase 122 Rose Avenue and voted to direct the city attorney to begin the repurposing process. The Chair clarified the council’s action was limited to funding the purchase: "This is just for purchase of the building," and that any building improvements — ADA upgrades, sprinkler and fire requirements, and floor repairs — would need separate funding decisions.
Council members who toured the building described significant interior work needed; members discussed contingencies and noted the city had an accepted offer subject to inspections. Members confirmed the repurposing could be done administratively without voter approval if under certain dollar thresholds; council concluded the repurpose was appropriate and approved moving forward. The motion carried by voice vote at the meeting.
