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Council advances streetcar and parking‑garage financing and other consent items
Summary
On the consent agenda the council approved multiple items including financings to support the Omaha Streetcar project and parking garages (discussed bond/lease purchase amounts of up to $125 million and $110 million respectively), various plats, approvals and grant disbursements, and moved into an executive session on litigation before adjourning.
The council handled a broad consent package that included zoning and plat approvals, grant disbursements, and two significant financing items brought forward for lease‑purchase revenue bonds. Steve Jensen of the Omaha Streetcar Authority described a request to add up to $125 million in lease‑purchase financing as part of the previously authorized streetcar bond program; the authority reported project expenditures to date and that the total with this issuance remains under council’s earlier authorization. Steve Curtis in City Finance presented a lease‑purchase proposal for parking garages totaling up to $110 million ($76 million for Crossroads and $34 million for the Mutual Tower portion) and reiterated that the parking and mobility fund is intended to support itself through user fees.
Council took the public‑hearing testimony and moved multiple items forward; later the body approved a motion to go into executive session for litigation matters and returned to conclude votes. Several consent items passed on roll call. The meeting adjourned at 04:22.
