Debate over 'level 1' projects: $14M baseline or $26M financing calculation?
City representatives asked why 'level 1' projects were described as $14 million in scope in one place but could show as $26 million under a population-split financing calculation; staff said the difference reflected debt-service and financing term rather than project scope.
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A key point of contention was the definition and accounting of "level 1" projects. City-affiliated questioner S5 said they understood the level-1 projects to total about $14,000,000 and was surprised to hear a $26,000,000 figure presented in the population-split scenario. S5 asked, "But tonight, it's 26,000,000 is what I'm hearing" and sought an itemized list so municipalities could do the math.
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