Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Downtown Infrastructure topic
No spam. Unsubscribe anytime.
Council moves $14.844 million downtown improvement bond toward final reading
Summary
Ordinance No. 26-042, authorizing up to $14,844,000 in bonds for the Downtown Improvement Project, was moved to third reading after council discussed legal timing concerns tied to another ordinance (No. 2639).
Council President Dan Rospert raised a timing concern about Ordinance No. 26-042 — the proposed bond issue for the Downtown Improvement Project — noting he had discussed the matter with Law Director Brad Proudfoot before the meeting. The ordinance would authorize bonds in a maximum principal amount of $14,844,000 for downtown infrastructure work.
Sponsor Jon Yurchiak moved the measure to third reading; no formal vote on adoption was recorded in the minutes. Rospert said he had concerns about passing the downtown bond prior to passing Ordinance No. 2639 and relayed Proudfoot’s counsel that the council could adopt it that evening if it chose to do so. Council did not finalize adoption during the committee meeting and instead advanced the ordinance for further readings.
