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Swisher council advances annexation step; staff to get county invoice for $396,000 bond fund spending
Summary
Council voted to proceed with preliminary annexation actions while seeking a written county reimbursement figure; staff said the capital projects fund has about $396,000 that must be spent within roughly a year and some of that may go to county reimbursement related to the annexation.
Council members discussed the 100 and 20th Division Street annexation and the timing and use of remaining bond funds at the Aug. 12 meeting. City staff said the capital projects fund currently holds about "$396,000 in that" and that money must be spent within the next year, so council needs to decide quickly how to allocate the remainder.
Council directed staff to obtain a formal invoice or written figure from the county showing the exact reimbursement amount the county will request so the council can determine how much remains for infrastructure projects. The council then voted on a motion to move forward with initiating annexation contacts and financing steps while the exact dollar figure is finalized; Speaker 9 led the motion and the council carried it. Staff and the bonding attorney discussed that funding may be usable for streets, sanitary, storm, or water infrastructure but clarified some potential restrictions and the need for further steps if the council wished to use funds for other categories.
