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Council to consider Resolution 16057 authorizing general obligation bonds for road projects
Summary
City Administrator Manana Hutchinson said the council will consider Resolution 16057 to authorize issuance and sale of general obligation bonds to help pay for city road projects next year.
Manana Hutchinson told listeners that Resolution 16057 would authorize the issuance and sale of general obligation bonds to fund city road projects. “That's actually that's authorizing the issuance and awarding on the sale, and these are the bonds that help to pay for city road projects the upcoming year,” Hutchinson said.
Hutchinson placed the resolution under new business for the Aug. 11 meeting; the transcript preview does not record a vote or the bond amount. Council members are expected to review the bond authorization and associated staff materials at the meeting.
