Approve street paving project using Measure U tax money

Political StatementsInfrastructureFinance/Engineering

In Plain English

The city plans to fix roads using money from Measure U, the local sales tax voters approved for infrastructure. The formal decision allows the city to spend money now and pay itself back later if it issues bonds. This lets road repairs start sooner rather than waiting for all funding to arrive.

Auto-generated summary. Source: official agenda documents.

Votes

Motion to adopt a resolution declaring official intent of the Richmond City Council to reimburse certain expenditures from proceeds of indebtedness

Moved by: Vice Mayor MyrickSeconded by: Councilmember Bates

Failed

3 to 3

McLaughlinNay

MartinezNay

BecklesNay

BatesAye

MyrickAye

ButtAye

Motion to obtain the following reports from staff: (1) how much interest per year to expect from Strategy 3A; (2) the amount the City currently pays per year for street repairs; (3) further analysis of jobs to address more jobs over a longer period of time; (4) what would be the improvement of streets with Strategy 2 (Pay as you go); and (5) a smaller bond analysis for $20 million

Moved by: Councilmember McLaughlinSeconded by: Councilmember Beckles

Failed

3 to 3

McLaughlinAye

MartinezAye

BecklesAye

BatesNay

MyrickNay

ButtNay

Motion to adopt the resolution with no action to implement and gather more information including obtaining the following reports from staff: (1) how much interest per year to expect from Strategy 3A; (2) the amount the City currently pays per year for street repairs; (3) further analysis of jobs to address more jobs over a longer period of time; (4) what would be the improvement of streets with Strategy 2 (Pay as you go); and (5) a smaller bond analysis for $20 million

Moved by: Mayor ButtSeconded by: Councilmember Beckles