Declare intent to use $3.75 million yearly from Measure U for street repair bond
In Plain English
Measure U is a local tax that generates $7.5 million per year for the city. The council plans to dedicate half of these funds to pay for a bond that would finance street repairs. If approved, this formal declaration allows the city to move forward with issuing the bond.
Auto-generated summary. Source: official agenda documents.
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