Use half of Measure U tax revenue to fund street repair bond
In Plain English
The city wants to borrow money through a bond to fix Richmond streets. This bond would be paid back using roughly $3.75 million per year from Measure U tax revenue. If approved, the city can begin preparing the actual bond proposal for a future council vote.
Auto-generated summary. Source: official agenda documents.
Votes
To approve the item
6 to 1
To use 51% of funds for streets and 46% for the MLK Center
2 to 5
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