Declare intent to reimburse city for capital projects using bond money

Bond ReimbursementBudget<UNKNOWN>

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Resolution Resolution No. 93-10 and Resolution No. 94-10

In Plain English

The city plans to spend its own money on capital projects now and pay itself back later when it issues bonds. One set of bonds will fund economic development projects in recovery zones. The other will fund wastewater system improvements. If approved, the city can legally use future bond proceeds to cover these upfront costs.

Auto-generated summary. Source: official agenda documents.