Declare intent to reimburse city for capital projects using bond money
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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.
Community Discussion
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Allow city to repay wastewater system expenses using future bond money
Allow city to repay wastewater system costs using future bond money
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Spend money from 2019 wastewater bonds on sewer projects
Issue $35 million in bonds to refinance existing wastewater debt
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