Council voted unanimously to authorize the issuance Oct. 3, and the power to put the bond in effect will lie with the city manager or mayor. The final pricing of the bond will be presented Oct. 17 for one of the two officials to approve, said Bart Fowler, the city’s bond counsel.
By the numbers
Up to $41.7 million of the approved bonds remaining are for transportation projects and could be set aside for improvements to streets, curbs, gutters, sidewalks, pathways and more, according to the meeting agenda.
Additionally, up to $28.9 million could be dedicated to improvements to the city’s parks and recreation facilities, including trails and open spaces.
Lastly, up to $26.3 million could go to improving public safety facilities.
If the full amounts are allocated, the 2022 bond program would be exhausted.
Quote of note
“We’re very excited [for] this next phase of development of some of our really important capital projects,” Mayor Jim Penniman-Morin said.