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Cluster · debt_service · FY 2021
Authorization to proceed with $2,830,000 General Obligation Bonds, Series 2021A, for street and equipment projects.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2021-08-10 — 2021-08-10
Authorization to proceed with $2,830,000 General Obligation Bonds, Series 2021A, for street and equipment projects.
Kimmel presented an overview of the financing plan for the 2021 Bond Issue... MOTION BY ALDERS TO APPROVE RESOLUTION 2021-26 AUTHORIZING EHLERS TO WORK WITH STAFF TO MOVE FORWARD THE $2,830,000 BONDING PROCESS; 2ND BY BLAKE. ALL IN FAVOR. MOTION CARRIED.
Reasoning: Bond proceeds are an inflow to the city for capital/debt purposes.