A resolution of intent will be presented at the
If the council approves the measure, the targeted issue date will be
The city decided to combine public works and utility projects into one general-obligation bond instead of two bonds, Williams said.
"It will save considerable money," he said.
Working on the storm water, streets and utility projects at the same time just makes sense, City Manager
And utility departments' revenue -- water, sewer and gas -- can still be used to retire that portion of the bond, Williams said.
Residents may see a gradual increase in utility rates, and a millage increase could be used for the debt service on the bond as well.
The maximum the city could impose is 2.7 mills, which would come out to
The council did not choose specific projects for each pot of money, but will rely on city staff to help prioritize projects.
"We've got enough flexibility that if something we considered a priority last year has changed and something else has become more pressing and more important, we can shift to that," Williams said. "We're not really tied to a list."
Registered voters have until
Otherwise, the city can issue the bonds, and has two years to do so, Williams said.
What's not on the table at the
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