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Agenda Item: 15(a) |
Prepared By: Casey Lucius, Ph.D., Interim City Manager |
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Business: City Council Item |
Department: Executive |
Subject:
Title
Determination of Infrastructure Bond Amount and Projects, Casey Lucius, Interim City Manager
Body
BACKGROUND:
On December 1, 2025 the City Council held a workshop to discuss the possibility of putting a General Obligation bond on the ballot for voters to approve capital funding for transportation infrastructure, parks, water quality, and improvements to City facilities.
On January 5, 2026, the City Council engaged Bryant Miller and Olive as Bond Counsel and received a critical events timeline in order to meet the requirements for an August ballot initiative.
On January 12, 2026 City Council held a workshop to identify 2026 goals. The #1 goal was to identify new sources of revenue; the #2 goal was to pursue an infrastructure bond referendum.
At the January 20, 2026 City Council meeting, Council decided to focus on a transportation infrastructure bond only.
At the February 9, 2026 Council workshop, City Council further refined the list of projects and tentatively supported a $24.5M bond. At that workshop, we also calculated alternative millage rates and costs per household depending on the bond amount.
On this March 2, 2026 agenda, City staff is making recommendations regarding high priority projects and is asking Council to vote on a specific bond amount and specific projects, so a resolution can be drafted for Council to approve the ballot question.
FUNDING SOURCE / FISCAL IMPACT: City Council and staff have invested a significant amount of time preparing for an August ballot referendum.
RECOMMENDATION: Discuss and vote on a bond amount and specific projects to be identified in a resolution and ballot question.
POTENTIAL MOTION: I move to put a XX million dollar bond on the August election ballot to support the following projects….