Council delays street bonding decision
Thu, 07/13/2017 - 9:38am
The City Council will likely vote in August whether to give itself authority to bond to pay for a five-year street construction plan.
Normally, the city would be required to hold a referendum to issue the $4 million in bonds, but state law gives the council authority to bond without voter approval if certain conditions are met, according to testimony by the city’s financial advisor Mike Bubany at the July 10 council meeting.
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