Agenda Item Title:
Title
Public hearing regarding (a) the issuance of not more than $21,000,000 of General Obligation Bonds and (b) the potential economic impact that the improvements, facilities, or properties to be financed in whole or in part with proceeds of said Bonds will have on the private sector.
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Presenter:
Brian Kelley, Administrative Services Director
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Description/Background:
On July 25, 2023 the City Council adopted Resolution 23-38C, calling a special bond election to be held on November 21, 2023 for the purpose of submitting a proposition to the voters regarding the issuance of general obligation bonds to finance the construction and equipping of a fire station. This evening the Council will hold a public hearing as described in the title of the agenda item.
Fiscal Impact:
Possible issuance of not more than $21,000,000 of General Obligation Bonds.
Further action to be taken:
The City Council will hold a public meeting regarding the ballot proposition. The tentative date for the public meeting is November, 7, 2023.
Recommended Action and/or Suggested Motion:
Recommendation
The Council will hold a public hearing during this agenda item.