Agenda Item Title:
Title
Public meeting to hear arguments for and against the issuance of not more than $21,000,000 of General Obligation Bonds to finance the construction and equipping of a fire station
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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. On October 3, 2023 the Council held a public hearing on this matter. This evening the Council will hold a public meeting 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 bond election will be held on November 21, 2023.
Recommended Action and/or Suggested Motion:
Recommendation
The Council will hold a public meeting to hear arguments for and against the Bonds.