· Related development
Council votes 4-1 to publish notice of up to $7 million in certificates of obligation after a park-lighting discussion
After a discussion of funding options for repairing athletic field lighting, the council adopted Resolution No. 01-25-22-3 authorizing publication of notice of intention to issue up to $7 million in certificates of obligation. The vote was 4-1, with Councilmember Cole Stanley voting no. The council authorized the certificates on March 22, 2022, and City financial reports record $6,815,000 issued for park lighting.[1]
Ginger NelsonFreda PowellEddy SauerHoward SmithCole StanleyMichael KashubaLaura Storrs
What the sources say
- ✓ Verified
On January 25, 2022, Item 3C was a discussion of funding options for repairing athletic field lighting, presented by Parks and Recreation Director Michael Kashuba, City purchasing staff, a representative of Specialized Public Finance, Assistant City Manager Laura Storrs and Assistant City Manager Floyd Hartman. The council then adopted Resolution No. 01-25-22-3 "authorizing the publication of notice of intention to issue up to seven million dollars in certificates of obligation," 4-1: Mayor Ginger Nelson and Councilmembers Freda Powell, Eddy Sauer and Howard Smith voted yes, and Councilmember Cole Stanley voted no. [1]
- Notice cap
- $7,000,000