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Item #56 · Regular City Council Meeting

City issues General Obligation Refunding Bonds Series 2021

the City Attorney · Oct 19, 2021
Budget & Finance

Refinancing existing municipal debt to manage long-term obligations. The bond structure and terms affect the city's borrowing costs and fiscal flexibility.

Funding source: Bond Action type: Ordinance
passed 8–0
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3-year Hootsuite social media contract: $176,968 to Carahsoft

Would authorize the city to spend $176,968 over three years on Hootsuite social media management licenses for Parks and Recreation and Public Information. If approved, these departments would gain centralized tools for managing municipal social accounts.

· Item number:Item #12 Total cost: $120K

Contract amendment: $60K grant increase for Penny Foundation services

Would increase total grant funding under the existing Penny Foundation agreement to $120,000 to support Innovation Milestones Deliverables. The Foundation would receive up to $12,000 (10%) in administrative fees for managing these grant funds.

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· Item number:Item #9 Total cost: $177K

3-year Hootsuite social media contract: $176,968 to Carahsoft

Would authorize the city to spend $176,968 over three years on Hootsuite social media management licenses for Parks and Recreation and Public Information. If approved, these departments would gain centralized tools for managing municipal social accounts.

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