Council to authorize $50M school building bond
If approved, would authorize $50 million in general obligation bonds to fund public school building projects. Bonds must be repaid by taxpayers over time.
The city will pay settlement funds from the general fund to resolve a legal claim brought by Maurice Carter. Settlement terms are not disclosed in the agenda item.
Counterparty:
Maurice Carter
Funding source:
General Fund
Action type:
Settlement
passed
9–0