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.
Settlement resolves a legal claim against the city funded from the general fund. Terms of the settlement are not disclosed in the agenda item.
Counterparty:
Richard Brad Allen
Funding source:
General Fund
Action type:
Settlement
passed
6–0