Information
Items
Public's Right to Speak
2
Consent Agenda
Item No. 1a - MOTION - cancel July 6 & July 20 Study Session
Item No. 1b - MOTION - contract for Residential Street
Item No. 1c - MOTION - payments for Sales & Use Tax
Ordinances on First Reading
Item No. 2 - ORD - amend laws for vehicle nuisance
Decisions, Resolutions, and Motions
Item No. 3 - RESO - amend budget for DOLA grant
Item No. 4 - RESO - amend budget for HUD grant
Item No. 5 - RESO - amend budget for DRCOG grant
Item No. 6 - RESO - Public Art donation
Item No. 7 - MOTION - amend contract for 38th Ave project
Pending
∙ Agenda item 4 of 10
Item No. 1c - MOTION - payments for Sales & Use Tax
On October 24, 2024, the city closed on Series 2024 Sales and Use Tax Revenue Bonds in the par amount of $34,845,000 with a net premium of $3,856,048 for a total of $38,701,048. After cost of issuance and the refunding of the 2017A Bond Series, the City received a total of $33,345,000 in project funds. The City’s first interest payment for 2026 is due June 1, 2026, in the amount of $793,250, and the first principal and second interest payment is due December 1, 2026, in the amount of $4,248,250. Funds to cover the 2026 payments are budgeted in the 2026 2J Bond Fund budget.
Files
Item No. 1c - MOTION - P&I payments for Sales and Use Tax Bonds
( 0.2 MB )
Public Comments
Comments are not being accepted on this item.
Contents