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Item C: General Obligation Bonds for Street Maintenance
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Item C: General Obligation Bonds for Street Maintenance
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6/9/2010 1:18:55 PM
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6/6/2008 9:34:12 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
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6/9/2008
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<br /> <br />On December 10, 2007, the council discussed a property tax approach to funding pavement capital <br />preservation. Staff presented an approach using a short-term GO bond. Council directed the City <br />Manager to “bring a proposal to a future council work session for a GO Bond measure to fund $81 <br />million of pavement capital preservation projects over 10 years within an appropriate timeframe to place <br />the question on the May 2008 ballot. The proposal should include ballot measure language that provides <br />for both a list of high priority pavement capital preservation projects and appropriate flexibility for <br />planning activities and changing pavement capital preservation project priorities.” <br /> Z:\CMO\2008 Council Agendas\M080609\S080609C.doc <br /> <br />
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