Council Approves $5.875M Loan Order for Capital Improvements

The City Council unanimously approved a loan order in the amount of $5.875 million for Fiscal Year 2021 Capital Improvements.
Viscay said the funds would be used for “deferred maintenance” and equipment operations by city departments.
He asked the Council to approve a bond that would accelerate the purchase of one additional fire pumper truck and one city-owned trash truck among other capital improvements.
“Rates are historically low right now,” said Viscay. “We feel it is a good decision for the city to bump up a couple of these pieces of equipment and sell one bond for the entire amount to fully execute the 2021 Capital Improvement Plan and Budget.”

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