Agenda Summary
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Requesting approval to appropriate $2,055,000 from the Facility Construction and Renovation Stabilization Fund to the Assembly Square Fire Station Capital Fund to reduce debt service costs for the project.
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Official Text
To the Honorable City Council:
The Mayor respectfully requests that this Council appropriate $2,055,000 from the Facility Construction & Renovation Stabilization Fund to the Assembly Square Fire Station Capital Account (Fund 5183) to reduce borrowing costs for the project. The appropriation will reduce debt service costs on the FY2026 Budget as well as for subsequent fiscal years.
Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Katjana Ballantyne, Mayor