Agenda Text
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That the City Auditor analyze the Citys debt structure, including current and pending borrowing, borrowing requests that the City anticipates, and the anticipated cost of the new public safety building.
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Official Text
That the City Auditor perform an extensive analysis of the City’s debt structure, including the projected annual interest and principal payments that will be made on all debt once it goes from short term bond in anticipation of borrowing notes to long-term bonds. This analysis also should include all bonding requests that the City anticipates seeking from the Board during the remaining fiscal year, as well as the anticipated cost of the new public safety building.