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municipal borrowing

How the city borrows money to pay for roads, buildings, and services

What to Watch
Watch for follow-up votes that turn the borrowing limits into specific project spending decisions, especially any Neshotah concessions approvals tied to final quotes or survey results.
Coming Up
The Story

Council has already approved up to $2.565 million in borrowing for 2026 projects, mostly backed by property taxes, with a smaller share backed by the Electric Utility. The plan includes $255,000 listed for the Neshotah Beach concessions project, and one resident warned that borrowing first can create pressure to spend later. Next up, the Hamilton Property visioning meeting includes an overview of public funding options tied to redevelopment.

Key Decisions
  1. passed 9-0 City Council · Apr 6, 2026

    26-052 Resolution Authorizing Borrowing $496,676 from WPPI Energy at 0% Interest for Critical Utility Infrastructure Projects

    Motion to waive reading and approve the resolution (26-052 Resolution Authorizing Borrowing $496,676 from WPPI Energy at 0% Interest for Critical Utility Infrastructure Projects)

    Bill LeClair Yes
    Shannon Derby Yes
    Mark Bittner Yes
    Darla LeClair Yes
    Adam Wachowski Yes
    Doug Brandt Yes
    Scott Stechmesser Yes
    Bonnie Shimulunas Yes
    Tim Petri Yes
  2. passed 8-1 City Council · Feb 16, 2026

    26-026 Resolution Authorizing the Issuance and Establishing Parameters For the Sale of Not to Exceed $2,565,000 General Obligation Promissory Notes

    Motion to waive reading and adopt the resolution

    Tim Petri Yes
    Mark Bittner Yes
    Doug Brandt Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Darla LeClair Yes
    Bonnie Shimulunas Yes
    Scott Stechmesser Yes
    Adam Wachowski No
  3. passed Personnel and Finance Committee · Feb 10, 2026

    Consideration of Recommendation to City Council Regarding Parameters Resolution for

    Motion to recommend the proposed borrowing plan as presented to City Council.

  4. passed 6-3 City Council · Jan 19, 2026

    26-015 Resolution Declaring Official Intent to Reimburse Expenditures from Proceeds of Borrowing 2026 Capital Projects

    Motion made by B. LeClair, seconded by Bittner to waive reading and adopt the resolution.

    Mark Bittner Yes
    Adam Wachowski No
    Bonnie Shimulunas No
    Tim Petri No
    Scott Stechmesser Yes
    Darla LeClair Yes
    Bill LeClair Yes
    Shannon Derby Yes
    Doug Brandt Yes
Record

  1. Agenda included a discussion with Robert W. Baird and Company regarding borrowing.

    City Council

  2. Agenda included an item to consider a recommendation to City Council regarding a borrowing limits resolution (title shown truncated).

    City Council

  3. Council passed Resolution 26-015 declaring intent to reimburse eligible 2026 capital project and equipment costs with future borrowing, not to exceed $2,563,818.

    City Council

  4. The reimbursement-intent resolution stated $350,000 of the borrowing would be repaid from the Electric Utility rather than the Debt Service Fund.

    City Council

  5. Council adopted the reimbursement-intent resolution on a 6-3 vote.

    City Council

  6. A Personnel & Finance Committee agenda included the municipal borrowing topic (two separate agenda-item entries are recorded).

    Personnel and Finance Committee

  7. A City Council agenda included an item titled "WPPI Loan Application."

    City Council

  8. Council approved borrowing limits for up to $2,565,000 for 2026 capital projects, with $2,215,000 supported by the property tax levy and $350,000 supported by the Electric Utility.

    City Council

  9. The borrowing plan included $255,000 listed for the Neshotah Beach concessions project.

    City Council

  10. Council passed the borrowing limits resolution on an 8-1 vote.

    City Council

  11. A resident said borrowing first can create pressure to spend later, and noted council had not yet seen final quotes or requested public survey results related to the Neshotah Beach concessions project.

    City Council

  12. A City Council agenda item (Resolution 26-052) proposed borrowing $496,676 from WPPI Energy at 0% interest for utility infrastructure and equipment, including electric meters, water plant security upgrades, and generator repairs at the Water Filtration Plant.

    City Council

  13. A Hamilton Property visioning meeting agenda included an item titled "Overview of Public Funding Options" tied to redevelopment and related improvements.

    Hamilton Property Community Visioning Process Phase 4
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