bond issuance
Government borrows money to pay for public projects, paid back over time.
Watch for the detailed project list tied to the 2026 borrowing and any follow-up votes that commit to specific spending, including Neshotah Beach concessions.
Typically discussed at City Council. Check back when the next agenda is published.
On Feb. 16, council approved limits for up to $2.565 million in borrowing tied to 2026 projects, with most backed by property taxes and a smaller share backed by the electric utility. The list included $255,000 for the Neshotah Beach concessions project, and one resident warned that borrowing first can create pressure to spend later.
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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
Mark Bittner YesDoug Brandt YesShannon Derby YesBill LeClair YesDarla LeClair YesTim Petri YesBonnie Shimulunas YesScott Stechmesser YesAdam Wachowski No -
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.
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passed 8-0 City Council · Sep 2, 2025 25-172 Resolution Authorizing The Issuance And Sale Of Up To $352,978 Water System Revenue Bonds, Series 2025A, And Providing For Other Details And Covenants With Respect Thereto
Motion to waive reading and adopt the resolution
Darla LeClair YesMark Bittner YesShannon Derby YesBill LeClair YesDoug Brandt YesTim Petri YesScott Stechmesser YesAdam Wachowski Yes -
passed 8-0 City Council · Sep 2, 2025 25-173 Resolution Authorizing The Issuance And Sale Of Up To $1,038,658 Water System Revenue Bonds, Series 2025B, And Providing For Other Details And Covenants With Respect Thereto
Motion to waive reading and adopt the resolution
Darla LeClair YesMark Bittner YesShannon Derby YesBill LeClair YesDoug Brandt YesTim Petri YesScott Stechmesser YesAdam Wachowski Yes
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Council approved borrowing authorization of up to $352,978 in water-utility rate-backed loans (Water System Revenue Bonds, Series 2025A).
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The meeting record did not describe the specific project(s) the Series 2025A water borrowing would pay for in plain language.
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Council approved borrowing authorization of up to $1,038,658 in water-utility rate-backed loans (Water System Revenue Bonds, Series 2025B).
City Council -
The meeting record did not describe the specific project(s) the Series 2025B water borrowing would pay for in plain language.
City Council -
Council approved limits for up to $2,565,000 in borrowing for 2026 capital projects.
City Council -
The 2026 borrowing plan described $2,215,000 backed by property taxes and $350,000 backed by the electric utility.
City Council -
The vote on the 2026 borrowing-limits resolution was 8-1 and it passed.
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The 2026 borrowing plan included $255,000 listed for the Neshotah Beach concessions project.
City Council -
The city summary stated that listing the Neshotah Beach concessions project in the borrowing plan did not require the city to proceed with the project and that it could be carried forward if the project does not proceed.
City Council