Active

bond issuance

City borrowing for utilities and capital projects.

What to Watch
Whether the city later matches this borrowing authority with specific project approvals (especially Neshotah Beach concessions) and how repayment shows up in property taxes and utility rates.
Coming Up

Typically discussed at City Council. Check back when the next agenda is published.

The Story

Council has now signed off on two kinds of borrowing: up to $2.565 million for 2026 projects (8-1 vote) and up to about $1.39 million tied to the water utility (both unanimous). One resident warned that once the city borrows, it can feel like the spending is already decided—especially with the Neshotah Beach concessions line still missing final quotes and survey results.

Key Decisions
  1. 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 Yes
    Doug Brandt Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Darla LeClair Yes
    Tim Petri Yes
    Bonnie Shimulunas Yes
    Scott Stechmesser Yes
    Adam Wachowski No
  2. 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.

  3. 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

    Shannon Derby Yes
    Bill LeClair Yes
    Doug Brandt Yes
    Scott Stechmesser Yes
    Adam Wachowski Yes
    Tim Petri Yes
    Darla LeClair Yes
    Mark Bittner Yes
  4. 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

    Adam Wachowski Yes
    Darla LeClair Yes
    Mark Bittner Yes
    Shannon Derby Yes
    Bill LeClair Yes
    Doug Brandt Yes
    Tim Petri Yes
    Scott Stechmesser Yes
Record

  1. City Council adopted a resolution authorizing issuance and sale of up to $352,978 in water system rate-backed loans (Series 2025A).

    City Council

  2. City Council adopted a resolution authorizing issuance and sale of up to $1,038,658 in water system rate-backed loans (Series 2025B).

    City Council

  3. City Council approved a borrowing-terms resolution to borrow up to $2,565,000 for 2026 capital projects.

    City Council

  4. The borrowing plan described $2,215,000 supported by the property tax levy and $350,000 supported by the Electric Utility.

    City Council

  5. The borrowing-terms resolution passed on an 8-1 vote.

    City Council

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

    City Council
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