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The Common Council unanimously authorized borrowing plans of up to $11.8 million in general obligation notes, $7.15 million in taxable notes, and $3.9 million in note anticipation notes. Council also approved zoning and street-map changes, accepted a clean 2025 audit, and funded several infrastructure and property repairs.
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The borrowing resolutions set terms for financing capital improvements, tax-incremental-financing projects, and remaining parking-ramp costs; they authorize potential note sales but do not state that all amounts will be issued immediately. The audit found no state-law compliance problems, with approximately $10.6 million in unassigned reserves, or 46.7% of the relevant fund balance. Council also approved a future street near Lost Dauphin Road, multiple zoning-code updates, $4,504 from reserves for the Fox Point restroom roof, and temporary easement payments for the STH 32 reconstruction.
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