Council Authorizes Major Borrowing Plans
At a glance
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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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What this means
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.
Key decisions
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- Adopted Ordinance #26-14, adding a future street to the official street map near Lost Dauphin Road, by unanimous roll-call vote.
- Adopted Ordinance #26-15, amending zoning rules on setbacks, conditional uses, egress windows, electric-vehicle charging locations, home businesses, rooftop HVAC systems, street trees, fencing berms, and prohibited signs, by unanimous vote.
- Accepted and placed on file the 2025 management letter and financial statements after auditors reported an unmodified clean opinion and no state-requirement noncompliance.
- Authorized up to $11.8 million in 2026A general obligation promissory notes, up to $7.15 million in 2026B taxable general obligation notes, and up to $3.9 million in 2026C note anticipation notes; each resolution passed unanimously.
- Approved $4,504 from unassigned reserves for a metal-roof replacement at the Fox Point restroom building.
- Approved additional environmental and site-investigation services for the Broadway/Front Streets Redevelopment Site and related grant administration services.
- Approved the updated Fox River Fire District automatic-aid agreement and a planned maintenance agreement for backup generators.
- Approved temporary limited-easement payments to property owners for the STH 32 reconstruction from Eighth to Third Streets.
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