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Greeley City Council voted 6–1 to reaffirm its commitment to the Civic Campus project and pursue approximately $83.6 million in Certificates of Participation to fund a new City Hall. If staff proceeds on the earliest schedule, authorization documents could return in September, with financing ratings and posting in October and funds received in November.
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The vote keeps Greeley’s new City Hall project moving and directs staff to prepare the agreements and ordinances needed for financing. The proposed borrowing was modeled at about $4.1 million in annual debt service beginning in 2029, rising to approximately $7.9 million annually through 2031. Councilmember Johnny Olson opposed the commitment, citing concerns about using dedicated tax revenues for debt instead of other city needs.
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