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The City Council unanimously approved issuing up to $53,405,000 in 2026 contract revenue refunding bonds, following a public hearing with no speakers. The council also approved $4,264,214 in Fiscal Year 2026 budget amendments for roadway and intersection design projects.
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The bond refinancing is intended to replace or restructure existing contract revenue debt, although the minutes do not state the projected savings or effect on rates. The budget amendment funds design work for San Gabriel Parkway West, the Grand Lake Parkway and East Crystal Falls Parkway intersection, and San Gabriel Parkway Phase 2A. The council also approved up to $120,280 for the city’s 2026 America 250 celebration by a 5-1 vote and authorized a 4% increase to the City Manager’s base salary by a 6-0 vote.
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