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The Port Authority approved a resolution 5-1 allowing Rosemount to reimburse itself from future bond proceeds for eligible costs incurred before debt issuance. The resolution supports planning for recreation and facility improvements, with projects currently estimated for completion by 2029.
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Rosemount can move forward with certain early expenses for proposed improvements before bonds are issued, while maintaining eligibility to repay those costs with bond proceeds. Proposed projects include indoor ice, additional athletic fields, Erickson Park improvements, Central Park gathering spaces, a future athletic complex, Steeple Center repairs, Greenway Trail design and playgrounds. Staff will continue evaluating project scopes, financing options and community input, including the potential tax impact.
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