Summary
The authority authorized up to $65 million in lease revenue bonds to bankroll city capital improvements. The bonds earned a AA- rating from S&P, keeping borrowing costs low, and will be repaid by June 2045 alongside Measure Q's sunset.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 20, 2026.
Impact analysis
Expected borrowing of about $56.4 million at ~4.9% interest, with roughly $4.9 million a year in debt service through 2045.
Residents get funded capital improvements at the lowest borrowing cost the city could get.
Mentions & discussions (1)
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