During a recent city council meeting, discussions centered around the future of escalators at the local airport and the issuance of certificates of obligation for public safety and infrastructure projects.
Councilman Yates proposed a motion to approve funding for the repair of escalators, emphasizing the need for them to be functional rather than abandoned. However, the motion failed to pass, receiving only three affirmative votes against three opposing votes, falling short of the required four votes for approval.
Following this, Marjorie Knight, the director of finance, presented a notice of intent to issue certificates of obligation totaling up to $2.7 million. These funds are earmarked for a public safety communications microwave project and an airport ramp project. Knight noted that state law mandates a 45-day notice period before the council can approve the bond issuance, which is scheduled for a vote on October 17.
During the discussion, council members raised questions about the funding sources for these projects, with Knight confirming that the new certificates of obligation would cover the costs, as existing funds from previous projects were insufficient. Public comments included concerns about the city's overall debt, which currently stands at approximately $499 million, encompassing both principal and interest.
The meeting highlighted the council's ongoing efforts to manage city infrastructure effectively while balancing financial responsibilities and community needs.