Click to Home
Go To Search

In government, various types of bonds may be issued. Certificates of obligation and general obligations are used by the city to fund capital projects. 

Certificate of Obligation Bonds - Bonds approved by the City Council for capital projects. The city uses this type of bond to fund roadway, development, facility, infrastructure and utility projects. Certificates of obligation bonds can be repaird through a variety of sources including property tax,utility and development fee revenue.

General Obligation Bonds - Bonds approved by voters through a general city election for capital projects. General obligation bonds are repaid through property tax revenue.

November 2015 General Election
- City Council put transportation bond and animal shelter bond on the November ballot.

  • Bond Committee The City Council formed a Bond Committee in March 2015 and tasked the committee to provide recommendations for future General Obligation Bond consideration. The City Council has until August of each year to determine if an election will be called in November. The Bond Committee recommendations were presented to Council at the June 9 Meeting.  Recommendations were presented by the committee for roads, parks and animal shelter, but no action of the Council was taken.

  • Staff Recommendation:  City staff recommended the animal shelter and Weiss Lane for bond consideration. 

November 2014 General Election -
In the November 2014 General Election voters approved $53 million in parks and roadway improvements. 
2014 General Election Bond information  (video and information)