Politics & Government
HRA Nixes Northfield Safety Center Financing Plan
The council at its June 6 meeting approved to use $7.28 million in lease-revenue bonds to fund a new Safety Center.
The city's Housing & Redevelopment Authority on Thursday failed to vote on a request for funding for the new Safety Center, effectively killing the City Council's idea of using lease-revenue bonds for the project at 1601 Riverview Dr. behind .
The council outlined its decision to seek lease-revenue financing in .
The council at its June 6 meeting approved to use up to $7.28 million in lease-revenue bonds to fund a new . The move came after 10 people spoke at the meeting against the council's plan to use Capital Improvement Plan bonds to fund . The move for CIP bonds could have been reversed with a petition from voters. The lease revenue bonds could not be reversed by petition.
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Another option for funding would be a referendum on the November ballot, which council members were opposed to because it could increase costs by delaying the project.
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