text: A: Streets, intersections, curbs, gutters and other facilities need constant maintenance and improvement to operate safely and efficiently. City Council and staff use a master planning process to address needs, and part of the funding model involves tying specific projects to specific bond packages so money is borrowed closer to when projects begin. The city seeks public approval as funding is needed and this is the final of four bond referenda as part of the current 10-year plan.
  A: City staff makes a recommendation for City Council’s consideration as part of the annual budgeting process. This year, the amounts for the street, housing and neighborhood improvement bonds were set based on infrastructure needs identified in the Community Investment Plan (CIP).
  A: Bonds are issued as projects are being constructed in order to minimize the financing costs during the construction period. Some projects are public-private collaborations (such as development of certain housing communities), meaning the timing will largely depend upon the specific project.
  Q: Some of the roads, intersections and neighborhoods that are getting bond monies seem fine the way they are. Why do we need to renovate or improve them?
  A: Needed repairs may not be apparent to the untrained eye. City engineers monitor our infrastructure carefully and have detailed, long-range plans for maintenance and improvement. Whether a private residence or a city street, the process is ongoing and becomes more expensive if not properly and diligently managed.
  A: Creating more affordable housing options for our workforce is a community-wide priority as we work to create greater economic opportunity.
  A: No. The financing costs for these bonds are included in the current city budget. No additional property tax increase will be required to pay for these bonds.
  
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