TO: Mayor and Members of City Council
THRU: Adam Lindsay, Assistant City Manager
FROM: Sheila Thomas-Ambat, Public Services Director
DATE: September 25, 2023
RE:
Title
Fayetteville Forward Infrastructure Bonds - Proposed Sidewalk Project Locations
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
This item supports the City's Mission and Goals of the Council adopted Strategic Plan.
Executive Summary:
The City Council placed a ballot measure seeking authorization of the issuance of up to $25 million in General Obligation Bonds to support capital investments in public infrastructure on the November 8, 2022, ballot. The bond authorization measure was subsequently approved by voters.
Public Services staff is now seeking consensus from Council on the proposed locations for the sidewalk public infrastructure improvements.
In addition, staff seek consensus on reallocating up to $500,000 from Resurfacing GO Bond funds to use as grant matches to leverage additional funding to support eligible public infrastructure projects.
Background:
April 28, 2022
* City Council held a special meeting to discuss unfunded needs in the City. The City Council directed staff to initiate the process to set bond referendums for November 8, 2022, for not to exceed $60,000,000 in general obligation bonds for public safety improvement capital projects, not to exceed $25,000,000 in general obligation bonds for streets, sidewalk, and connectivity capital projects, and not to exceed $12,000,000 in general obligation bonds for affordable housing capital projects and to fund the Housing Trust Fund.
May 9, 2022
* City Council adopted a preliminary findings resolution authorizing staff to submit an application to the Local Government Commission for the proposed authorization of Public Safety Improvement Bonds, Streets, Sidewalks, Connectivity Bonds, and Housing Bonds.
June 27, 2022
* City Council adopted bond orders for $60,000,000 in...
Click here for full text