Flagstaff’s bond advisory committee is holding informal meetings this week to get public input on the panel’s proposal for $77 million of bonds to finance several projects.
The City Council is expected to set a November election on the bond proposal. A final list will be presented to the council in April.
The original bond project list totaled $100 million for four projects, but the committee’s final recommendations included six projects with a lower costs. The recommended bond projects were among 23 possible projects being considered by the 14-member task force.
Projects in the proposal include a new city court facility, paving improvements, and an expansion of the radio system used by emergency agencies.
Flagstaff’s $40 million in outstanding general obligation debt is rated Aa3 by Moody’s Investors Service and AA by Standard & Poor’s.
