Title
Briefing on Bonds, Debt and Levies
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive the briefing. Information only; No action requested.
Report
Issue:
Whether to receive an overview of bonds, debt and levies - why and how they are used by cities, how the City of Olympia is using them now to finance City services.
Staff Contact:
Mary Verner, Director of Administrative Services, 360.753.8499
Presenter(s):
Nancy Neraas, Foster Pepper, Bond Counsel
Dean Walz, City of Olympia, Fiscal Services Director
Background and Analysis:
The City of Olympia uses several financial instruments to raise funds to provide City services. These briefings will provide overviews of why and how bonds, other forms of debt, and levies are used to finance City capital and operating budgets.
Neighborhood/Community Interests (if known):
No specific interests known at this time. Briefing will provide informational materials that can be used to communicate with neighborhoods and the broader community.
Options:
N/A
Financial Impact:
N/A
Attachments:
None.