City Council Tuesday night will get their first look at the list of projects that could be funded through a 2023 bond issue, including a new $4.9 million branch library and second $9.6 million recreation center.
Council is scheduled to meet at 7 p.m.
City staff members looked at the building and operating cost for each project, as well as the annual bond payment, and arrived at a total yearly revenue estimate of $35.9 million to either build or expand all nine operations, according to a city staff report.
The projects targeted by city staff members for an annual bond payment and the yearly revenue required to operate each are:
- A new 30,000-square-foot branch library - $4.9 million.
- Museum expansion - $4.9 million.
- Performing arts facility - $6.1 million.
- New recreation center at Dry Creek Park - $9.6 million.
- Union Reservoir Master Plan implementation - $1.83 million.
- Update existing Recreation Center - $612,724.
- Centennial Pool Renovation - $1 million.
- Completion of Dry Creek Community Park - $4.2 million.
- Montgomery Farms - $2.5 million.
The required revenue for the improvements could be generated by hiking the city’s assessed property tax, increasing sales tax, or through a combination of the two, staff members state.
