2015 Sales Tax Bond Payoff
Summary
The council will be asked to move $1,228,285.28 from the general fund to the second penny sales tax fund to finish paying off the 2015 bond it already voted to prepay.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 28, 2026.
Impact analysis
It's a fund-to-fund transfer of about $1.23 million to retire the bond.
Taxpayers generally, by retiring debt early.
None identified; the city loses some investment earnings but comes out ahead overall.
Mentions & discussions (3)
City Council - Oct 28, 2026
The council will be asked to move $1,228,285.28 from the general fund to the second penny sales tax fund to finish paying off the 2015 bond it already voted to prepay.
City Council - Jul 20, 2026
The council voted to pay off the bonds that built the rec center, water park, and indoor facility early — saving an estimated $5,000-$7,000 in interest and freeing up over $600,000 of 2027 budget authority. One council member voted no.
City Council - Jul 15, 2026
The city could pay off the bonds that funded the rec center about two years early, saving roughly $6-7K since the 4% bond rate beats its 3.55% investment returns. It takes about $1.2M upfront, and paying them off lets the city finally close the old second penny sales tax fund.
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