· Related development
City issues $9.825 million in COs for the landfill and two neighborhood park districts
In December 2022 the City said it would take COs to the council on January 10, 2023 for the next landfill phase and for park amenities in the Colonies and Heritage Hills public improvement districts. City financial reports record Series 2023 COs of $9,825,000: $5,865,000 supported by solid waste revenue for landfill facilities and $3,960,000 supported by district assessments.[1][2][3]
What the sources say
- ✓ Verified
KFDA reported in December 2022 that the City planned to issue more than $10 million in debt: $6.3 million for the landfill's next phase and about $4.2 million for park amenities in the Colonies and Heritage Hills public improvement districts, to be paid only by residents of those districts, over 20 years; the City planned to sell the debt and take it to the council on January 10.[1]
- Landfill planned
- $6,300,000
- Pid parks planned
- $4,200,000
- ✓ Verified
Laura Storrs, Assistant City Manager and Chief Financial Officer: Chief Financial Officer Laura Storrs said, "We need to develop the next phase of our landfill out there to make sure we have capacity for many years going forward," and that the City was "matching those that are using that portion of the landfill with those that are actually paying for the services."[1]
- ⚠ Sources differ
Amounts for the 2023 landfill and park-district certificates.
Reported value 1[1]
- Landfill
- $6,300,000
- Pid parks
- $4,200,000
Planned amounts reported by KFDA in December 2022.
- Total
- $9,825,000
- Landfill
- $5,865,000
- Pid parks
- $3,960,000
Issued: ACFR Note 13 records $9,825,000 of Series 2023 COs for landfill and park facilities; the debt schedule lists $5,865,000 supported by solid waste revenue for landfill facilities and $3,960,000 supported by district assessments.