Council approves Series 2026A COs for streets and a Colonies park
The council approved the Series 2026A certificates, including $12 million for the 2026 summer street maintenance program and $16 million for Osage Street from 34th to 58th Street. The City's FY2025 financial report records $27,925,000 issued on March 10, 2026 for street construction (property taxes) and Colonies Public Improvement District park improvements (district assessments).[1][2][3]
FY2025 ACFR subsequent events: on March 10, 2026 the City issued $27,925,000 of Series 2026A COs for street construction (property taxes) and Colonies Public Improvement District park improvements (PID assessments).
KFDA reported more than $30 million approved; Strategic Partnerships Inc. reported $30.3 million approved unanimously.
✓ Verified
KFDA reported that $12 million is for the 2026 summer street maintenance program and $16 million for design and construction of Osage Street from 34th to 58th Street, with construction projected to take two years.[1][2]
Summer maintenance
$12,000,000
Osage street
$16,000,000
✓ Verified
Councilmember Tim Reid; Mayor Cole Stanley: Councilmember Tim Reid said, "If we wanted to do our streets, $400 million. We can't possibly fund that"; Mayor Cole Stanley said "CO's are not only used for emergencies" and "this money is being borrowed within our existing tax rate."[1]
✓ Verified
Fetched City documents do not state why the council used certificates of obligation rather than bond elections for these projects. Stanley said in February 2026 the goal was to fit the debt into the existing budget; the site does not assert a cause.[4][3]