Officials at the Dec. 19 City Council meeting said these funds would be used for capital improvement projects throughout the city.
The list of projects is extensive and includes approximately $1.5 million in funding for Freedom Tree park, among other projects.
According to Finance Director Allena Portis, the city still has approximately $71.2 million in authorized, but unissued, bonds.
The largest chunk of funding comes by way of street improvement projects, to which have been allocated $11.6 million, including road reconstruction and signalization.
Next steps for the city are to publish the proposed bond issues in the newspaper and to receive a rating agency call, which is set for Feb. 6. Competitive bids will be due March 6, and funds will be available for the city to use in April.
