After a workshop on debt, staff said bond counsel indicated there is no lien on non ad valorem tax revenues unless such revenues are budgeted and appropriated; staff recommended involving bond counsel and the city's financial consultant (PFM) before considering USDA debt structuring.

Administrator Ken Witt summarized Ehlers' advice to issue two bank‑qualified issues of $10M (2027 and 2028) and a right‑sized final issue in 2029 to broaden bidder interest, smooth taxpayer impact and potentially lower long‑term interest costs despite higher up‑front issuance expenses.