Subject:
Title
8:30 p.m. - 9:15 p.m. Set a Public Hearing on Bond Ordinance for Nov. 10, 2025
Body
DATE(S) OF PRIOR COUNCIL CONSIDERATION OF THIS ISSUE:
Sept. 15, 2025 work session
EXPLANATION AND SUMMARY:
The Town needs to borrow money for the proposed projects in the 2026 Capital Improvement Plan (CIP). These projects include parks and recreation facility improvements, building improvements, transportation improvements, water and sewer infrastructure investments, and other public improvements. The Town borrows money via the issuance of general obligation bonds. These bonds will be repaid via meals tax revenue and water and sewer fees.
The amount to be borrowed is as follows:
Meals Tax Funded projects: Not to exceed $10,000,000.00
Water and Sewer funded projects: Not to exceed $10,000,000.00
Total Not to Exceed (Including Closing Costs): $20,000,000.00
A public hearing allows Vienna residents an opportunity to comment on the debt issuance. A public hearing will be held on November 10th, 2025, to allow for public comment.
Departmental Recommendation: Recommend setting a public hearing.
Finance Recommendation: Recommend setting a public hearing.
Purchasing Recommendation: N/A
Town Attorney Recommendation: The Town Council may set a public hearing to receive public input on the proposed issuance of debt, in the discretion of the Town Council.
Town Manager's Recommendation:
Cost and Financing: $20,000,000
Account Number: various
Prior Funding Approval: Annual General Budget (Year), Amendments, CIP Budget (Year), or ARPA. 2026 CIP Budget
Decision Needed by this date: Oct. 6, 2025
PROPOSED/SUGGESTED MOTION
Recommended Action
"I move that a Public Hearing on a Proposed Bond Ordinance authorizing the issuance of general obligation bonds or other forms of indebtedness by the Town of Vienna, Virginia, in an aggregate principal amount up to $20,000,000.00, in one or more series, which may be tax-exempt or taxable, for the purpose of financin...
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