Agenda

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Item # 4.a.

City Council (FY24)

Meeting Date:	02/13/2024
Department:	Finance
Pillars:	Excellence in Transportation Systems Gold Standard in Financial Health
Milestones:	Improve all modes of transportation with infrastructure in an acceptable condition and well maintained Continue development and implementation of the Long-Term Financial Plan

AGENDA CAPTION:

Present and discuss the State Infrastructure Bank.

BACKGROUND:

The goal of the State Infrastructure Bank (SIB) program is to provide low cost and innovative financing methods to communities to assist them in meeting their infrastructure needs. The SIB program allows borrowers to access capital funds at or below market interest rates. Staff will present information related to the program and how it may be used by the Town of Addison.

RECOMMENDATION:

Staff seeks Council direction.

Attachments
Presentation - State Infrastructure Bank