Summary
The city plans to refinance up to $12.5 million in 2016 bonds for the University Town Center special taxing district to capture lower rates — potentially lowering special taxes for district property owners with no cost to general taxpayers. A public hearing and final vote come July 13.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jul 28, 2026.
Impact analysis
Could reduce special taxes paid by UTC district property owners; no general obligation for the city.
Property owners in the University Town Center Special Taxing District.
Mentions & discussions (3)
Race and Equity Task Force - Jul 28, 2026
The council discussed refinancing the UTC special fund tax bonds; the current rate is about 5% and the city was urged to renegotiate to 8%, which some members found puzzling. Lower rates would save Ward 3 residents money.
City Council - Jul 13, 2026
The city is refinancing the 2016 UTC special obligation bonds so property owners in that special taxing district pay less in supplemental special taxes — about $50,000 a year in combined savings through 2034. The bonds stay payable only from district taxes, not the city's general credit.
City Council - Jun 8, 2026
The city plans to refinance up to $12.5 million in 2016 bonds for the University Town Center special taxing district to capture lower rates — potentially lowering special taxes for district property owners with no cost to general taxpayers. A public hearing and final vote come July 13.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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