Working for a safe, affordable, vibrant, innovative, and interconnected city.
Learn More Home Page
I want to search within the following: This Department
Follow UsTwitterFacebookFlickrpodcastCouncil Connections blogRSS feeds
Seattle City Council Home Page

Visit Individual
Councilmember Pages

Seattle City Council Sally Bagshaw Rob Johnson Kshama Sawant Lorena González Mike O'Brien Debora Juarez Bruce Harrell Lisa Herbold Tim Burgess
   Home    Contact Us Council Calendar News & Updates Committees & Agendas Current Issues Council Live Research City Laws  About Us 
Council Blogs
& Social Media Links
Meeting Agenda Archive
Meeting Video Archive

Current Issues
Past Issues
Audit Committee
OPA Review Board (OPARB)
Boards, Panels & Commissions
Seattle Transportation Benefit District
Customer Service Bureau

About Us/
Frequently Asked Questions
Contact Us
Visiting City Hall
Access to City Hall for Individuals with Disabilities

Full Council Action Summary
Work Program
2012 Action Plan
2011 Annual Report
Council Visitors'
Sign in Sheets
Legislative Records

LIVE! Council Meetings
Seattle Channel
City Inside/Out
Audio Podcast

City Logo

Council News Release

5/16/2008  11:57:00 AM
Newell Aldrich (206) 386-9011

Councilmember Nick Licata

Councilmember says the $43 million in Councilmanic debt is ill-advised

SEATTLE Councilmember Nick Licata voted yesterday against a bond ordinance in the Finance and Budget Committee that would issue $43 million in councilmanic debt for the $193 million Mercer Corridor Project. Councilmember Licata said, Why issue $43 million in bonds for a project that has yet to receive the green light? This would only compound the Citys financial risk, since these bonds are legally backed up by our general fund and not a specific revenue source. If the City makes a firm decision to build this project, despite the financial risk, we could issue the bonds at that time. It doesnt make sense to sell the bonds now.


City Council

Council Connection: News & Updates
Contact us

City of Seattle LogoSeattle City Hall
600 Fourth Ave. 2nd Floor
Seattle, WA 98104
Visiting City Hall

Access to City Hall for Individuals with Disabilities
Mailing Address:
PO Box 34025
Seattle, WA 98124-4025
City Customer Service: 206-684-2489
City Council Front Desk: 206-684-8888
Fax: 206-684-8587
TTY/TDD: 206-233-0025
Listen Line: 206-684-8566
Non -English Language Information