What should the City of Edmonds do with the $1.3 million in reserves from sale of the Fire Department assets?
Pay off City Hall Bonds so that money can accumulate for future Capital improvements? (Accumulations of approximately $370,000 annually)
Pay off other bonds so that money can be available for the General fund? (Savings of approximately $370,000 annually)
Pay off City Hall Bonds so that new longer-term bonds can be issued for capital improvements
Save it for future increases in the cost of fire services
Save it for future unanticipated needs
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