Bettendorf city staff is recommending to the city council a five-year capital improvement plan which would slow the rate of debt financing and result in a debt margin of 29 percent by fiscal 2017-18. The current city debt margin is down to 20 percent, and state law limits municipal debt margins to 15 percent.
The capital improvement plan for the coming 2013-14 fiscal year calls for issuing $10 million in general obligation bonds mostly for street improvements, $700,000 in bonds for the first year of a projected 6-year $4.2 million for development of the new Forest Grove Park, $700,000 for updating of the Family Museum exhibit hall, $4 million for sewer system upgrades and $2 million for stormwater management projects.