Maybe you don't understand how bonds work - it's like a mortgage. You get the money upfront so you can buy your house, and the debt starts right away. Same with bonds. The city already has the money and the debt. The bond was approved for transportation projects in 2006 so this is it. Plus Third Street is not a city street, it's a state "maintained" road which I guess is why the city is working with the state on fixing it up.
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