CPC staff briefed committee members Oct. 8 on the committee's fiscal picture for fiscal year 2026 and the implications of several large pending requests, including a land acquisition contingent on a state grant.

Sarah (CPC staff) told members estimated local CPA revenue for FY26 is "just under $2,000,000" and she estimated the state match at about "$357,000." She also said $75,000 is deducted for the administrative account and that debt-service obligations for existing bonds total just under half a million dollars in the coming year.

Sarah said the Mineral Hill South acquisition is contingent on a state land grant; if that grant is not awarded the committee's request from CPA funds would rise "to the full project amount" and that could push total fall requests to exceed available funds. Chair Anne Bridal stated, "We would have nothing left for the spring. We would spend everything that we have this fall for the spring." Sarah confirmed that bonding and land acquisition are eligible for bonding in some cases, but affordable housing requests cannot be bonded.

Committee members asked for clarification about whether specific projects could be bonded and which items would start repayments in future fiscal years. Sarah walked the committee through the expected bond payments for projects already financed and noted the Leahy (Leed/Lehi?) school playground payments begin in fiscal year 2027.

Members asked that staff double-check whether some city-owned properties could be bonded for acquisition. Sarah agreed to confirm eligibility questions and to provide further detail to the committee prior to final recommendations to city council.