Frank Denbowski, the mayor's chief of staff, said the agreement is for the city to pay the Hope Rescue Mission $15 an hour, per worker.
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"Reading was unbearable last year on the Fourth of July; it was like a war zone."
Michael Vind, managing director at Financial S&Lutions, LLC, told council the restructuring of the debt would simply move the principal amounts from 2014 and 2015 bond issues to the back-end of the city’s portfolio.
People will be able to pose questions to officials about the proposed citywide program at the virtual meeting on July 7.