The East Valley Tribune reports that the city council will move toward having the election while recognizing that the lake needs other improvements with unknown costs.
Tempe also could find other funds that make the bond unnecessary.
The city estimates that $37.5 million is needed to replace the four rubber bladders on the lake’s west end by December 2015 — $4 million more than previously estimated.
The city has until July to call the election.
Tempe Mayor Hugh Hallman says the city needs to have the bond package as an option even as it explores grants or raising funds by selling or leasing property near the lake.