Roswell City Council considers $93.4M bond issuance for parks and public safety projects

In the heart of Roswell's city hall, council members gathered on April 15, 2025, to discuss a pivotal financial decision that could shape the future of the community. The atmosphere was charged with anticipation as Chief Financial Officer Bill Godshall presented a resolution to approve the issuance of a second tranche of general obligation bonds, a move aimed at funding critical projects across the city.

Godshall began by reflecting on the success of the first bond tranche, which was approved by voters in 2022. This initial issuance raised a substantial $86.2 million, earmarked for recreation, public safety, and a downtown parking deck. With projects like the Big Creek and East Roswell parks underway, the council is now poised to build on this momentum.

The proposed second tranche seeks to raise an additional $93.4 million, with allocations of $65.2 million for parks and recreation and $28.2 million for public safety. This funding is crucial as the city navigates ongoing projects, including the construction of a new public safety headquarters and enhancements to the 911 call center, both projected for completion in 2025.

A key aspect of the discussion centered on the financial strategy behind the bond issuance. Godshall highlighted the potential to sell the bonds at a premium, which could generate an extra $2 to $3 million in cash for project execution. This approach, he noted, would not impact the millage rate for taxpayers, a point that reassured council members concerned about the financial burden on residents.

The council also discussed the projected millage rate increase, estimating it would rise by only 0.3 mills, translating to an average annual cost of $69 for homeowners with properties valued at $575,000. This modest increase is a significant improvement compared to the previous tranche, which saw a 0.8 mill increase.

As the meeting progressed, council members expressed their appreciation for Godshall's thorough presentation and proactive planning. Mayor Wilson commended the financial team for their foresight, noting that the city is on track with its financial goals despite market fluctuations.

Looking ahead, the council plans to finalize the bond sale by June 23, 2025, with cash closing expected by mid-July. This timeline reflects the city’s commitment to transparency and efficiency in managing public funds, ensuring that Roswell continues to thrive as a vibrant community.

As the meeting concluded, the sense of purpose among council members was palpable. With the second tranche of bonds on the horizon, Roswell is poised to enhance its parks, bolster public safety, and improve the quality of life for its residents, all while maintaining fiscal responsibility. The decisions made today will echo in the community for years to come, shaping the landscape of Roswell for future generations.