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Council approves $330,500 backup appropriation to advance Nineveh fire-station design
Summary
Johnson County Council voted to appropriate $330,500 from the cumulative capital development fund to cover professional services for a planned Nineveh fire station while the district pursues bond financing for a $12.73 million project.
Johnson County Council on Aug. 11 approved a conditional appropriation of $330,500 from the county—s cumulative capital development fund to pay early professional costs tied to a planned replacement fire station in Nineveh Township.
Jeff Peters, financial adviser with Peters Franklin, told the council the appropriation would cover architects, engineers, legal and accounting fees that the Nineveh Fire District would incur before the district—s planned bond issuance. "So the proposal here is for the cumulative capital development fund to appropriate $330,500 if the project were to fall through. If it goes to fruition, all those costs will be part of that 12,730,000.00 and paid for out of the bond proceeds, and there would be no need for expending that appropriation," Peters…
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