Macedonia officials say service center complex should break ground in 2025; council reviewing financing
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Summary
Council and staff reported they have shortlisted contractors and expect to break ground on the Service Center Complex in 2025; council plans to keep borrowing short-term and carry forward principal payments in the multi-year debt schedule.
City leaders told council on Sept. 11 they expect to move forward on the Service Center Complex and aim to break ground in 2025. Staff said the city received 19 proposals for construction; a short list of four contractors remains and the city will hold additional interviews and follow-up meetings before final selection. Officials said they have uncovered cash for a down payment and will keep borrowing terms short-term while watching interest rates.
Finance staff presented a multi-year debt consolidation and projected principal payments. Officials noted the city expects the last payment for the 800 megahertz radio borrowing in December and will channel estimated debt‑service relief into the Service Center Complex payment schedule. Staff emphasized they plan to maintain flexibility by keeping borrowing in short-term bands until market rates improve.
Council asked staff to provide more detailed schedule and cash-flow information as the selection process concludes and a construction contract is prepared.
Ending: Staff said they will return with contractor selection recommendations and a proposed financing package; council emphasized the goal of starting construction before year end 2025 if final procurement and financing align.