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Spanish Fort approves $2 million warrant to finance E‑ONE pumper and buy land near Spirit Park
Summary
The Spanish Fort City Council adopted an ordinance authorizing a general obligation warrant of up to $2 million to United Bank to finance the purchase of property adjacent to Spirit Park and to help fund the purchase of an E‑ONE custom pumper truck; all measures passed by roll call vote.
The Spanish Fort City Council on a unanimous roll call approved an ordinance authorizing the issuance of a general obligation warrant of up to $2,000,000 to United Bank, to be used to buy parcels adjacent to Spirit Park and to finance the purchase of an E‑ONE custom pumper truck.
The action came after a brief public hearing that produced no speakers and a motion to suspend the rules for immediate consideration. Mr. Connor, a city staff member who presented the ordinance, said the warrant "is to purchase certain real property or parcels of real property, adjacent to Spirit Park," and to buy an E‑ONE fire pumper. The ordinance sets a 10‑year term with an interest rate of 3.85…
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