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Sandy Springs approves $50.5 million bonds to fund three fire-station projects
Summary
The Sandy Springs Public Facilities Authority and City Council approved revenue bonds not to exceed $50,500,000 to buy land and replace or improve three fire stations; council and staff described project scope, anticipated debt service and timeline while residents raised neighborhood and environmental concerns.
The City of Sandy Springs Public Facilities Authority and the City Council on Aug. 5 approved revenue bonds in an amount not to exceed $50,500,000 to fund fire and safety projects, including acquisition of land for a new Fire Station 4, repairs to Station 3 on Raider Drive, and a complete replacement of Fire Station 1 at 1425 Spalding Drive. The Public Facilities Authority item (PFA 20‑25‑15) was approved first by the authority; the council later approved a companion bond resolution authorizing the lease and debt service arrangement with the authority.
City Manager Eden Freeman told the authority the financing will “formally initiate the debt issuance process for $50,500,000,”…
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