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Board approves up to $10.5 million lease financing for Riverstone Fire Station; public finance authority adopts mirroring resolution
Summary
Supervisors approved a lease financing resolution to fund construction of Riverstone Fire Station No. 6 using fire impact fees and a 20‑year debt structure; the Public Finance Authority adopted a companion resolution.
The Madera County Board of Supervisors voted to adopt a resolution authorizing property lease financing to fund the Riverstone Fire Station (Fire Station No. 6) and other public improvements.
County administration staff told the board the project’s total estimated cost is about $14.5 million. The county reported roughly $5 million in available fire impact fee funds and said it…
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