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Dothan approves $55.8 million city hall contract, authorizes public building authority financing
Summary
The Dothan City Commission voted May 6 to transfer city-owned land to the Public Building Authority, authorize a lease and loan structure covering roughly $68 million for a new city hall and annex, and award a construction contract not to exceed $55,846,576.
The Dothan City Commission on May 6 approved transferring property to the city's Public Building Authority, authorized a lease and loan arrangement to finance a new city hall and annex and awarded a construction contract for the city hall. The commission approved a quitclaim deed to the Public Building Authority, a lease/indenture and an agency agreement to allow the authority to own and manage the project and authorized city staff to act as agent for the project.
The financing package discussed by the commission includes an approximately $68,000,000 loan to cover the city hall and annex projects. Marcy Lewis, financial adviser with PFM…
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