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Atascadero council and financing authority approve lease revenue bonds to fund new public-safety facilities
Summary
The Atascadero City Council and the Atascadero Financing Authority unanimously approved a package of lease revenue bond authorizations to finance construction and renovations for two fire stations and upgrades to the police building using Measure D20 funds.
The Atascadero City Council, sitting also as the Atascadero Financing Authority, voted unanimously to approve resolutions authorizing the issuance of lease revenue bonds to fund a public safety facilities project, city staff said at a public hearing.
Administrative Services Director Rangel summarized the financing and its purpose: "These bonds are being issued for the public safety facilities project, which is a critical investment for the safety and well-being of our community," and said the city will make semiannual debt-service payments from Measure D20 funds.
Nut graf: The financing will provide the capital to rebuild Fire Station 1, comprehensively renovate Fire Station 2 and complete targeted upgrades at the police station, including a new dispatch center and security and locker-room improvements. Staff and the city’s municipal…
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