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Decatur council hears plan for roughly $31.5 million bond package for water, wastewater and fire station
Summary
City Manager Nate Mara told the Decatur City Council the city is moving toward a $31.5 million certificate-of-obligation package focused on water, wastewater and Fire Station 2, with an estimated tax impact of roughly 3.5 to 6.5 cents depending on growth and impact-fee use.
City Manager Nate Mara told the Decatur City Council that staff has narrowed a proposed certificate-of-obligation package to about $31.5 million, focused on water and wastewater projects and construction of Fire Station 2.
Mara said the package was reduced from an earlier maximum figure and described it as two principal groupings: a public-safety package near $21 million and a public-health/utilities package of roughly $10.05 million. "We pulled it down from 35 or 65,000,000 down to 35,000,000," Mara said, adding that the figures presented were preliminary and that "these are rough numbers." The council indicated informal support to proceed to bond counsel and municipal advisors.
The plan and why it matters
Mara framed the package as necessary to support infrastructure and public-safety needs tied to Decatur's recent growth. The water and wastewater portion includes engineering and 30% design fees to advance three major projects:…
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