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Speedway Public Library plans loan to replace aging HVAC; board commits $500,000 from savings
5609101 · August 20, 2025
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Summary
Library director said the HVAC replacement is estimated at $1.2–$1.5 million; the library board plans to apply $500,000 in reserves and borrow for the remainder, structuring the budget to cover the first-year loan payment.
The Speedway Public Library told the council on Aug. 20 that it plans to replace an aging heating and air conditioning system and to cover the first-year loan payment in its 2026 budget.
Darcy (Library Director) said the library’s HVAC system dates to 1991 for an addition to the 1968 building, has required frequent repairs (about $15,000–$30,000…
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