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Saratoga Springs schedules presentations on proposed $25 million police station as council debates timing and debt limits
Summary
The Saratoga Springs City Council set a multi-part presentation for the proposed $25 million police station and related bond analysis for the next meeting; council members debated sequencing, prior consultations and the potential effect on the city's debt capacity and credit rating.
Saratoga Springs City Council members scheduled three presentations for tomorrow evening that will include a detailed needs presentation for a proposed $25,000,000 police station and a fiscal-adviser review of debt-service costs and bond impacts. Council members spent much of the meeting debating whether the issue had been vetted sufficiently before appearing on the council agenda.
The presentations will include: an overview of the facility needs, a fiscal-adviser analysis of the bonding and debt-service costs, and…
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