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Board approves $15.44 million sanitation-fund advance to front Fire Station 95 construction
Summary
The Greenwood Board of Public Works and Safety on July 7 authorized an appropriation of $15,443,388 from the sanitation utility to front-fund construction of Fire Station 95, with plans to reimburse the utility through bonds issued from the Worsville Road TIF after project completion in 2026.
The Greenwood Board of Public Works and Safety approved an appropriation of $15,443,388 from the city’s sanitation utility to provide interim funding for construction of Fire Station 95. Greg Borg, a city staff member, told the board the appropriation would be reimbursed next year with bonds issued from the Worsville Road tax-increment financing (TIF) district when the project is turned over to the city.
The appropriation was presented after the Redevelopment Commission approved a financing plan that anticipates bond issuance on project completion. Borg said using sanitation utility cash up front would reduce interest costs by avoiding a long-term borrowing need before the bonds are issued. He gave an estimated project completion date of summer 2026 and asked the board to authorize the appropriation so work can proceed.
Board members moved, seconded and voted to approve the appropriation as presented. No roll-call vote tally by name was recorded in the transcript; the motion was approved by voice vote.
The board did not specify exact contract awards or a construction timeline in the discussion beyond the estimate; Borg said the bonds would reimburse the sanitation utility when the project is complete. The board did not record any conditions on the appropriation in the meeting minutes beyond the reimbursement plan described by Borg.
Members of the public and other agenda items that followed were not tied to additional conditions on the Station 95 funding.
