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Fresno council authorizes lease revenue bond package to fund fire, 9‑1‑1 and police projects
Summary
The Fresno City Council on Aug. 14 approved a lease revenue bond authorization that will provide funding for three public‑safety projects — a new Fire Station 12, a 9‑1‑1 dispatch center and tenant improvements for a new police headquarters — with the administration citing an A+ credit rating and a plan to mix impact fees and general‑fund resources to pay debt service.
The Fresno City Council on Aug. 14 approved a lease revenue financing package that will fund three public‑safety projects: a replacement Fire Station 12, a new 9‑1‑1 dispatch center and tenant improvements at a planned police headquarters.
In a staff presentation, Finance Director Santino D'Nisi told the council the proposed issuance would cover an estimated $18 million for Fire Station 12, $16.8 million for the 9‑1‑1 call center and about $12 million for police headquarters tenant improvements. D'Nisi said the administration is seeking authority to sell up to $56 million of bonds to provide market contingency and to capitalize interest so debt service payments begin in fiscal 2029‑30. "That helps the city with lowering borrowing costs and interest costs," he said, noting S&P affirmed an A+ rating for this issuance.
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