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Council authorizes Canton Building Authority bond to finance downtown fire station; Synovus offers 20‑year note at 4.18%
Summary
The council approved a resolution and intergovernmental contract enabling the Canton Building Authority to issue revenue bonds to finance an estimated $8 million renovation of the downtown fire station; staff said Synovus Bank offered a 20‑year note at 4.18% with no call restrictions and that impact fees will service the debt.
The Canton City Council on Oct. 16 approved a resolution authorizing the execution of an intergovernmental contract relating to the Canton Building Authority revenue bond series 2025 to finance renovation of the downtown fire station.
Mister Ingram, city staff presenting the financing plan, said the project is estimated at approximately $8 million and that the…
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