Citizen Portal
Sign In

Council adopts resolution to reimburse expenditures tied to future tax‑exempt bonds for fire‑rescue headquarters

Town Council of Hilton Head Island · December 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council approved a resolution declaring intent to reimburse certain expenditures for the new fire‑rescue headquarters from proceeds of a future tax‑exempt bond issue; staff noted closing on Park Lane properties remained pending.

The Town Council voted Dec. 18 to adopt a resolution declaring the town’s intent to reimburse certain expenditures related to the new fire‑rescue headquarters from proceeds of a tax‑exempt general-obligation bond anticipated in 2026.

Town staff explained the approach: the town will use general‑fund and real‑estate-transfer‑fee dollars initially to pay for some costs (including property acquisition) and intends to reimburse those amounts from the bond proceeds once bonds are issued. Staff noted that closing on the 10 Park Lane parcel had not occurred as of the meeting and that several due‑diligence items remained outstanding.

The motion to consider the resolution was moved by Miss Bryce and seconded by Miss Becker; the council approved the resolution by voice vote (recorded as 7–0).