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Council authorizes up to $35M in general obligation bonds for fire/EOC and conservation land
Summary
After debate over scope and amount, council voted 5‑2 to authorize not‑to‑exceed $35 million in general obligation bonds (15‑year) to fund acquisition/renovation for a new fire/rescue and emergency operations center and to acquire land for conservation; council broadened ordinance language to allow funding of capital projects 'including but not limited to' those items.
The Hilton Head Island Town Council voted Dec. 9 to authorize general obligation borrowing of up to $35 million to fund capital projects, specifying acquisition and renovation of property for the town’s fire‑rescue headquarters and emergency operations center and to purchase land for conservation purposes.
Finance Director Dave Byrd presented two scenarios — borrowing $25 million or $35 million over a 15‑year repayment…
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