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Macedonia Council approves $13.4M notes for new service center, citing dilapidated existing facilities
Summary
Macedonia City Council approved an ordinance authorizing notes in anticipation of bonds to fund a new service center—part of a roughly $17 million project—while officials said the city will cover about 25% with cash on hand and will not seek new tax revenue.
Macedonia City Council on Tuesday approved Ordinance 81-20-25, authorizing the issuance and sale of notes in anticipation of bonds up to $13.4 million to finance a new municipal service center. Mayor Nick Poulnar and city finance staff said the total project is estimated at about $17 million and that the city plans to contribute roughly 25% from cash on hand rather than asking voters for new taxes.
The measure was presented by Director Veres, who described the proposal as the city’s largest capital undertaking and part of a financing package that also includes a $2.6 million rollover of prior notes (Ordinance 73-20-25). Poulnar said the existing service facilities are in poor condition—citing rotted structural posts, leaking ceilings, mold odors and inadequate indoor equipment storage—and stressed the project is a “need, not a want.” He said the new center will centralize storage, bring equipment indoors to extend its service life and include a 100-person training area for in‑house staff training and hosted regional courses.
Council discussion focused on funding and timing. Director Veres told council the city will market the borrowing in early January and reiterated that the financing will not draw from the road-levy fund, which is restricted for road projects. Poulnar said the service-building fund is limited to safety and service uses and cannot be reallocated to roads.
The council moved and adopted the ordinance by voice vote. Poulnar announced a groundbreaking scheduled for Tuesday the 16th and invited state and county officials to attend. No tax increase was proposed in connection with this project; officials said the funding strategy uses reserve funds and debt timed to market conditions.
What’s next: With the ordinance adopted, the administration expects to go to market for bond anticipation notes in early January and proceed to bond issuance within roughly a year. The council did not specify construction start dates beyond the planned groundbreaking event.
Sources: Council discussion and presentations during the December council meeting and the mayor’s report.
