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County outlines financing plan for Gloucester Volunteer Fire & Rescue Station 1, recommends $20M not‑to‑exceed ceiling
Summary
Deputy county administrator/CFO Maria Callaway briefed the board on procurement and financing for a proposed Gloucester Volunteer Fire & Rescue Station 1, recommending a public‑hearing 'not to exceed' borrowing ceiling of about $20 million to provide flexibility.
Deputy county administrator and CFO Maria Callaway told the board that the county and Gloucester Volunteer Fire & Rescue are advancing a two‑step procurement (RFQ to prequalify contractors, then IFB) for the new Station 1 and have discussed borrowing options to fund construction and borrowing costs.
Callaway said stakeholders in a December meeting agreed to pursue 501(c)(3)…
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