Commission approves SPLOST-backed bond to fund $8.5 million Decatur Square transformation
The City Commission adopted a bond resolution to issue SPLOST-backed general-obligation bonds to fund an $8.5 million Decatur Square transformation project, approved associated materials testing services, and announced a groundbreaking for April 17, 2025.
The full story
The City Commission voted to adopt resolution R-25-XX authorizing the issuance of general-obligation sales-tax bonds to finance the $8.5 million Decatur Square transformation capital project. Staff told the commission the bonds will be repaid from SPLOST 2 sales-tax proceeds and that the city expects approximately $30.5 million in SPLOST 2 revenue over six years, with $11.5 million already earmarked for prior debt service.
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