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Council approves first reading for Nineveh Fire District bond plan to replace aging station
Summary
County advisers presented a $4.07 million lease‑rental bond plan for the Nineveh Fire Protection District to replace a 1955 firehouse; the council approved a first reading and will hold a public hearing in April. The financing would run 20 years and is estimated to add about 9.2¢ to the tax rate (about $116/yr on a $250,000 homestead).
The Johnson County Council voted on March 9 to approve a first reading of an ordinance that lets the Nineveh Fire Protection District issue lease‑rental bonds through a building corporation to pay for a new fire station.
Jeff Peters, municipal adviser with Peters Franklin, told the council the project — originally proposed in 2020 and later revised — now carries a total cost of $4,070,000 and is structured as a 20‑year, property‑tax‑supported repayment. Peters said tax repayments would begin in pay 2028 and finish in 2048 under the proposed schedule.
The municipal adviser and bond counsel explained the…
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