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Newton Council tables $5.56 million fire station financing decision; special meeting to be scheduled
Summary
Council discussed four financing proposals to fund a $5,562,000 fire station project and staff recommendations favoring Truist or Webster Public Finance, but the Council voted unanimously to table the decision and set a special meeting for further discussion.
The Newton City Council on Feb. 3 reviewed competing financing proposals to fund design and construction of a new fire station with estimated costs of $5,562,000. Finance Director Kim Robinson summarized the RFP process and four proposals received: Truist, Huntington National Bank, Webster Public Finance and Peoples Bank.
Robinson said Truist offered the lowest stated interest rate for…
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