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Stewartville council approves consideration of library expansion and bid awards after tax debate
Summary
After debate over cost and tax exposure, the Stewartville City Council voted unanimously to approve consideration of the proposed library expansion and recommended bid awards; staff reported about $2.243 million on hand plus projected interest, $138,000 in property-tax revenue and $40,000 in pledged donations.
The Stewartville City Council voted unanimously to approve consideration of a proposed expansion to the Stewartville Library and recommended bid awards after an extended discussion about cost, phasing and tax impacts.
The project presented by city staff calls for an addition to the existing library that would add a community room, study and project rooms, an extra set of restrooms and a future courtyard. A staff presenter said the solicitation yielded bids across roughly 20 categories and that "they got a 120 responses," signaling broad contractor interest.
Council members and staff framed the decision around financing and timing. A staff representative reported the city has about $2.243 million in cash on hand, expects $280,000 in additional interest income before year-end, anticipates $138,000 in property-tax revenue this year for the library capital…
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