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Council approves bond appropriations and BOT agreement for DPW campus, Westside Fire Station
Summary
The council appropriated previously authorized bond proceeds for the DPW campus and the Westside Fire Station, and approved a BOT agreement with GM Development for Fire Station 295 with a guaranteed maximum price of $7,996,767; financing closings were anticipated in the coming weeks.
The Town of Zionsville on April 26 approved several financing actions to advance capital projects including the DPW operations campus and a new Westside fire station.
Barnes & Thornburg counsel told the council the previously authorized general obligation bond for the DPW campus (not to exceed $14,745,000) needs a formal appropriation of proceeds into a local project…
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