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Mount Vernon council authorizes up to $29 million in notes for new police station after fiscal review
Summary
After more than an hour of questioning on costs and debt capacity, Mount Vernon City Council voted unanimously March 23 to authorize up to $29 million in bond anticipation notes to build a new police station; city finance staff and consultants said current debt schedules and cash reserves make the borrowing manageable pending a final guaranteed maximum price.
Mount Vernon — The City Council voted unanimously March 23 to authorize the issuance of notes in an amount not to exceed $29 million to finance construction of a new police station and related facilities, a move proponents said is needed to replace aging facilities and expedite relocation from an unsafe office building.
Councilmember Mr. Maym moved to adopt Ordinance 2026-04 on third reading; the motion passed with all members present voting "yes." The vote followed extended committee discussion, presentations from the city auditor and outside financing and project consultants, and questions about timing and fiscal impact.
Why it matters: City officials said the timing is driven by building condition and the need to consolidate operations. Dan, the city auditor, told council the city currently pays a little over $2 million a year in debt service and that…
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