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Petersburg board flags fire truck and city garage as upcoming capital priorities
Summary
Board members discussed planning for a future fire truck (to be bid) and potential construction of a new city garage, noting costs are not yet determined and any truck purchase would be contingent on township participation.
Members of the Petersburg board spent a portion of the meeting outlining near-term capital needs, including a potential contribution toward a new fire truck and the possibility of replacing an unsuitable city garage building.
No dollar amounts were approved. Board members said any purchase of a fire truck would require a formal bidding process and contingent agreement with the township and other partners. The board noted that the timeline for preparing specifications and bids is several months and that finance options such as lease-purchase may be considered.
Separately, members raised concerns about the condition of an existing municipal building used as a garage and said early planning suggests the town may need to construct a new facility this year. Board members discussed checking city funds availability and agreed further analysis is necessary before any appropriation or formal motion.
The discussion also touched on the town's longer-term debt obligations: members recommended keeping a multi-year reserve in CDs to cover bond payments if revenues decline, with suggested cushions of three to five years. A TIF revenue range of roughly $320,000'$325,000 per year was mentioned as part of the revenue picture, but members emphasized the need to preserve reserves before committing to major capital outlays.
Next steps: staff will examine available funds and prepare bids/specifications for committee review, and the board will seek township input on cost-sharing for the fire truck.
