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Soldier Township approves sale of bonds to fund new fire station
Summary
The board approved Resolution 26-03 to sell general obligation bonds to finance a new fire station after a presentation of a calendar and a preliminary amortization schedule; the board also approved opening a dedicated bank account for the bond funds. Motion carried 3-0.
The Soldier Township Board voted to approve Resolution 26-03 authorizing the sale of general obligation bonds to finance a new fire station. David Arteberry of Stifel, Nicolaus & Company presented a calendar of events and a preliminary amortization schedule before the board approved the resolution by a 3-0 vote.
The presentation outlined timing and preliminary repayment assumptions but did not include final amortization figures or the bond amount. The board also approved opening a dedicated account at Silver Lake Bank to hold proceeds from the fire station bond. Both actions were moved and seconded and carried unanimously.
Administrator Audree Guzman told the board that an exterior design and a floor plan for the station had been selected and that the project remains on schedule for a planned groundbreaking in June 2026. The board took no further spending action beyond authorizing the bond sale and establishing the account; details such as the exact bond amount and final amortization schedule were not specified in the meeting record and will be finalized during the bond-closing process.
