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Council adopts resolution of necessity for Fire Station 1 expansion; bond framework presented
Summary
After a public hearing, the council unanimously adopted a resolution of necessity and a declaration of intent to reimburse for a proposed addition to Fire Station 1. Staff presented a conservative financing plan that included a $2.3M bond over 20 years with estimated annual payments of about $170,000.
Fire Chief Steven Locke presented plans for an approximately 2,300–2,500 square foot addition to Fire Station 1 to consolidate rental‑registry and inspection staff and provide meeting and break spaces. Locke said consultant pricing estimated construction costs and that staff were conservative in their assumptions.
"It's basically 1000 bucks a square foot," Locke said when describing the consultant pricing. Finance Director Martha Machar and Locke outlined a financing scenario that would use a $2.3 million bond amortized over 20 years with annual payments of roughly $170,000 and noted the city has rental‑registry surplus revenues and capital assessment fee revenues that could help offset debt service. The council adopted both the resolution of necessity and a declaration of official intent unanimously.
