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Chief outlines $2.3M bond for Fire Station 1 addition; estimates $170K annual debt service
Summary
Fire Chief Stephen Locke described a proposed 2,300-square-foot addition to Fire Station 1 and a ballot question to authorize borrowing up to $2.3 million; professional estimates put the project near $2.5 million and staff said a capital assessment fee plus rental-registry fund surpluses would service the debt.
Stephen Locke, deputy city manager and fire chief, described Question 3 on the ballot: an addition of about 2,300 square feet to Fire Station 1 on Dorset Street to house prevention staff and improve space for public meetings. Locke said professional estimators priced the conceptual project at roughly $2.5 million and the city is proposing a bond "not to exceed 2,300,000 for 20 years," which he said would yield an annual debt payment of about $170,000.
Locke explained operational reasons for locating prevention staff with operations (cross-pollination between rental-housing inspections and commercial-occupancy inspections) and said temporary office trailers currently used lack bathrooms and meeting space. He said the city expects the recently approved capital assessment fee to generate about $150,000 per year and that the rental-registry enterprise fund surplus would cover remaining debt service; the administration plans competitive bidding and said it would only borrow what is needed, not the full authorized amount if costs come in lower.
