Limited Obligation Bonds for Sports Complex and Fire Apparatus
At a glance
What: financing of up to $28.5 million through limited obligation bonds: about $18 million for the McArthur Road Sports Complex and $8 million for fire apparatus.
Where it stands: A public hearing was held on 2026-10-12. A bond sale resolution was on the 2026-10-26 agenda; the outcome was not read.
Next: Bond sale and closing, not found in the sources read.
Financial advisor update received and the preliminary limited obligation bond resolution adopted unanimously, covering about $26 million (roughly $18 million sports complex, just under $8 million fire apparatus).
Public hearing on limited obligation bonds not to exceed $28.5 million (McArthur Road Sports Complex $18 million, fire apparatus $8 million). No one spoke. Final approval set for October 26, Local Government Commission November 3, pricing November 11, closing December 3; debt service begins in fiscal 2028.