Title
Resolution Authorizing Issuance of 2025 Capital Improvement Bonds for the Fire Station No.4 Replacement Project (Not to Exceed $12,000,000.00) (Limited Tax General Obligation) (6 Votes Roll Call)
Memorandum
This resolution requests City Council approval for the issuance of 2025 Capital Improvement Bonds (Limited Tax General Obligation) in the maximum principal amount of $12,000,000.00 for purposes of financing costs to construct, furnish, and equip the replacement of Fire Station No. 4, which was built in 1966.
The project will build the City's first carbon-neutral facility, a net-zero fire station, one of the first in the state, at the current Fire Station No. 4 location on Huron Parkway. The facility will produce energy through geothermal heating and cooling, solar panels, and an architectural design that encourages energy efficiency. In addition, the facility will also be gender-neutral to accommodate firefighters of all gender identities.
The City of Ann Arbor will be responsible for repayment of the bond proceeds, interest, and other related issuance costs through the allocation of funds per State of Michigan Public Act No. 289 of 1977 "Fire Protection Services for State Facilities," which allocates funding to municipalities that provide fire protection services to state-owned facilities.
Staff
Prepared by: Marti Praschan, Interim Deputy City Administrator
Kim Buselmeier, Interim Chief Financial Officer
Reviewed by: Michelle Landis, Senior Assistant City Attorney
Approved by: Milton Dohoney Jr., City Administrator
Body
CITY OF ANN ARBOR
Certified Copy
Resolution R-25-
File Number: 25- Enactment Number R-25-
RESOLUTION AUTHORIZING ISSUANCE OF
2025 CAPITAL IMPROVEMENT BONDS
(LIMITED TAX GENERAL OBLIGATION)
(FIRE STATION NO. 4)
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CITY OF ANN ARBOR
County of Washtenaw, State of Michigan
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Minutes of a regular meeting of the City Coun...
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