City May Ask Voters Again on Parking Garage Repairs, Says It Would Save $585K
Voters failed to approve general obligation bonds for the $3.3 million project.
The city may go back to voters a second time and ask them to approve financing for repairs to the city parking garage in an effort to save $585,862. Voters in November failed to approve a proposition to allow the city to issue $3.3 million in general obligation bonds to pay for repairs to the city parking garage. But St. Charles City Council members on Tuesday said the city has to make repairs on the crumbling structure sooner rather than later. Voters turned down financing the cost with general obligation bonds, which would use a lower interest rate. Instead the city would have to use certificates of participation, which will cost the city an additional $585,862. Michael Spurgeon, director of administration, said some people may …
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TJ Slattery
7:12 am on Friday, April 20, 2012
Mr Bryant- The St. Charles Parks Department has been doing that with the City of St. Peters for a couple of years now. Please see the following link for more info: http://www.stcharlesparks.com/284/programs/double-play-partnership-and-passport-cards.php more ›